Morning Movers 3/26: CTRN, CONN, BBY, GM, RHT, DPS Higher; UTIW, MFE, SNDA Lower

March 26, 2009 9:17 AM EDT
Citi Trends, Inc. (Nasdaq: CTRN) 17.8% HIGHER; reports Q4 EPS of $0.70, versus the analyst estimate of $0.55. Revenues for the quarter were $146.6 million, versus the consensus of $146.60 million. Same store sales fell 1.9% during the quarter. Sees FY09 EPS of $1.30, versus the consensus of $1.07. Same store sales are expected to be up 3% for this year. Expects to increase square footage by at least 15% during '09.

Conn's, Inc. (NASDAQ: CONN) 16.7% HIGHER; reports Q4 EPS of $0.69, 6 cents better than the analyst estimate of $0.63. Revenues for the quarter were $245.4 million, versus the consensus of $271.50 million. Sees FY10 EPS of $1.75-$1.85, ex-items, versus the consensus of $1.65.

Best Buy Co. Inc. (NYSE: BBY) 12% HIGHER; reports Q4 non-GAAP EPS of $1.61, 21 cents better than the analyst estimate of $1.40. Revenue for the quarter was $14.72 billion, versus the consensus of $14.82 billion. Q4 same stores sales came in at down 4.9%. Sees FY10 EPS of $2.50-$2.90, versus the consensus of $2.47. Sees Fy10 sales of $46.5-$48.5 billion, versus the consensus of $48.05 billion. Expects to open 65 new stores in FY10. Sees FY10 comps flat to down 5%.

General Motors (NYSE: GM) 11.4% HIGHER; President Barack Obama's auto task force is prepared to offer General Motors (NYSE: GM) and Chrysler LLC additional government funds to prevent them from slipping into bankruptcy. Click here for the full report.

Red Hat, Inc. (NYSE: RHT) 11.3% HIGHER; reports Q4 EPS of $0.22, ex-items, 2 cents better than the analyst estimate of $0.20. Revenues for the quarter were $166.2 million, versus the consensus of $166.99 million.

Dr Pepper Snapple (NYSE: DPS) 10.3% HIGHER; reports Q4 earnings of $0.39 per share, above the consensus of $0.37. Revenues came in at $1.38 billion, versus the consensus of $1.33 billion. Sees FY09 PS of $1.59-$1.67 versus the consensus of $1.62. The company expects full year 2009 net sales to decline 2% to 4%.

CKE Restaurants (NYSE: CKR) 7.2% HIGHER; reports Q4 EPS of $0.05, 2 cents better than the analyst estimate of $0.03. Revenues for the quarter were $327.5 million, versus the consensus of $336.67 million.

ConAgra Foods, Inc., (NYSE: CAG) 5.8% HIGHER; reports Q3 non-GAAP EPS of $0.40, 4 cents better than the analyst estimate of $0.36 and an 18% increase from $0.34 reported in the same quarter last year. Revenues for the quarter were $3.134 billion, versus the consensus of $3.11 billion. Reaffirms its FY09 EPS guidance of slightly above $1.50, ex-items. The Street is currently expecting FY09 EPS of $1.47.

Novo Nordisk (NYSE: NVO) 5.5% HIGHER; UBS upgrades the stock from Neutral to Buy.

Denbury Resources (NYSE: DNR) 5.4% HIGHER; will replace Rohm and Haas Co. (NYSE: ROH) in the S&P 500.

Research In Motion (Nasdaq: RIMM) 5% HIGHER; Goldman Sachs is out with a note recommending investors buy the stock prior to the company's Q4 earnings report. Click here for more color.

GameStop Corp. (NYSE: GME) 4.9% HIGHER; reports Q4 EPS of $1.39, 5 cents better than the analyst estimate of $1.34 and up 21.9% from the $1.14 reported in the same quarter last year. Revenue for the quarter was $3.5 billion, versus the consensus of $3.46 billion. Same store sales rose 9.6% during the quarter. Sees Q1 comps flat to up 2%, with EPS in the range of $0.40-$0.42, versus the consensus of $0.39. Affirms its FY09 outlook for sales growth of 10-12%, comps up 4-6%, and EPS growth of 18-22%. Sees generating free cash flow of over $500 million.

UTI Worldwide, Inc. (Nasdaq: UTIW) 3.2% LOWER; reports Q4 EPS of $0.21 non-gaap, 2 cents below the analyst estimate of $0.23. Revenue for the quarter was $894.1 million, versus the consensus of $1.11 billion. Click here for the full report.

McAfee (NYSE: MFE) 2.7% LOWER; AURIGA initiates coverage with a Sell rating. Price target $28. Click here for more color.

Shanda (NASDAQ: SNDA) 2.2% LOWER; Roth Capital downgraded the stock from Hold to Sell, with a $30 price target. Click here for the full report.

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