AI
Friday, November 16, 2012 1:46:25 PM
Thursday, November 15
ATW
7:32 PM More on Atwood Oceanics (ATW): FQ4 blows out both top and and bottom line estimates as total revenue jumps 42% Y/Y. Drilling revenues were strong, with company bringing two new rigs on line during the quarter: the Attwood Mako and the Atwood Condor in the Gulf of Mexico. Shares +5% AH. Comment!
PENN
6:09 PM Penn National Gaming (PENN) plans to split in two, separating its real estate assets from its operating assets via a publicly traded REIT and distribution of a $15.40/share dividend. PENN also says it submitted a proposal to Pennsylvania regulators for a $480M casino in Philadelphia. After a trading halt, shares +16.9% AH. 1 Comment
EMAN, ARUN
5:42 PM After-hours top gainers, as of 5:15 p.m.: EMAN +5.8%. ARUN +5.4%. KCG +4.2%. GPS +3.1%. VELT +2.9%.
After-hours top losers: AAT -9.2%. CUBE -7.4%. SINA -6.2%. CTRX -5.6%. SHLD -5.5%. Comment!
SHLD
5:40 PM More on Sears (SHLD): Q3 beats on all counts, but net losses widened as same-store sales continued to weaken and a tax-benefit helped skew year-ago results. A weak economy continues to hurt demand. In the latest period, overall domestic same-store sales declined 3.1%, while same-store sales slipped 1.6% at the Sears chain and 4.8% at Kmart. Sears Canada's same store sales also declined by 5.7%. Shares -6% AH. Comment!
GPS
5:24 PM More on Gap (GPS): Q3 earnings came in line on a per share basis but beat on revenue as total sales increased 8% over the prior year. Net profit jumped 60% on stronger margins and growing same-store sales in North America. Gross margin widened to 41.2% from 36.7% as input costs remained steady, but operating expenses rose 11%. The company raised its FY12 earnings view, now seeing $2.20 to $2.25 a share, up from its August view of $1.95 to $2.00. Shares +3% AH. Comment!
ARUN
5:14 PM Aruba Networks (ARUN) guides on its FQ1 call for FQ2 revenue of $150M-$153M and EPS of $0.19 - the latter is only in-line, but the former is above a $148.9M consensus. Shares +5.2% AH. Both Aruba and archrival Cisco are seeing strong enterprise and service provider Wi-Fi demand. This could bode well for Ruckus Wireless, which is set to go public under the symbol RKUS. Comment!
DVAX
5:12 PM Dynavax Technologies (DVAX) plummets over 60% in heavy volume after-hours following the stock's release from a trading halt. Earlier, the company announced that the FDA Vaccines Advisory Committee had voted 13-1 that Heplisav data adequately demonstrated immunogenicity, but the committee also voted 8-5 with one abstention that there was insufficient data to adequately support the safety of the drug. 2 Comments
SINA
4:50 PM More on SINA (SINA): Q3 beats on both EPS and revenue expectations as total revenue increase by 18% Y/Y. The company lowers Q4 guidance however, on a decline in non-advertising revenues due to new operator policies to reduce customer complaints. It now sees revenue between $132M - $136M. The Street view is for $155M in revenue. Shares -2% AH. Comment!
SINA
4:35 PM Sina (SINA): Q3 EPS of $0.17 beats by $0.06. Revenue of $147.7M (+18% Y/Y) beats by $1.7M. Shares -8.5% AH. (PR) Comment!
COGO
4:25 PM Cogo Group (COGO): Q3 EPS of $0.11 misses by $0.04. Revenue of $216.4M (+47.8% Y/Y) beats by $12M. Shares +11% AH. (PR) Comment!
SHLD
4:21 PM Sears (SHLD): Q3 EPS of -$1.99 beats by $0.19. Revenue of $8.86B beats by $270M. Shares -4.3% AH. (PR) 2 Comments
HAYN
4:15 PM Haynes International (HAYN): FQ4 EPS of $1.04 misses by $0.07. Revenue of $150.3M beats by $7M. Shares +1.3% AH. (PR) Comment!
