NovaStar Financial, Inc. (NYSE: NFI) 14.9% HIGHER; received a commitment for an additional financing facility in an amount up to $100 million arranged by Wachovia Capital Markets, LLC. NovaStar also announced today that it has initiated a formal process to explore a range of strategic alternatives, including without limitation a potential sale or other change of control transactions. The Company has retained Deutsche Bank Securities Inc. to act as its financial advisor in this process.
Advanced Magnetics (Nasdaq: AMAG) 13.6% HIGHER; announced positive results from two additional Phase III clinical trials of ferumoxytol as an intravenous (IV) iron replacement therapeutic
Nautilus, Inc. (NYSE: NLS) 11% LOWER; now expects earnings per diluted share of $0.08-0.09 on net sales of around $160 million, compared to previous guidance of $0.18-0.21 per share on net sales of $185-195 million.
Dot Hill Systems Corp. (Nasdaq: HILL) 7.4% HIGHER; expects Q1 revenue to be above the guidance provided by the company in February of this year. The company expects to report revenue for the first quarter of 2007 to be in the range of $53 to $54 million, and a loss per share in the range of $0.13 to $0.15 on a fully diluted basis. These figures exceed the previous guidance set on February 22, 2007 for revenue in the range of $46 to $49 million, and a loss per share in the range of $0.20 to $0.23 on a fully diluted basis. The consensus is $48.05 million and a loss of $0.20.
Research In Motion (Nasdaq: RIMM) 6.7% LOWER; reports Q4 EPS of $0.99, 1 cents worse than estimates.(1.00) Revenues were $930.4 million vs. $935.35 million consensus. Sees Q1 EPS of $0.99-$1.07, adj EPS of $0.99-$1.07, versus the consensus of $1.04. Sees Q1 revs of $1.02-$1.07 billion versus the consensus of $1 billion.
Men’s Wearhouse (NYSE: MW) 5.87% LOWER; CFO, stated, “After a preliminary review of the first two months’ results in our fiscal first quarter, we now expect Q1 2007 GAAP diluted EPS to be at the lower end of our initial guidance range of $0.63 to $0.67, primarily due to softening U.S. sales.”
Ruby Tuesday (NYSE: RI) 5.7% LOWER; reports Q3 EPS of $0.49, 4 cents worse than estimates.(0.53) Revenues were $377.9 million vs. $378.41 million consensus. Sees Q4 EPS of $0.45-$0.50, ex-items, versus the consensus of $0.52. Sees FY EPS of $1.67-$1.69, ex-items, versus the consensus of $1.70.
American Eagle Outfitters, Inc. (NYSE: AEO) 4% HIGHER; said March comparable store sales increased 20%, compared to 4% for same period last year. The company is raising its first quarter earnings guidance to $0.34 to $0.35 per share, versus prior guidance of $0.31 to $0.33 per share. The consensus is $0.33.
SAIC, Inc. (NYSE: SAI) 4% HIGHER; reports Q4 EPS of $0.20, 3 cents better than estimates.(0.17) Revenues were $2.1 billion vs. $2.07 billion consensus. Reaffiirms forecast.
Apogee Enterprises (Nasdaq: APOG) 3% HIGHER; reports Q4 EPS of $0.32, 4 cents better than estimates.(0.28) Revenues were $206.2 million vs. $204.93 million consensus. Increased 2008 earnings guidance to $1.27 to $1.37 per share (including $0.03 from lower tax rate), versus earlier guidance of $1.20-$1.30. The consensus is $1.27.
Bed Bath & Beyond (Nasdaq: BBBY) 2.9% LOWER; reports Q4 EPS of $0.79, ex-items, 1 cents better than estimates.(0.78) Revenues were $2 billion vs. $1.95 billion consensus.
Murphy Oil Corporation (NYSE: MUR) 2.5% HIGHER; expects income for the first quarter of 2007 to be between $.60 and $.65 per diluted share, versus the consenssu of $.53.
Luminent Mortgage Capital, Inc. (NYSE: LUM) 2% HIGHER; adopted a stock repurchase plan in accordance with guidelines specified under Rule 10b5-1 of the Securities Exchange Act of 1934.
