StreetInsider.com Pre-Open Movers 03/22

StreetInsider.com Pre-Open Movers:

RCM Technologies, Inc. (Nasdaq: RCMT) 20% HIGHER; reported revenues of $54.2 million for the thirteen weeks ended December 30, 2006, up from $46.8 million for the thirteen weeks ended December 31, 2005. Net income for the thirteen weeks ended December 30, 2006 was $2.3 million, or $.19 per diluted share, as compared to net income of $818,500, or $.07 per diluted share, for the comparable prior year period.

Atherogenics Inc. (Nasdaq: AGIX) 16% HIGHER; Reuters article discusses company's drug

Adams Respiratory Therapeutics Inc. (Nasdaq: ARXT) 12% HIGHER; entered into a settlement agreement with Mutual Pharmaceutical Co. and United Research Laboratories, Inc., both wholly owned subsidiaries of Pharmaceutical Holdings

Herman Miller (Nasdaq: MLHR) 9% LOWER; reports Q3 EPS of $0.50, 2 cents worse than estimates.(0.52) Revenues were $484.8 million vs. $491.41 million consensus. Sees Q4 EPS of $0.47-$0.51, versus the consensus of $0.52. Sees Q4 revenues of $485-$505 million versus the consensus of $491.4 million.

Intuit Inc. (Nasdaq: INTU) 6% LOWER; said through March 17, 2007, total TurboTax federal unit sales increased 1 percent over the same period last year. For the full season, we expect total unit growth of 3 percent to 5 percent. Intuit also reiterated its fiscal 2007 guidance for the company and other segments.

Motorola, Inc. (NYSE: MOT) 5% LOWER; revised lower its previously announced first quarter 2007 guidance, announced an accelerated repurchase of $2.0 billion of common stock and increases its existing share repurchase program to $7.5 billion. Motorola now expects sales for the first quarter of 2007 to be in the range of $9.2 to $9.3 billion. First quarter GAAP results are expected to be a loss in the range of $0.07 to $0.09 per share, including charges of approximately $0.09 from the items highlighted below. The consensus is sales of $10.46 billion and EPS of $0.17 (may not compare). Also announces management changes.

Scholastic Corporation (NASDAQ: SCHL) 5% LOWER; reports a Q3 loss of $0.18 (including $0.04 gain on the sale of an investment) vs. consensus for a loss of $0.08. Revenues were $497.0 million vs. $498.56 million consensus. Based on lower than expected results in Continuities in the third quarter, and the revised outlook for this business in the fourth quarter, the Company now expects full year earnings in the range of $1.40 to $1.60 per diluted share on revenues of $2.1 to $2.2 billion. (Current FY07 EPS consensus is $1.74 and revenue consensus is $2.19 billion)

Ligand Pharmaceuticals (NASDAQ: LGND) 4% HIGHER; announced return of cash on the common stock of the Corporation in the form of a $2.50 per share cash dividend, payable on April 19, 2007 to shareholders of record as of April 5, 2007. In addition to this approximately $253 million cash dividend, Ligand's board of directors has authorized up to $100 million in share repurchases within the next 12 months.

Citi Trends (Nasdaq: CTRN) 3.7% LOWER; reports Q4 EPS of $0.73, 4 cents better than estimates.(0.69) Revenues were $126.8 million vs. $124.44 million consensus. Sees Q1 EPS of $0.44-$0.49, versus the consensus of $0.56. Reaffirms FY07 forecast.

Haynes International (Nasdaq: HAYN) 3.7% HIGHER; Cramer highlights on Mad Money

Chattem (Nasdaq: CHTT) 3.3% HIGHER; reports Q1 earnings of $0.71 per share, above the consensus of $0.61. Revenues came in at $100.8 million versus the consensus of $101 million. Sees FY07 EPS of $2.71-$2.96 versus prior guidance of of $2.66-$2.91 and the consensus of $2.76.

KB Home (NYSE: KBH) 2.5% HIGHER; reports Q1 EPS of $0.34, 9 cents better than estimates. Revenues were $1.77 billion vs. $1.61 billion consensus.

Imclone Systems Inc. (Nasdaq: IMCL) 1.6% HIGHER; Friedman Billings upgrades to Outperform

General Mills (NYSE: GIS) 1% HIGHER; reports Q3 earnings of $0.74 per share, 4 cents better than estimates. Revenues came in at $3.05 billion versus the consensus of $2.98 billion. Sees FY07 EPS of $3.14-$3.16, versus previous guidance of $3.09-$3.13 and the consensus of $3.16.

Modine Manufacturing Company (NYSE: MOD) INDICATED LOWER; expects that earnings for the Fiscal 2007 fourth quarter will be at or below the break-even level. The consenssu is $0.24 profit.

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