Daktronics, Inc. (Nasdaq: DAKT) 17.8% LOWER; now estimates that net sales for the fourth quarter of fiscal 2007 will be in the range of $101 million to $105 million, with earnings in the range of $0.06 to $0.10 per share. Previously, the Company estimated that its fiscal fourth quarter net sales would be in the range of $106 million to $118 million and that its earnings per share would be in the range of $0.12 to $0.19 per share.
Carrier Access Corporation (Nasdaq: CACS) 13.4% LOWER; said Q1 revenue is expected to range from $8.3 million to $8.7 million. Basic and diluted GAAP loss per share for the quarter is expected to range from $(0.32) to $(0.27). Basic and diluted non-GAAP loss per share for the quarter is expected to range from $(0.29) to $(0.24). The consensus is revenue of $14.1 million and loss of $0.21.
ARIAD Pharmaceuticals, Inc. (Nasdaq: ARIA) 12% LOWER; received feedback from the FDA regarding its Special Protocol Assessment on the design and endpoints for its Phase 3 pivotal trial of oral AP23573, its novel mTOR inhibitor, in metastatic sarcoma. Based on the FDA’s response, the Company intends to pursue its Phase 3 trial in the same treatment setting as originally proposed (patients with metastatic sarcoma following a favorable response to chemotherapy), with overall survival as the primary endpoint and progression-free survival as a key secondary endpoint. As a result, the Company anticipates that initiation of patient enrollment may be delayed from the second to the third quarter of 2007.
WD-40 Co. (Nasdaq: WDFC) 7.6% HIGHER; reports Q2 EPS of $0.52, 6 cents better than estimate. Revenues came in at $79.3 million versus the consensus of $78.32 million. Reaffirms 2007 forecast. Sees 2007 sales of $307-$324 million, versus the consensus of $313.14 million. Sees 2007 EPS of $1.70-$1.85 versus the consensus of $1.75. The company also announced a $35 share buyback.
Spartan Motors Inc. (Nasdaq: SPAR) 3% HIGHER; Cramer highlights on Mad Money
Daktronics, Inc. (Nasdaq: DAKT) 17.8% LOWER; now estimates that net sales for the fourth quarter of fiscal 2007 will be in the range of $101 million to $105 million, with earnings in the range of $0.06 to $0.10 per share. Previously, the Company estimated that its fiscal fourth quarter net sales would be in the range of $106 million to $118 million and that its earnings per share would be in the range of $0.12 to $0.19 per share.
Carrier Access Corporation (Nasdaq: CACS) 13.4% LOWER; said Q1 revenue is expected to range from $8.3 million to $8.7 million. Basic and diluted GAAP loss per share for the quarter is expected to range from $(0.32) to $(0.27). Basic and diluted non-GAAP loss per share for the quarter is expected to range from $(0.29) to $(0.24). The consensus is revenue of $14.1 million and loss of $0.21.
ARIAD Pharmaceuticals, Inc. (Nasdaq: ARIA) 12% LOWER; received feedback from the FDA regarding its Special Protocol Assessment on the design and endpoints for its Phase 3 pivotal trial of oral AP23573, its novel mTOR inhibitor, in metastatic sarcoma. Based on the FDA’s response, the Company intends to pursue its Phase 3 trial in the same treatment setting as originally proposed (patients with metastatic sarcoma following a favorable response to chemotherapy), with overall survival as the primary endpoint and progression-free survival as a key secondary endpoint. As a result, the Company anticipates that initiation of patient enrollment may be delayed from the second to the third quarter of 2007.
WD-40 Co. (Nasdaq: WDFC) 7.6% HIGHER; reports Q2 EPS of $0.52, 6 cents better than estimate. Revenues came in at $79.3 million versus the consensus of $78.32 million. Reaffirms 2007 forecast. Sees 2007 sales of $307-$324 million, versus the consensus of $313.14 million. Sees 2007 EPS of $1.70-$1.85 versus the consensus of $1.75. The company also announced a $35 share buyback.
Spartan Motors Inc. (Nasdaq: SPAR) 3% HIGHER; Cramer highlights on Mad Money
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