StreetInsider.com Unusual 11 Mid-Day Movers 11/10/06
Tanox (Nasdaq: TNOX) 44% HIGHER; Genentech, Inc. (NYSE: DNA) and Tanox announced plans for Genentech to acquire Tanox, a biotechnology company specializing in the discovery and development of biotherapeutics based on monoclonal antibody technology, for $20 per share for a total cash value of approximately $919 million.
Dolbys Labs (NYSE: DLB) 31.7% HIGHER; Reports Q4 EPS of $0.22, 11 cents better than estimates.(0.11) Revenues were $102.1 million vs. $83.81 million consensus. Sees FY EPS between $0.83-0.92 vs. $0.75 consensus. Sees FY07 revenues between $420-450 million vs. $405 million consensus.
Infosonics (Nasdaq: IFON) 24.8% LOWER; Reports Q3 EPS of $0.05, 2 cents worse than estimates.(0.07) Revenues were $67.6 million vs. $71.88 million consensus.
Targeted Genetics (Nasdaq: TGEN) 18.5% HIGHER; Stock seeing continued momentum after positive debt restructuring deal with Biogen Idec (Nasdaq: BIIB) and Q3 earnings.
Fuel Systems Solutions (Nasdaq: FSYS) 18.4% HIGHER; Reports Q3 EPS of $0.22 versus the consensus of $0.13. Revenues came in at $55.43 million versus the consensus of $44.15 million. The company expects to surpass its previously stated revenue guidance of $200 million for the year, and now expects to achieve revenue of at least $210 million in 2006.
Merge Technologies/Merge Healthcare (Nasdaq: MRGE) 15.2% LOWER; Reports a Q3 loss of $0.32, 22 cents worse than estimates. Revenues were $14.0 million vs. $18.24 million consensus.
Capstone Turbine (Nasdaq: CPST) 13% LOWER; Reports a Q2 loss of $0.10, in-line with estimates.(-.10) Revenues were $2.95 million vs. $7.42 million consensus.
Newpark Resources (NYSE: NR) 8.8% HIGHER; Reports a Q3 loss of $0.03 (which included unusual pre-tax items totaling $16.8 million) not comparable to consensus of $0.10. Revenues were $170.1 million vs. $163.30 million consensus.
Pacific Sunwear (Nasdaq: PSUN) 8.6% HIGHER; Reports Q3 EPS of $0.27 (ex-items), 2 cents better than estimates.(0.25) Revenues were $375.4 million vs. $380.26 million consensus. Sees Q4 EPS between $0.45-0.50 vs. consensus of $0.46.
4 Kids Entertainment (NYSE: KDE) 8.4% LOWER; Reports a Q3 loss of $0.02, 15 cents worse than estimates.(0.13) Revenues were $17.6 million vs. $20.5 million consensus.
NYSE Group (NYSE: NYX) 7.45% HIGHER; Jim Cramer makes positive comments, saying the stock could go to $250.
Dolbys Labs (NYSE: DLB) 31.7% HIGHER; Reports Q4 EPS of $0.22, 11 cents better than estimates.(0.11) Revenues were $102.1 million vs. $83.81 million consensus. Sees FY EPS between $0.83-0.92 vs. $0.75 consensus. Sees FY07 revenues between $420-450 million vs. $405 million consensus.
Infosonics (Nasdaq: IFON) 24.8% LOWER; Reports Q3 EPS of $0.05, 2 cents worse than estimates.(0.07) Revenues were $67.6 million vs. $71.88 million consensus.
Targeted Genetics (Nasdaq: TGEN) 18.5% HIGHER; Stock seeing continued momentum after positive debt restructuring deal with Biogen Idec (Nasdaq: BIIB) and Q3 earnings.
Fuel Systems Solutions (Nasdaq: FSYS) 18.4% HIGHER; Reports Q3 EPS of $0.22 versus the consensus of $0.13. Revenues came in at $55.43 million versus the consensus of $44.15 million. The company expects to surpass its previously stated revenue guidance of $200 million for the year, and now expects to achieve revenue of at least $210 million in 2006.
Merge Technologies/Merge Healthcare (Nasdaq: MRGE) 15.2% LOWER; Reports a Q3 loss of $0.32, 22 cents worse than estimates. Revenues were $14.0 million vs. $18.24 million consensus.
Capstone Turbine (Nasdaq: CPST) 13% LOWER; Reports a Q2 loss of $0.10, in-line with estimates.(-.10) Revenues were $2.95 million vs. $7.42 million consensus.
Newpark Resources (NYSE: NR) 8.8% HIGHER; Reports a Q3 loss of $0.03 (which included unusual pre-tax items totaling $16.8 million) not comparable to consensus of $0.10. Revenues were $170.1 million vs. $163.30 million consensus.
Pacific Sunwear (Nasdaq: PSUN) 8.6% HIGHER; Reports Q3 EPS of $0.27 (ex-items), 2 cents better than estimates.(0.25) Revenues were $375.4 million vs. $380.26 million consensus. Sees Q4 EPS between $0.45-0.50 vs. consensus of $0.46.
4 Kids Entertainment (NYSE: KDE) 8.4% LOWER; Reports a Q3 loss of $0.02, 15 cents worse than estimates.(0.13) Revenues were $17.6 million vs. $20.5 million consensus.
NYSE Group (NYSE: NYX) 7.45% HIGHER; Jim Cramer makes positive comments, saying the stock could go to $250.
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