Largest Net $ Movers of Note 08/04
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UPWARD MOVERS:
Chicago Mercantile Exchange Holdings Inc. (NYSE: CME) +$22.11; Will replace Kerr-McGee Corp. (NYSE: KMG) in the S&P 500 index after the close of trading on Thursday, August 10. Kerr-McGee is being acquired by S&P 500 constituent Anadarko Petroleum Corp. (NYSE: APC) in a deal expected to close on or about that date, pending final approvals.
Intermec (NYSE: IN) +$5.17; Reports Q2 EPS of $0.18, 7 cents better than estimates.(0.11) Revenues were $231.4 million vs. $229.21 million consensus.
Quality Systems (Nasdaq: QSII) +$5.33; Reports Q2 EPS of $0.28, 4 cents better than estimates.(0.24) Revenues were $36.1 million vs. $35.29 million consensus.
Cbeyond (Nasdaq: CBEY) +$4.56; Reports Q2 revenues were $52.5 million vs. $50.44 million consensus. Company reported net income of $1.4 million. Raymond James Upgrades CBEY to Strong Buy
Chiquita Brands Int'l (NYSE: CQB) +$3.07; Reports Q2 EPS of $0.54, 18 cents better than estimates.(0.36) Revenues were $1.23 billion vs. $1.22 billion consensus. Wachovia upgrades CQB to Outperform.
DOWNWARD MOVERS:
Kinetic Concepts Inc. (NYSE: KCI) -$17.77; U.S. District Court jury has found that the Wake Forest patents involved in the litigation against BlueSky Medical Group Inc. and Medela AG are valid and enforceable. The jury also found that the patent claims involved in the case are not infringed by the Versatile 1 system marketed by BlueSky.
Dionex Corp. (Nasdaq: DNEX) -$7.17; Reports Q4 EPS of $0.27 ($0.49 excluding items), 29 (0.07) cents worse than estimates. Revenues were $75.2 million vs. $77.52 million consensus. Sees Q1 EPS between $0.41-0.44 vs. consensus of $0.46. Company sees FY EPS between $2.06-2.14 vs. $2.04 consensus.
Career Education (Nasdaq: CECO) -$6.54; Reports Q2 EPS of $0.36, 13 cents worse than estimates.(0.49) Revenues were $486.8 million vs. $504.71 million consensus. S&P Equity Research downgrades CECO to Strong Sell.
John H. Harland (NYSE: JH) -$4.69; Reports Q2 EPS of $0.61, 4 cents worse than estimates.(0.66) Revenues were $259.4 million vs. $260.90 million consensus. The company expects third quarter results to be in the range of $0.57 to $0.62 per diluted share. For the full year, the company expects earnings to be in the range of $2.83 to $2.88 per diluted share. Current consensus for Q3 EPS is $0.74. Current consensus for FY is $2.97.
Apple (Nasdaq: AAPL) -$4.27; Company said as a results of its ongoing stock options investigation the company will delay the filing of its Form 10-Q for the quarter ended July 1, 2006. The company said, although the investigation is ongoing, they has discovered additional evidence of irregularities and will likely need to restate its historical financial statements to record non-cash charges for compensation expense relating to past stock option grants.
Chicago Mercantile Exchange Holdings Inc. (NYSE: CME) +$22.11; Will replace Kerr-McGee Corp. (NYSE: KMG) in the S&P 500 index after the close of trading on Thursday, August 10. Kerr-McGee is being acquired by S&P 500 constituent Anadarko Petroleum Corp. (NYSE: APC) in a deal expected to close on or about that date, pending final approvals.
Intermec (NYSE: IN) +$5.17; Reports Q2 EPS of $0.18, 7 cents better than estimates.(0.11) Revenues were $231.4 million vs. $229.21 million consensus.
Quality Systems (Nasdaq: QSII) +$5.33; Reports Q2 EPS of $0.28, 4 cents better than estimates.(0.24) Revenues were $36.1 million vs. $35.29 million consensus.
Cbeyond (Nasdaq: CBEY) +$4.56; Reports Q2 revenues were $52.5 million vs. $50.44 million consensus. Company reported net income of $1.4 million. Raymond James Upgrades CBEY to Strong Buy
Chiquita Brands Int'l (NYSE: CQB) +$3.07; Reports Q2 EPS of $0.54, 18 cents better than estimates.(0.36) Revenues were $1.23 billion vs. $1.22 billion consensus. Wachovia upgrades CQB to Outperform.
DOWNWARD MOVERS:
Kinetic Concepts Inc. (NYSE: KCI) -$17.77; U.S. District Court jury has found that the Wake Forest patents involved in the litigation against BlueSky Medical Group Inc. and Medela AG are valid and enforceable. The jury also found that the patent claims involved in the case are not infringed by the Versatile 1 system marketed by BlueSky.
Dionex Corp. (Nasdaq: DNEX) -$7.17; Reports Q4 EPS of $0.27 ($0.49 excluding items), 29 (0.07) cents worse than estimates. Revenues were $75.2 million vs. $77.52 million consensus. Sees Q1 EPS between $0.41-0.44 vs. consensus of $0.46. Company sees FY EPS between $2.06-2.14 vs. $2.04 consensus.
Career Education (Nasdaq: CECO) -$6.54; Reports Q2 EPS of $0.36, 13 cents worse than estimates.(0.49) Revenues were $486.8 million vs. $504.71 million consensus. S&P Equity Research downgrades CECO to Strong Sell.
John H. Harland (NYSE: JH) -$4.69; Reports Q2 EPS of $0.61, 4 cents worse than estimates.(0.66) Revenues were $259.4 million vs. $260.90 million consensus. The company expects third quarter results to be in the range of $0.57 to $0.62 per diluted share. For the full year, the company expects earnings to be in the range of $2.83 to $2.88 per diluted share. Current consensus for Q3 EPS is $0.74. Current consensus for FY is $2.97.
Apple (Nasdaq: AAPL) -$4.27; Company said as a results of its ongoing stock options investigation the company will delay the filing of its Form 10-Q for the quarter ended July 1, 2006. The company said, although the investigation is ongoing, they has discovered additional evidence of irregularities and will likely need to restate its historical financial statements to record non-cash charges for compensation expense relating to past stock option grants.
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