Streetinsider.com Pre-Open Movers 06/27: (CERE) (PRGS) (KBH) Higher; (SIR) (WGO) (DTV) Lower (more...)

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Ceres, Inc. (NASDAQ: CERE) 13% HIGHER; Traders again position ahead of sweet sorghum yields catalyst.

GT Advanced Tech (NASDAQ: GTAT) 9% HIGHER; Canaccord Genuity upgraded from Hold to Buy with a price target of $5.00

Progress Software Corp (NASDAQ: PRGS) 8.9% HIGHER; reported Q2 EPS of $0.27, $0.05 better than the analyst estimate of $0.22. Revenue for the quarter came in at $81.7 million versus the consensus estimate of $79.04 million. Also, announced a $100 million stock buyback plan.

Select Income REIT (NYSE: SIR) 6.4% LOWER; announced that it priced a public offering of 10,500,000 common shares at a price to the public of $28.25 per share.

Herman Miller, Inc. (NASDAQ: MLHR) 4.45% LOWER; reported Q4 EPS of $0.43, $0.07 better than the analyst estimate of $0.36. Revenue for the quarter came in at $460 million versus the consensus estimate of $440.2 million. Herman Miller, Inc. sees Q1 2013 EPS of $0.36-0.41 vs the consensus of $0.46. Herman Miller, Inc. sees Q1 2013 revenue of $455-$475 vs $440.3 million.

DIRECTV (Nasdaq: DTV) 4.3% LOWER; The Company has determined that, beginning in 2012, certain employees of Sky Brasil directed activities which are inconsistent with Sky Brasil's authorized policies for subscriber retention and churn management. These activities, which included improperly crediting various subscriber accounts to reduce or eliminate balances owed by such subscribers, had the effect of artificially reducing churn and increasing the Sky Brasil subscriber base during portions of 2012 and 2013.

Winnebago Industries, Inc. (NYSE: WGO) 4% HIGHER; reported Q3 EPS of $0.27, in-line with the analyst estimate of $0.27. Revenue for the quarter came in at $218.2 million versus the consensus estimate of $197.78 million.

Paychex, Inc. (NASDAQ: PAYX) 3% LOWER; reported Q4 adjusted EPS of $0.38, in-line with the analyst estimate of $0.38. Revenue for the quarter came in at $575.3 million versus the consensus estimate of $585.96 million.

Clearwire Corporation (NASDAQ: CLWR) 2.2% LOWER; DISH Network Corporation (Nasdaq: DISH) announced that its wholly-owned subsidiary, DISH Acquisition Holding Corporation, is withdrawing its tender offer to acquire all of the outstanding shares of Class A Common Stock of Clearwire Corporation, including any shares of Class A Common Stock issued in respect of outstanding shares of Class B Common Stock, for $4.40 per share. DISH’s tender offer provided that it could be withdrawn, among other reasons, as a result of the recent change in recommendation by Clearwire.

KB Home (NYSE: KBH) 2.1% HIGHER; reported Q2 EPS of ($0.04), $0.03 better than the analyst estimate of ($0.07). Revenue for the quarter came in at $524.4 million versus the consensus estimate of $450.8 million.

BGC Partners, Inc. (Nasdaq: BGCP) 1.7% HIGHER;

expects its financial results for the second quarter of 2013 to be towards the higher end of the range of its previously stated guidance for revenues and earnings. The Company's second quarter outlook was first published in its financial results press release dated May 2, 2013, and was as follows: * The Company expected to generate distributable earnings revenues of between approximately $435 million and $465 million compared with $465.1 million. * BGC Partners expected pre-tax distributable earnings to be between approximately $42 million and $53 versus $55.9 million. * BGC Partners anticipated its effective tax rate for distributable earnings to be approximately 15 percent compared with 14.5 percent. ** The Street sees Q213 revs of $460.9 million and EPS of $0.13.

BlackBerry (NASDAQ: BBRY) 1.7% HIGHER; up ahead of Friday's results.

Bed Bath & Beyond, Inc. (NASDAQ: BBBY) 0.5% LOWER; reported Q1 EPS of $0.93, in-line with the analyst estimate of $0.93. Revenue for the quarter came in at $2.61 billion versus the consensus estimate of $2.6 billion. Comparable store sales in the fiscal first quarter of 2013 increased by approximately 3.4%, compared with an increase of approximately 3.0% in last year's fiscal first quarter. Bed Bath & Beyond, Inc. is modeling net earnings per diluted share to be approximately $1.11 to $1.16 for the fiscal second quarter of 2013 and, consistent with the prior estimate, to be approximately $4.84 to $5.01 for the full year, which will include Cost Plus, Inc. and Linen Holdings for all of fiscal 2013. The street sees Q214 EPS of $1.14 and FY14 EPS of $5.02.

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