Friday, April 28, 2006
Janus Capital Group Inc. (JNS) met expectations with first quarter earnings of 17 cents per share compared with 9 cents per share a year earlier. However, shares of the money management firm lost $1.11 to close at $19.46.
UnitedHealth Leads In Medicare Enrollment Numbers
UnitedHealth Group Inc. (UNH) has enrolled 3.8 million people in its new Medicare Part D plan, leading all other insurers in participant numbers. The stock price climbed $1.99 to $49.74.
Banking Stocks Upgraded
An analyst upgrade of the nation's largest banks lifted the stock price of Citigroup Inc. (C) by $1.80 to close at $49.95 while shares of JPMorgan Chase & Co. (JPM) rose $1.43 to close at $45.38.
First quarter income for Cogent Inc. (COGT) fell to 7 cents per share from 11 cents per share last year, 2 cents short of expectations. The stock price tumbled $1.77 to close at $16.36.
McAfee Inc. (MFE) beat expectations by 7 cents to report first quarter earnings that rose to 25 cents per share from 21 cents per share in the year ago period. Shares of the security software maker gained $1.51 to $26.09.
Openwave Reverses Losses
Openwave Systems Inc. (OPWV) reversed losses to report third quarter income of 10 cents per share compared with losses of 4 cents per share a year earlier. However, the stock price dropped $1.90 to $18.61.
Thursday, April 27, 2006
Fidelity To Become Two Companies
Fidelity National Financial Inc. (FNF) announced plans to split the company into two publicly traded companies. Shares of the insurance services firm leaped $8.51 to close at $43.50.
Xilinx Earnings Surge
Analysts upgraded Xilinx Inc. (XLNX) after the programmable chip maker reported fourth quarter earnings that surged to 32 cents per share from 19 cents per share in the year ago period. The stock price gained $1.67 to close at $28.24.
XM Satellite Radio Widens Losses
XM Satellite Radio Holdings Inc. (XMSR) widened first quarter losses to 60 cents per share from 58 cents per share a year earlier. The company also disclosed that the Federal Trade Commission was investigating its marketing practices. The stock price tumbled $1.21 to close at $20.80.
Two Executives Retire From Aetna
Aetna Inc. (AET) reported first quarter income that rose to 68 cents per share from 64 cents per share in the year ago period. However, the stock price plummeted $9.43 to close at $37.00 after the nation's largest health insurer announced the retirement of two executives.
Although first quarter earnings for Celgene Corp. (CELG) dropped to 4 cents per share from 13 cents per share last year, adjusted earnings were nearly double that of last year sending the stock price surging $4.69 to $42.39.
Amkor Technology Reverses Losses
Amkor Technology Inc. (AMKR) cited strong sales for reversing first quarter losses to report earnings of 20 cents per share compared with losses of 68 cents per share a year earlier. The stock price jumped $1.40 to close at $12.45.
Wednesday, April 26, 2006
Lear Reports Higher Income
Lear Corp. (LEA) reported first quarter income that rose to 26 cents per share from 23 cents per share in the year ago period. Shares of the auto parts company soared $3.08 to close at $25.10.
LifeCell Earnings Beat Expectations
First quarter earnings for LifeCell Corp. (LIFC) rose to 12 cents per share from 7 cents per share last year, beating expectations by 3 cents. The upbeat results prompted the skin graft materials maker to lift its fiscal 2006 forecast sending the stock price surging $3.41 to close at $26.73.
Income Rises For Valero
Valero Energy Corp. (VLO) attributed higher margins for lifting first quarter income to $1.32 per common share from 96 cents per common share a year earlier. However, the stock price dropped $3.20 to close at $63.10.
Earnings Soar For Tellabs
Strong sales lifted first quarter earnings for Tellabs Inc. (TLAB) to 11 cents per share from less than a penny per share last year. The stock price climbed $1.28 to close at $17.09.
Sanmina-SCI Cuts Losses
Improved margins helped Sanmina-SCI Corp. (SANM) cut second quarter losses to 20 cents per share compared with $1.99 per share a year earlier prompting an analyst upgrade. Shares of the electronic manufacturing services firm leaped $1.05 to close at $5.09.
RF Micro Devices Slashes Losses
RF Micro Devices Inc. (RFMD) slashed its fourth quarter loss to a penny per share from losses of 34 cents per share in the year ago period as revenue surged. Analysts upgraded the chipmaker sending the stock price up $1.16 to close at $9.44.
Tuesday, April 25, 2006
Coach Outlook Disappoints
Although Coach Inc. (COH) beat expectations by a penny to report third quarter earnings of 28 cents per share compared with 21 cents per share last year, the stock price tumbled $2.34 to close at $32.86 after the company forecast fourth quarter revenue below expectations.