NovaStar Financial, Inc. (NYSE: NFI) 14.9% HIGHER; received a commitment for an additional financing facility in an amount up to $100 million arranged by Wachovia Capital Markets, LLC. NovaStar also announced today that it has initiated a formal process to explore a range of strategic alternatives, including without limitation a potential sale or other change of control transactions. The Company has retained Deutsche Bank Securities Inc. to act as its financial advisor in this process.
Advanced Magnetics (Nasdaq: AMAG) 13.6% HIGHER; announced positive results from two additional Phase III clinical trials of ferumoxytol as an intravenous (IV) iron replacement therapeutic
Nautilus, Inc. (NYSE: NLS) 11% LOWER; now expects earnings per diluted share of $0.08-0.09 on net sales of around $160 million, compared to previous guidance of $0.18-0.21 per share on net sales of $185-195 million.
Dot Hill Systems Corp. (Nasdaq: HILL) 7.4% HIGHER; expects Q1 revenue to be above the guidance provided by the company in February of this year. The company expects to report revenue for the first quarter of 2007 to be in the range of $53 to $54 million, and a loss per share in the range of $0.13 to $0.15 on a fully diluted basis. These figures exceed the previous guidance set on February 22, 2007 for revenue in the range of $46 to $49 million, and a loss per share in the range of $0.20 to $0.23 on a fully diluted basis. The consensus is $48.05 million and a loss of $0.20.
Research In Motion (Nasdaq: RIMM) 6.7% LOWER; reports Q4 EPS of $0.99, 1 cents worse than estimates.(1.00) Revenues were $930.4 million vs. $935.35 million consensus. Sees Q1 EPS of $0.99-$1.07, adj EPS of $0.99-$1.07, versus the consensus of $1.04. Sees Q1 revs of $1.02-$1.07 billion versus the consensus of $1 billion.
Men’s Wearhouse (NYSE: MW) 5.87% LOWER; CFO, stated, "After a preliminary review of the first two months’ results in our fiscal first quarter, we now expect Q1 2007 GAAP diluted EPS to be at the lower end of our initial guidance range of $0.63 to $0.67, primarily due to softening U.S. sales."
Ruby Tuesday (NYSE: RI) 5.7% LOWER; reports Q3 EPS of $0.49, 4 cents worse than estimates.(0.53) Revenues were $377.9 million vs. $378.41 million consensus. Sees Q4 EPS of $0.45-$0.50, ex-items, versus the consensus of $0.52. Sees FY EPS of $1.67-$1.69, ex-items, versus the consensus of $1.70.
American Eagle Outfitters, Inc. (NYSE: AEO) 4% HIGHER; said March comparable store sales increased 20%, compared to 4% for same period last year. The company is raising its first quarter earnings guidance to $0.34 to $0.35 per share, versus prior guidance of $0.31 to $0.33 per share. The consensus is $0.33.
SAIC, Inc. (NYSE: SAI) 4% HIGHER; reports Q4 EPS of $0.20, 3 cents better than estimates.(0.17) Revenues were $2.1 billion vs. $2.07 billion consensus. Reaffiirms forecast.
Apogee Enterprises (Nasdaq: APOG) 3% HIGHER; reports Q4 EPS of $0.32, 4 cents better than estimates.(0.28) Revenues were $206.2 million vs. $204.93 million consensus. Increased 2008 earnings guidance to $1.27 to $1.37 per share (including $0.03 from lower tax rate), versus earlier guidance of $1.20-$1.30. The consensus is $1.27.
Bed Bath & Beyond (Nasdaq: BBBY) 2.9% LOWER; reports Q4 EPS of $0.79, ex-items, 1 cents better than estimates.(0.78) Revenues were $2 billion vs. $1.95 billion consensus.
Murphy Oil Corporation (NYSE: MUR) 2.5% HIGHER; expects income for the first quarter of 2007 to be between $.60 and $.65 per diluted share, versus the consenssu of $.53.
Luminent Mortgage Capital, Inc. (NYSE: LUM) 2% HIGHER; adopted a stock repurchase plan in accordance with guidelines specified under Rule 10b5-1 of the Securities Exchange Act of 1934.
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