MRVL
4:09 PM Marvell Technology Group (MRVL): Q3 EPS of $0.20 in-line. Revenue of $780.9M (-18% Y/Y) beats by $6M. Shares +2.6% AH. (PR) Comment!
ARUN
4:07 PM Aruba Networks (ARUN): FQ1 EPS of $0.18 beats by $0.01. Revenue of $144.5M (+21% Y/Y) beats by $2M. Shares +1.8% premarket. (PR) Comment!
ADSK
4:03 PM Autodesk (ADSK): Q3 EPS of $0.47 beats by $0.04. Revenue of $548M (flat% Y/Y) misses by $12M. Shares -6.5% AH. (PR) Comment!
GPS
4:02 PM Gap (GPS): Q3 EPS of $0.63 in-line. Revenue of $3.86B (+8% Y/Y) beats by $40M. Shares +2.8% AH. (PR) Comment!
DDD, SSYS
4:00 PM 3D Systems (DDD -9.1%) is finishing with big losses yet again. Shares are down 18% on the week, thanks in no small part to accounting concerns. Stratasys (SSYS -2.6%) is also lower. A CNET column this morning discussed remarks from industry experts about the future of 3D printing. "We're still living in a bubble a little bit," declared the CEO of 3D printing marketplace Shapeways, due to the fact the average person still isn't aware of what 3D printers can accomplish. 4 Comments
SAVE
3:59 PM Spirit Airlines (SAVE +8.2%) is raised to Outperform by Raymond James, which thinks worries about the impact of Hurricane Sandy are overblown and that Street estimates are now more reasonable. The firm likes SAVE’s strategy of entering high density markets controlled by legacy carriers, and using its lower cost structure to cut average fares by ~25% while realizing a ~13% operating margin. Comment!
CALI
3:56 PM Shares of China Auto Logistics (CALI +45%) soar today after the seller of luxury imported automobiles in China reported a 78.3% year-over-year increase in Q3 sales. Automobile Sales revenues jumped by 83.4%, led by a 130% jump in Luxury Auto sales, while Financing Services sales rose by 22%.
ATW
7:32 PM More on Atwood Oceanics (ATW): FQ4 blows out both top and and bottom line estimates as total revenue jumps 42% Y/Y. Drilling revenues were strong, with company bringing two new rigs on line during the quarter: the Attwood Mako and the Atwood Condor in the Gulf of Mexico. Shares +5% AH. Comment!
PENN
6:09 PM Penn National Gaming (PENN) plans to split in two, separating its real estate assets from its operating assets via a publicly traded REIT and distribution of a $15.40/share dividend. PENN also says it submitted a proposal to Pennsylvania regulators for a $480M casino in Philadelphia. After a trading halt, shares +16.9% AH. 1 Comment
EMAN, ARUN
5:42 PM After-hours top gainers, as of 5:15 p.m.: EMAN +5.8%. ARUN +5.4%. KCG +4.2%. GPS +3.1%. VELT +2.9%.
After-hours top losers: AAT -9.2%. CUBE -7.4%. SINA -6.2%. CTRX -5.6%. SHLD -5.5%. Comment!
SHLD
5:40 PM More on Sears (SHLD): Q3 beats on all counts, but net losses widened as same-store sales continued to weaken and a tax-benefit helped skew year-ago results. A weak economy continues to hurt demand. In the latest period, overall domestic same-store sales declined 3.1%, while same-store sales slipped 1.6% at the Sears chain and 4.8% at Kmart. Sears Canada's same store sales also declined by 5.7%. Shares -6% AH. Comment!
GPS
5:24 PM More on Gap (GPS): Q3 earnings came in line on a per share basis but beat on revenue as total sales increased 8% over the prior year. Net profit jumped 60% on stronger margins and growing same-store sales in North America. Gross margin widened to 41.2% from 36.7% as input costs remained steady, but operating expenses rose 11%. The company raised its FY12 earnings view, now seeing $2.20 to $2.25 a share, up from its August view of $1.95 to $2.00. Shares +3% AH. Comment!