Smurfit-Stone Widens Losses
Smurfit-Stone Container Corp. (SSCC) blamed higher expenses for first quarter losses that widened to 25 cents per share from 7 cents per share in the year ago period. Shares of the paperboard and packaging materials manufacturer plunged $1.43 to close at $13.20.
CNET Swings To Loss
CNET Networks Inc. (CNET) reported first quarter losses of a penny per share compared with break even results a year earlier. The disappointing results prompted the media company to lower its full year forecast sending the stock price plummeting $2.55 to close at $10.72.
Delays For Discovery Lab's Surfaxin
Shares of Discovery Laboratories Inc. (DSCO) plummeted $2.49 to close at $2.20 after the Food and Drug Administration requested additional process validation for the company's premature infant lung disease treatment Surfaxin.
Zoran Reverses Losses
Zoran Corp. (ZRAN) reversed losses to report first quarter income of 43 cents per share compared with losses of 43 cents per share last year. The company forecast second quarter results above expectations sending the stock price surging $6.50 to close at $29.13.
Millipore To Acquire Serologicals
Millipore Corp. (MIL) entered a $1.4 billion all cash deal to purchase Serologicals Corp. (SERO). Shares of Serologicals leaped $7.83 to close at $31.15 while Millipore stock jumped $5.90 to close at $75.25.
Monday, April 24, 2006
Silicon Laboratories Earnings Drop
Silicon Laboratories Inc. (SLAB) blamed higher expenses for first quarter earnings that tumbled to 19 cents per share from 31 cents per share a year earlier. The stock price plummeted $6.05 to close at $50.18.
Bill Gates Acquires Stake in Pacific Ethanol
Reports that Microsoft chairman and the richest man in the world Bill Gates acquired a 25.5% stake in Pacific Ethanol Inc. (PEIX) sent shares of the corn fuel distributor up $2.88 to close at $33.00.
Apple Unveils New Notebook
Apple Computer Inc. (AAPL) unveiled its new MacBook Pro notebook with a 17 inch screen that runs on an Intel Corp. (INTC) Core Duo 2.16 gigahertz processor. Shares of Apple lost $1.29 to close at $65.75 while Intel stock eased 15 cents to close at $18.91.
Rambus Wins Lawsuit
Shares of Rambus Inc. (RMBS) leaped $5.90 to close at $44.50 after the chip maker won $306.5 million from Hynix Semiconductor for patent infringement.
Caterpillar Inc. (CAT) beat expectations by an impressive 14 cents to report first quarter earnings of $1.20 per share compared with 81 cents per share last year prompting the company to lift its full year forecast. However, the stock price edged down 49 cents to close at $77.38 after analysts commented that the upbeat results are not sustainable.
Washington Mutual To Buy Commercial Capital
Washington Mutual Inc. (WM) announced a $983 million deal to acquire Commercial Capital Bancorp Inc. (CCBI). Meanwhile, Commercial Capital reported first quarter income that dropped to 24 cents per share from 40 cents per share in the year ago period. Shares of Commercial Capital rose $1.54 to close at $15.69 while Washington Mutual stock eased 56 cents to close at $44.45.
Friday, April 21, 2006
Dell Loses Market Share
Analysts downgraded Dell Computer Inc. (DELL) after a survey revealed that the world's largest computer maker lost market share in the first quarter. The stock price fell $1.23 to close at $27.01.
TXU To Build New Generators
TXU Corp. (TXU) announced plans to build 11 coal power generators and to launch a renewable energy unit. The company anticipates creating 21,000 permanent positions and 40,000 temporary ones to complete the projects. The stock price climbed $3.83 to close at $52.43.
Sierra Wireless Swings To Profit
Sierra Wireless Inc. (SWIR) swung to a first quarter profit of 10 cents per share from a loss of 30 cents per share a year earlier. The stock price soared $3.98 to close at $17.93.
Shares of SanDisk Corp. (SNDK) tumbled $5.49 to close at $60.05 after reporting first quarter earnings that dropped to 17 cents per share from 39 cents per share in the year ago period.
Poor Sales Weigh Down Affymetrix
First quarter earnings for Affymetrix Inc. (AFFX) plunged to 3 cents per share from 24 cents per share last year due to disappointing sales. Shares of the biotechnology firm plummeted $4.85 to close at $29.03.
Google Earnings Soar
With its soaring advertising revenue, first quarter income for Google Inc. (GOOG) rose to $1.95 per share from $1.29 per share a year earlier. Lehman Brothers to raised its price target for the Internet search engine to $530 sending the stock soaring $22.10 to close at $437.10.
