Alanco Technologies (NASDAQ: ALAN) 38.8% HIGHER; Expects sales revenues for the third quarter ended March 31, 2007, to exceed $4.4 million, an increase of over 300% versus comparable revenues of $988,000 in the prior year period. Sales revenue for the first nine months of fiscal year ending June 30, 2007 is expected to be approximately $15 million, an increase in excess of $11 million compared to $3.8 million in comparable revenue for the prior year nine months.
All American Semiconductor (Nasdaq: SEMI) 22.5% LOWER; Continues sell-off after Nasdaq announced move to delist company last Thursday.
Applied Micro Circuits (Nasdaq: AMCC) 22% LOWER; Expects to report net revenues of approximately $70 million for the quarter ended March 31, 2007, down approximately 8.5% compared to the quarter ended December 31, 2006. The Company had previously provided guidance for fourth quarter revenues to be down between 2% and 5% sequentially.
Metabolix (NASDAQ: MBLX) 18% HIGHER; MBLX and Archer-Daniels-Midland (NYSE: ADM) announced that they will jointly produce Mirel Natural Plastics. Mirel is a family of high performance natural plastics that are biobased, sustainable and completely biodegradable.
MedImmune (Nasdaq: MEDI) 17.9% HIGHER; AstraZeneca PLC (NYSE: AZN) entered into a definitive agreement to acquire MedImmune in an all-cash transaction. Under the terms of the agreement, which has unanimous MedImmune Board support, AstraZeneca will acquire all of the fully diluted shares of MedImmune common stock at a price of $58 per share, for a total consideration of approximately $15.6 billion.
Administaff (NYSE: ASF) 14.7% LOWER; Sees Q1 EPS of $0.30 vs. consensus of $0.37. The company expects to report average gross profit per work-site employee per month of $216, compared to its initial guidance of $224 to $230. This shortfall is due primarily to higher than expected healthcare costs, offset in part by a better than expected workers’ compensation surplus.
Kensey Nash (Nasdaq: KNSY) 14.6% LOWER; Reports Q3 EPS of $0.19, 2 cents worse than estimates. Revenues were $19 million vs. $19.48 million consensus. Sees Q4 revenues in a range of $18.0-$18.7 million. (Consensus is $21.93 million). Diluted EPS is expected to be in a range of $0.14 to $0.15, which includes equity compensation expense of approximately $0.04 per share. (Consensus is $0.28)
Lee Enterprises (NYSE: LEE) 11.2% LOWER; Reported that same property advertising revenue in March decreased 1.2% compared with a year ago. Same property online advertising revenue increased 64.3%. Year to date, total same property advertising revenue was up 0.2%. National advertising revenue decreased 7.1%. Print-only retail advertising revenue decreased 2.3%, and print-only classified revenue decreased 6.6%.
Novastar Financial (NYSE: NFI) 8.8% HIGHER; Stock continues to rebound after recent positive news following sub-prime debacle. (Stock has rebounded approx. 35% in 10 sessions, however, NFI is down over 67% from Feb. 7th, 2007 closing price)
Pioneer Natural Resources (NYSE: PXD) 7.8% HIGHER; Company has approved a plan to form two new publicly-traded master limited partnerships (MLPs) which will own interests in long-lived, low-decline oil and gas assets. Company also approved a $450 million increase in its existing share repurchase program, which now authorizes the purchase of up to $750 million of its common stock.
Ryerson (NYSE: RYI) 7% HIGHER; Crain’s Chicago Business reports Metals USA, a steel distributor run by Apollo Management has entered a bid to acquire Ryerson. Crain’s cites three sources with knowledge of the auction.
Alanco Technologies (NASDAQ: ALAN) 38.8% HIGHER; Expects sales revenues for the third quarter ended March 31, 2007, to exceed $4.4 million, an increase of over 300% versus comparable revenues of $988,000 in the prior year period. Sales revenue for the first nine months of fiscal year ending June 30, 2007 is expected to be approximately $15 million, an increase in excess of $11 million compared to $3.8 million in comparable revenue for the prior year nine months.
All American Semiconductor (Nasdaq: SEMI) 22.5% LOWER; Continues sell-off after Nasdaq announced move to delist company last Thursday.
Applied Micro Circuits (Nasdaq: AMCC) 22% LOWER; Expects to report net revenues of approximately $70 million for the quarter ended March 31, 2007, down approximately 8.5% compared to the quarter ended December 31, 2006. The Company had previously provided guidance for fourth quarter revenues to be down between 2% and 5% sequentially.
Metabolix (NASDAQ: MBLX) 18% HIGHER; MBLX and Archer-Daniels-Midland (NYSE: ADM) announced that they will jointly produce Mirel Natural Plastics. Mirel is a family of high performance natural plastics that are biobased, sustainable and completely biodegradable.
MedImmune (Nasdaq: MEDI) 17.9% HIGHER; AstraZeneca PLC (NYSE: AZN) entered into a definitive agreement to acquire MedImmune in an all-cash transaction. Under the terms of the agreement, which has unanimous MedImmune Board support, AstraZeneca will acquire all of the fully diluted shares of MedImmune common stock at a price of $58 per share, for a total consideration of approximately $15.6 billion.
Administaff (NYSE: ASF) 14.7% LOWER; Sees Q1 EPS of $0.30 vs. consensus of $0.37. The company expects to report average gross profit per work-site employee per month of $216, compared to its initial guidance of $224 to $230. This shortfall is due primarily to higher than expected healthcare costs, offset in part by a better than expected workers’ compensation surplus.
Kensey Nash (Nasdaq: KNSY) 14.6% LOWER; Reports Q3 EPS of $0.19, 2 cents worse than estimates. Revenues were $19 million vs. $19.48 million consensus. Sees Q4 revenues in a range of $18.0-$18.7 million. (Consensus is $21.93 million). Diluted EPS is expected to be in a range of $0.14 to $0.15, which includes equity compensation expense of approximately $0.04 per share. (Consensus is $0.28)
Lee Enterprises (NYSE: LEE) 11.2% LOWER; Reported that same property advertising revenue in March decreased 1.2% compared with a year ago. Same property online advertising revenue increased 64.3%. Year to date, total same property advertising revenue was up 0.2%. National advertising revenue decreased 7.1%. Print-only retail advertising revenue decreased 2.3%, and print-only classified revenue decreased 6.6%.
Novastar Financial (NYSE: NFI) 8.8% HIGHER; Stock continues to rebound after recent positive news following sub-prime debacle. (Stock has rebounded approx. 35% in 10 sessions, however, NFI is down over 67% from Feb. 7th, 2007 closing price)
Pioneer Natural Resources (NYSE: PXD) 7.8% HIGHER; Company has approved a plan to form two new publicly-traded master limited partnerships (MLPs) which will own interests in long-lived, low-decline oil and gas assets. Company also approved a $450 million increase in its existing share repurchase program, which now authorizes the purchase of up to $750 million of its common stock.
Ryerson (NYSE: RYI) 7% HIGHER; Crain’s Chicago Business reports Metals USA, a steel distributor run by Apollo Management has entered a bid to acquire Ryerson. Crain’s cites three sources with knowledge of the auction.
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