ARUN
5:14 PM Aruba Networks (ARUN) guides on its FQ1 call for FQ2 revenue of $150M-$153M and EPS of $0.19 - the latter is only in-line, but the former is above a $148.9M consensus. Shares +5.2% AH. Both Aruba and archrival Cisco are seeing strong enterprise and service provider Wi-Fi demand. This could bode well for Ruckus Wireless, which is set to go public under the symbol RKUS. Comment!
DVAX
5:12 PM Dynavax Technologies (DVAX) plummets over 60% in heavy volume after-hours following the stock's release from a trading halt. Earlier, the company announced that the FDA Vaccines Advisory Committee had voted 13-1 that Heplisav data adequately demonstrated immunogenicity, but the committee also voted 8-5 with one abstention that there was insufficient data to adequately support the safety of the drug. 2 Comments
SINA
4:50 PM More on SINA (SINA): Q3 beats on both EPS and revenue expectations as total revenue increase by 18% Y/Y. The company lowers Q4 guidance however, on a decline in non-advertising revenues due to new operator policies to reduce customer complaints. It now sees revenue between $132M - $136M. The Street view is for $155M in revenue. Shares -2% AH. Comment!
SINA
4:35 PM Sina (SINA): Q3 EPS of $0.17 beats by $0.06. Revenue of $147.7M (+18% Y/Y) beats by $1.7M. Shares -8.5% AH. (PR) Comment!
COGO
4:25 PM Cogo Group (COGO): Q3 EPS of $0.11 misses by $0.04. Revenue of $216.4M (+47.8% Y/Y) beats by $12M. Shares +11% AH. (PR) Comment!
SHLD
4:21 PM Sears (SHLD): Q3 EPS of -$1.99 beats by $0.19. Revenue of $8.86B beats by $270M. Shares -4.3% AH. (PR) 2 Comments
HAYN
4:15 PM Haynes International (HAYN): FQ4 EPS of $1.04 misses by $0.07. Revenue of $150.3M beats by $7M. Shares +1.3% AH. (PR) Comment!
MRVL
4:09 PM Marvell Technology Group (MRVL): Q3 EPS of $0.20 in-line. Revenue of $780.9M (-18% Y/Y) beats by $6M. Shares +2.6% AH. (PR) Comment!
ARUN
4:07 PM Aruba Networks (ARUN): FQ1 EPS of $0.18 beats by $0.01. Revenue of $144.5M (+21% Y/Y) beats by $2M. Shares +1.8% premarket. (PR) Comment!
ADSK
4:03 PM Autodesk (ADSK): Q3 EPS of $0.47 beats by $0.04. Revenue of $548M (flat% Y/Y) misses by $12M. Shares -6.5% AH. (PR) Comment!
GPS
4:02 PM Gap (GPS): Q3 EPS of $0.63 in-line. Revenue of $3.86B (+8% Y/Y) beats by $40M. Shares +2.8% AH. (PR) Comment!
DDD, SSYS
4:00 PM 3D Systems (DDD -9.1%) is finishing with big losses yet again. Shares are down 18% on the week, thanks in no small part to accounting concerns. Stratasys (SSYS -2.6%) is also lower. A CNET column this morning discussed remarks from industry experts about the future of 3D printing. "We're still living in a bubble a little bit," declared the CEO of 3D printing marketplace Shapeways, due to the fact the average person still isn't aware of what 3D printers can accomplish. 4 Comments
SAVE
3:59 PM Spirit Airlines (SAVE +8.2%) is raised to Outperform by Raymond James, which thinks worries about the impact of Hurricane Sandy are overblown and that Street estimates are now more reasonable. The firm likes SAVE’s strategy of entering high density markets controlled by legacy carriers, and using its lower cost structure to cut average fares by ~25% while realizing a ~13% operating margin. Comment!
CALI
3:56 PM Shares of China Auto Logistics (CALI +45%) soar today after the seller of luxury imported automobiles in China reported a 78.3% year-over-year increase in Q3 sales. Automobile Sales revenues jumped by 83.4%, led by a 130% jump in Luxury Auto sales, while Financing Services sales rose by 22%.
My post is for my entertainment, do your own DD before pushing your
buy/sell buttons
Discover What Traders Are Watching
Explore small cap ideas before they hit the headlines.
