Lakeland Industries, Inc. (NASDAQ: LAKE) 24% LOWER; several material developments, including a potential credit line default.
Glu Mobile Inc. (Nasdaq: GLUU) 23% HIGHER; announced the availability of the company’s first real-money mobile gambling offering through Probability plc, the mobile entertainment gambling provider. The mobile slot game features intellectual property from Glu’s popular Samurai vs. Zombies Defense and is made available to mobile real-money gamers in the UK through Probability’s distribution network.
Alphatec Holdings, Inc. (NASDAQ: ATEC) 20% HIGHER; received clearance from the FDA to market and sell its unique and patented Alphatec Solus internal fixation anterior lumbar interbody fusion (ALIF) device. The device’s 510(K) application was filed with the FDA during the fourth quarter of 2012.
OCZ Technology Group, Inc. (NASDAQ: OCZ) 15% HIGHER; announced that it has entered into a $30 million loan and security agreement with Hercules Technology Growth Capital, Inc. (NASDAQ: HTGC). This loan agreement consists of a $15 million term loan and a $15 million revolving loan facility.
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.
FuelCell Energy, Inc. (NASDAQ: FCEL) 7% LOWER; reported Q1 EPS of ($0.07), $0.03 worse than the analyst estimate of ($0.04). Revenue for the quarter came in at $36.4 million versus the consensus estimate of $34.79 million. Backlog totaled $428.1 million at January 31, 2013 compared to $318.9 million at October 31, 2012.
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.
Yandex N.V. (Nasdaq: YNDX) 6% LOWER; announced the commencement of an underwritten public offering of an aggregate of 24,253,987 Class A shares by existing shareholders BC&B Holdings B.V., Belka Holdings Limited, Ilya Segalovich and Emerald Trust. The selling shareholders have also granted the underwriters of the offering an option for 30 days to purchase up to an additional 2,425,399 Class A shares. Yandex will not receive any proceeds from the offering.
RadioShack Corp. (NYSE: RSH) 6% LOWER; Downgraded to Sell at Goldman Sachs
Cabelas, Inc. (NYSE: CAB) 5% HIGHER; provided its outlook for the first quarter of 2013. First quarter earnings per diluted share are expected to be $0.10 to $0.15 above current external consensus estimates.
Merck (NYSE: MRK) 4% HIGHER; said that the Data Safety Monitoring Board (DSMB) of the IMPROVE-IT trial has completed its planned review of study data and recommended that the study continue
AVG Technologies (NYSE: AVG) 4% LOWER; Morgan Stanley downgraded from Overweight to Equalweight.
Diamond Foods, Inc. (NASDAQ: DMND) 4% LOWER; reported Q2 EPS of $0.05, $0.01 worse than the analyst estimate of $0.06. Revenue for the quarter came in at $220.8 million versus the consensus estimate of $239.03 million.
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.
DryShips, Inc. (NASDAQ: DRYS) 2% LOWER; Imperial Capital downgrades to Underperform.
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.
Cliffs Natural Resources Inc. (NYSE: CLF) 2% HIGHER; expects to idle its Wabush Pointe Noire pellet plant within the city of Sept-Iles in Quebec by the end of the second quarter of 2013. The Company indicated that its decision to idle its iron ore pellet operation is due to high production costs and lower pellet premium pricing which is expected to persist in certain markets during the year.
Dick’s Sporting Goods Inc. (NYSE: DKS) 2% HIGHER; Goldman upgrades to CL Buy
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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