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Lakeland Industries, Inc. (NASDAQ: LAKE) 24% LOWER; several material developments, including a potential credit line default.
Heckmann (NYSE: HEK) 10% HIGHER; reported Q4 EPS of $0.03, $0.05 better than the analyst estimate of ($0.02). Revenue for the quarter came in at $113.2 million versus the consensus estimate of $105.62 million. Heckmann sees FY2013 revenue of $750-825 million, versus the consensus of $779.81 million.
iRobot Corp. (NASDAQ: IRBT) 9% HIGHER; announced the appointment of Alison Dean as executive vice president and chief financial officer.
BioScrip, Inc. (NASDAQ: BIOS) 8% HIGHER; reported Q4 EPS of $0.04, $0.03 better than the analyst estimate of $0.01. Revenue for the quarter came in at $180.7 million versus the consensus estimate of $173.87 million. BioScrip, Inc. sees FY2013 revenue of $830-$865 million, versus the consensus of $789.95 million.
VeriFone Systems, Inc. (NYSE: PAY) 7% HIGHER; announced that Douglas G. Bergeron is stepping down as Chief Executive Officer and member of the Board of Directors, effective March 12. VeriFones Chairman, Richard McGinn, has been named Interim CEO and continues as a member of the Board; Leslie Denend has been named Interim Chairman.
Yum! Brands, Inc. (NYSE: YUM) 6% HIGHER; first quarter same-store sales declined an estimated 20% for the China Division, versus the estimate of a drop of 25%. This included estimated declines of 24% at KFC and 2% at Pizza Hut Casual Dining. February same-store sales growth was approximately 2% for the China Division, including flat same-store sales at KFC and 13% growth at Pizza Hut Casual Dining.
Stewart Enterprises, Inc. (NASDAQ: STEI) 4% HIGHER; reported Q4 EPS of $0.18, $0.05 better than the analyst estimate of $0.13. Revenue for the quarter came in at $135.68 million versus the consensus estimate of $129.94 million.
Emeritus Corporation (NYSE: ESC) 3% LOWER; has launched a secondary public offering of common shares pursuant to a shelf registration statement on Form S-3 filed today with the Securities and Exchange Commission (the “SEC”) on behalf of certain selling shareholders for the offering of 7,973,600 common shares. Shares are being sold by AREA Property Partners, on behalf of funds they manage, our CEO and President, Granger Cobb, funds associated with Directors Daniel Baty and Stan Baty, and by Ray Brandstrom. In addition, the Company will grant the underwriters a 30-day option to purchase up to an additional 1,196,040 common shares. Any proceeds from the exercise of the underwriter’s option will be used for general corporate purposes, which may include repayment of outstanding debt.
U.S. Silica Holdings, Inc. (NYSE: SLCA) 3% LOWER; announced that a selling stockholder, GGC USS Holdings, LLC, an affiliate of Golden Gate Capital, has agreed to sell 8,500,000 shares of U.S. Silica common stock in an underwritten offering. The underwriters will be granted a 30-day option to purchase up to an additional 1,275,000 shares of common stock. U.S. Silica will not sell any shares in the offering and will not receive any proceeds from the offering.
Urban Outfitters, Inc. (NASDAQ: URBN) 2% LOWER; reported Q4 EPS of $0.56, 1 cent below the consensus of $0.57 reported last year. Revenue for the quarter came in at $857 million versus the consensus estimate of $848.2 million.
Lexington Realty Trust (NYSE: LXP) 2% LOWER; commenced an underwritten registered public offering of 15,000,000 common shares. In connection with the offering, Lexington intends to grant the underwriters of the offering a 30-day option to purchase up to an additional 2,250,000 common shares.
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