StreetInsider.com Unusual 11 Mid-Day Movers 03/09/2007
PeopleSupport (Nasdaq: PSPT) 35% LOWER; Reports Q4 EPS of $0.18 (Q4 EPS was $0.07 ex-tax benefit) vs. consensus of $0.11 - EPS may not be comparable. Revenues were $31.0 million vs. $29.98 million consensus. For the first quarter of 2007, the company expects revenues to be between $32 million and $33 million. For the same period, the company expects diluted earnings per share to be $0.10 to $0.12 based on approximately 24.3 million shares outstanding on a diluted basis. (Consensus is $32.09 million and EPS consensus is $0.15). For the full year of 2007, the company expects revenues to be between $140 million and $144.5 million. (Consensus $145.86 million). Also, the stock received multiple downgrades today.
eLong, Inc. (Nasdaq: LONG) 20.5% LOWER; Reports Q4 loss of $0.11 vs. consensus for $0.10 profit. Revenues were $8.93 million vs. $9.6 million consensus. Also, the company announced that its board of directors had elected Henrik Kjellberg to replace Barney Harford as Chairman
New Century Financial (NYSE: NEW) 20.4% LOWER; Confirms Einhorn Resigns, Lender Extends $265M; Has Not Yet Obtained Waivers Remaining 5 Financing Arrangements. Elected to cease accepting loan applications from prospective borrowers effective immediately while the Company seeks to obtain additional funding capacity.
Jones Soda (Nasdaq: JSDA) 20% HIGHER; Reports Q4 EPS of $0.08, 7 cents better than estimates.(0.01) Revenues were $10 million vs. $9.79 million consensus. Multiple upgrades
GMarket (Nasdaq: GMKT) 19.2% LOWER; Reports Q4 EPS of $0.13, 2 cents worse than estimates.(0.15) Revenues were $51.6 million.
Big Lots (NYSE: BIG) 16% HIGHER; Reports Q4 earnings of $0.83 per share, 13 cents better than estimates. Revenues came in at $1.55 billion versus the consensus of $1.53 billion. Sees Q1 EPS of $0.18-$0.22 versus the consensus of $0.16. Sees FY08 EPS of $1.18-$1.23 versus the consensus of $1.04. Big Lots also announces a $600 million stock buyback plan.
Blue Coat (Nasdaq: BCSI) 13% HIGHER; Reports Q3 revenues of $47.1 million vs. $44.58 million consensus. Sees Q4 revenues between $51-54 million vs. $47.76 million consensus. Because the Company has not completed the restatement of its financial statements relating to its historical practices in granting stock options, the Company will not be able to provide a detailed income statement and balance sheet for the third quarter of fiscal 2007.
La Jolla Pharmaceutical Co. (Nasdaq: LJPC) 13.1% HIGHER; Continued momentum after announcing positive interim antibody results from Riquent Lupus phase 3 trial yesterday. Also, Pacific Growth upgrades La Jolla to a Buy rating.
Trump Entertainment Resorts (Nasdaq: TRMP) 9.4% HIGHER; CNBC reported the company hired a banker to explore a possible sale.
Winston Hotels, Inc. (NYSE: WXH) 9% HIGHER; Received an unsolicited offer from Inland American Real Estate Trust, Inc. to acquire all of the outstanding common stock of Winston Hotels for $15.00 per share, together with all of the common units of WINN Limited Partnership for $15.00 per unit.
Champion Enterprises Inc. (NYSE: CHB) 8.7% HIGHER; FTN Midwest analyst says company has potentially larger than expected market opportunity in U.K. related Caledonian.
eLong, Inc. (Nasdaq: LONG) 20.5% LOWER; Reports Q4 loss of $0.11 vs. consensus for $0.10 profit. Revenues were $8.93 million vs. $9.6 million consensus. Also, the company announced that its board of directors had elected Henrik Kjellberg to replace Barney Harford as Chairman
New Century Financial (NYSE: NEW) 20.4% LOWER; Confirms Einhorn Resigns, Lender Extends $265M; Has Not Yet Obtained Waivers Remaining 5 Financing Arrangements. Elected to cease accepting loan applications from prospective borrowers effective immediately while the Company seeks to obtain additional funding capacity.
Jones Soda (Nasdaq: JSDA) 20% HIGHER; Reports Q4 EPS of $0.08, 7 cents better than estimates.(0.01) Revenues were $10 million vs. $9.79 million consensus. Multiple upgrades
GMarket (Nasdaq: GMKT) 19.2% LOWER; Reports Q4 EPS of $0.13, 2 cents worse than estimates.(0.15) Revenues were $51.6 million.
Big Lots (NYSE: BIG) 16% HIGHER; Reports Q4 earnings of $0.83 per share, 13 cents better than estimates. Revenues came in at $1.55 billion versus the consensus of $1.53 billion. Sees Q1 EPS of $0.18-$0.22 versus the consensus of $0.16. Sees FY08 EPS of $1.18-$1.23 versus the consensus of $1.04. Big Lots also announces a $600 million stock buyback plan.
Blue Coat (Nasdaq: BCSI) 13% HIGHER; Reports Q3 revenues of $47.1 million vs. $44.58 million consensus. Sees Q4 revenues between $51-54 million vs. $47.76 million consensus. Because the Company has not completed the restatement of its financial statements relating to its historical practices in granting stock options, the Company will not be able to provide a detailed income statement and balance sheet for the third quarter of fiscal 2007.
La Jolla Pharmaceutical Co. (Nasdaq: LJPC) 13.1% HIGHER; Continued momentum after announcing positive interim antibody results from Riquent Lupus phase 3 trial yesterday. Also, Pacific Growth upgrades La Jolla to a Buy rating.
Trump Entertainment Resorts (Nasdaq: TRMP) 9.4% HIGHER; CNBC reported the company hired a banker to explore a possible sale.
Winston Hotels, Inc. (NYSE: WXH) 9% HIGHER; Received an unsolicited offer from Inland American Real Estate Trust, Inc. to acquire all of the outstanding common stock of Winston Hotels for $15.00 per share, together with all of the common units of WINN Limited Partnership for $15.00 per unit.
Champion Enterprises Inc. (NYSE: CHB) 8.7% HIGHER; FTN Midwest analyst says company has potentially larger than expected market opportunity in U.K. related Caledonian.
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