Thursday, April 20, 2006
Avici Narrows Losses
Avici Systems Inc. (AVCI) narrowed first quarter losses to 41 cents per share from 44 cents per share last year. The stock price jumped $3.67 to $8.02.
Rumors Of Lawsuit Loss For Rambus
Rumors that Rambus Inc. (RMBS) lost its patent infringement lawsuit against Hynix Semiconductor sent shares of the company plunging $8.10 to $38.50. No verdict has been reached in the case yet.
Juniper Networks Sees Lower Revenues
Juniper Networks Inc. (JNPR) met expectations with first quarter income of 19 cents per share from 16 cents per share in the year ago period. However, the stock price tumbled $2.05 to $18.25 after the network equipment company forecast second quarter revenue below expectations.
MedImmune Inc. (MEDI) fell 4 cents short of expectations to report first quarter earnings that dropped to 18 cents per share from 45 cents per share a year earlier. Shares of the biotechnology firm plunged $4.17 to close at $31.17.
Swift Transportation Nearly Doubles Earnings
Swift Transportation Co. (SWFT) cited lower expenses for first quarter earnings that nearly doubled to 50 cents per share from 26 cents per share in the year ago period. Analysts upgraded the transportation company sending the stock price soaring $6.76 to close at $32.01.
PortalPlayer Chip Passed Over By Apple
Shares of PortalPlayer Inc. (PLAY) plummeted $9.46 to close at $13.13 after acknowledging that Apple Computer Inc. (AAPL) did not choose its latest PP5021 chip for flash-based iPods. Apple stock climbed $1.98 to close at $67.63.
Wednesday, April 19, 2006
Motorola Earnings Slip
Motorola Inc. (MOT) reported record revenue for the first quarter, but earnings slipped to 27 cents per share from 28 cents per share a year earlier because of slower margin growth. The stock price fell $1.59 to close at $22.49.
Amgen's Revenues Fall Short
Although Amgen Inc. (AMGN) reported first quarter income that rose to 82 cents per share from 67 cents per share last year, revenues missed expectations sending the stock price down $2.67 to close at $68.30.
Vitesse Investigates Option Grants
Vitesse Semiconductor Corp. (VTSS) placed three executives on leave while the chipmaker investigates prior stock option grants. The company also warned of the possibility of financial restatements. The stock price tumbled 63 cents to close at $2.48.
Knight Capital's Earnings Impress
First quarter earnings for Knight Capital Group Inc. (NITE) jumped to 47 cents per share from 5 cents per share a year earlier, beating expectations by an impressive 17 cents. Shares of the financial services firm gained $2.78 to close at $17.16.
Yahoo Meets Expectations
Yahoo Inc. (YHOO) met expectations with first quarter earnings of 11 cents per share compared with 14 cents per share in the year ago period. The stock price climbed $2.24 to $33.54.
Tuesday, April 18, 2006
MEMC Signs Solar Wafer Deal
MEMC Electronic Materials Inc. (WFR) secured an 8-year deal to supply solar wafers to Motech Industries sending the stock price soaring $4.54 to close at $41.40.
Record Revenues Lift RSA
Although RSA Security Inc. (RSAS) reported first quarter earnings that slipped to 7 cents per share from 10 cents per share a year earlier, adjusted earnings beat expectations. The stock price gained $3.73 to close at $20.55.
New Initiatives For Sharper Image
Fourth quarter earnings for Sharper Image Corp. (SHRP) tumbled to 42 cents per share from $1.01 per share in the year ago period, a penny shy of expectations. However, the stock price climbed $1.92 to close at $14.67 after analysts expressed confidence in new corporate initiatives to return to profitability.
Travelzoo Earnings Impress
First quarter earnings for Travelzoo Inc. (TZOO) more than doubled to 24 cents per share from 10 cents per share in the year ago period. Shares of the online travel service leaped $8.62 to close at $28.60.
Flir Systems Warns Results Will Disappoint
Delayed shipments prompted Flir Systems Inc. (FLIR) to warn that first quarter results would disappoint. Analysts downgraded the thermal imaging system maker sending the stock price plunging $3.36 to close at $26.39.
Income Rises For Pharmaceutical Product
Shares of Pharmaceutical Product Developmental Inc. (PPDI) jumped $3.94 to close at $37.55 after reporting first quarter income that rose to 35 cents per share from 29 cents per share a year earlier.
Monday, April 17, 2006
Rising Metal Prices Lift Metal Stocks
Metal prices climbed lifting metal related stocks higher with Newmont Mining Corp. (NEM) soaring $3.20 to close at $56.07. Freeport McMoran Copper & Gold Inc. (FCX) rose $1.64 to close at $65.19 while Phelps Dodge Corp. (PD) climbed $2.07 to close at $87.48.
