StreetInsider.com Unusual 11 Mid-Day Movers 10/26

October 26, 2006 11:45 AM EDT
Renovis (Nasdaq: RNVS) 73% LOWER; Announced that a pivotal Phase III study of NXY-059 (SAINT II) conducted by its exclusive licensee, AstraZeneca (NYSE: AZN), did not demonstrate a statistically significant reduction on the primary endpoint of stroke-related disability in patients treated with NXY-059, as assessed versus placebo using the modified Rankin Scale.

Home Inns & Hotels Management (Nasdaq: HMIN) 67% HIGHER; Today's IPO trading at approx. $23 after originally being priced at $13.80.

Red Hat (Nasdaq: RHAT) 26% LOWER; Oracle announced that it would provide the same enterprise class support for Linux as it provides for its database, middleware and applications products.

Harman International Industries (NYSE: HAR) 18.4% HIGHER; Reports Q1 EPS of $0.85, 4 cents better than estimates.(0.81) Revenues were $825.5 million vs. $800.92 million consensus. Soleil also upgraded the stock.

PC Connection (NASDAQ: PCCC) 18% HIGHER; Reports Q3 EPS of $0.17, 3 cents better than estimates. Revenues were $415.2 million vs. $433 million consensus. Also, company reported net income: of $4.4 million, 128% increase year over year.

Phase Forward (Nasdaq: PFWD) 17.7% HIGHER; Q3 earnings rise. Piper Jaffray upgrade

TeleTech (Nasdaq: TTEC) 16.7% HIGHER; Reports Q3 EPS of $0.18, 5 cents better than estimates.(0.08) Revenues were $303.8 million vs. $276.32 million consensus.

NAVTEQ (NYSE: NVT) 15.3% HIGHER; Reports Q3 EPS of $0.28, 3 cents better than estimates.(0.25) Revenues were $142.7 million vs. $139.63 million consensus. Sees FY EPS of $1.10-$1.16 versus the consensus of $1.12. Sees FY revenues of $565-$580 million versus the consensus of $575.7 million.

Skechers USA (NYSE: SKX) 13.2% HIGHER; Reports Q3 EPS of $0.49, 9 cents better than estimates.(0.40) Revenues were $331.1 million vs. $317.40 million consensus. Sees Q4 EPS of $0.22-0.27 versus the consensus of $0.17. Sees FY EPS of $1.49-$1.54 versus the conensus of $1.35.

LSI Logic (NYSE: LSI) 13% HIGHER; Reports Q3 EPS of $0.16, 4 cents better than estimates.(0.12) Revenues were $493 million vs. $489.42 million consensus. Sees Q4 EPS of $0.15-$0.18 versus the consensus of $0.15. Sees Q4 revenue of $500-$525 million versus the consensus of $515.7 million.

Carpenter Technology (NYSE: CRS) 12.5% LOWER; Reports Q1 EPS of $1.94, 21 cents worse than estimates. Revenues were $404.5 million, compared with $346.0 million for the same quarter a year ago.

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