Oil Stocks Climb
Shares of oil companies surged as crude oil settled at a new record of $70.40 a barrel. Blue Dolphin Energy Co. (BDCO) stock climbed $1.81 to close at $7.99 while shares of Occidental Petroleum Corp. (OXY) leaped $4.94 to close at $101.25. The stock price of Valero Energy Corp. (VLO) rose $1.35 to close at $65.65.
Fourth Quarter Earnings Up For Infosys
Infosys Technologies Ltd. (INFY) reported fourth quarter earnings that rose to 54 cents per shares from 46 cents per share in the year ago period. Shares of the Indian software firm leaped $9.80 to close at $84.78.
Airline Stocks Fall As Oil Rises
As oil prices briefly hit $70 a barrel, airline stocks tumbled. American Airlines parent company AMR Corp. (AMR) dropped $2.27 to close at $23.63 while shares of Continental Airlines Inc. (CAL) lost $2.95 to close at $24.42. JetBlue Airways Corp. (JBLU) fell 93 cents to $9.47.
Newpark Investigates Accounting Irregularities
Newpark Resources Inc. (NR) suspended Chief Financial Officer Matthew W. Hardey along with two executives and launched an internal investigation into accounting irregularities at one of the company's subsidiaries. The stock price plunged $1.28 to close at $6.14.
Bookham Sees Lower Margins
Although Bookham Inc. (BKHM) reaffirmed its third quarter revenue outlook, the optical components maker slashed its gross margins sending the stock price tumbling $2.36 to close at $6.38.
TiVo Awarded Nearly $74 Million
TiVo Inc. (TIVO) won nearly $74 million in a patent infringement lawsuit it brought against EchoStar Communications Corp. (DISH), parent company of Dish satellite. Shares of Tivo rose 60 cents to close at $8.65 while EchoStar stock edged up 7 cents to close at $30.04.
Thursday, April 13, 2006
Aspreva Raises Forecast
Shares of Aspreva Pharmaceuticals Corp. (ASPV) leaped $4.41 to $27.95 after the company raised its first quarter revenue forecast.
New Medicare Rules Cut Reimbursements
The U. S. Centers for Medicare and Medicaid Services released proposed rules for 2007 and 2008 which would cut reimbursements for certain heart surgeries sending shares of medical device makers tumbling. Medtronic Inc. (MDT) stock dropped $1.11 to close at $49.93 while shares of Boston Scientific Corp. (BSX) lost 61 cents to close at $21.55. The stock price of St. Jude Medical Inc. (STJ) fell 95 cents to close at $35.90.
Market Share Concerns Weigh Down AMD
Advanced Micro Devices Inc. (AMD) reversed losses to report first quarter earnings of 38 cents per share compared with losses of 4 cents per share in the year ago period, surpassing expectations by an impressive 8 cents. However, the stock price plunged $3.62 to close at $31.80 over concerns that the company's gains in market share will slow.
Universal Technical Warns Of Shortfall
Weak student enrollment numbers prompted Universal Technical Institute Inc. (UTI) to warn that second quarter revenues would fall short of expectations. The stock price plummeted $5.47 to close at $23.88.
SanDisk Added To S&P 500
Standard & Poor's announced that SanDisk Corp. (SNDK) will replace Chiron Corp. (CHIR), which is being acquired by Novartis AG (NVS), on the S&P 500 Index. Shares of SanDisk climbed $2.43 to close at $61.90 while Chiron stock edged up 2 cents to close at $47.94. Novartis stock eased 5 cents to $55.81.
Lam Research's Earnings Impress
Lam Research Corp. (LRCX) beat expectations by 3 cents to report third quarter earnings of 60 cents per share compared with 41 cents per share in the year ago period. Shares of the semiconductor equipment maker soared $2.06 to close at $46.77.
Wednesday, April 12, 2006
Pixelplus Slashes Outlook
Shares of Pixelplus Co. Ltd. (PXPL) plunged $2.72 to close at $4.58 after South Korean semiconductor maker slashed its first quarter revenue outlook.
Ceradyne Forecast Exceeds Expectations
Ceradyne Inc. (CRDN) forecast first quarter earnings above expectations sending the stock price soaring $4.69 to close at $51.88.
Datalink Swings To Profit
Datalink Corp. (DTLK) swung to a first quarter profit of 8 cents per share compared with a loss of 46 cents per share in the year ago period. The stock price surged $1.19 to close at $5.46.
Although Emulex Corp. (ELX) cut its third quarter guidance, Citigroup analyst Paul Mansky upgraded the stock sending shares of the storage network equipment maker up $1.47 to close at $18.27.
Danaher To Acquire Sybron
Danaher Corp. (DHR) entered a $2 billion all cash deal to acquire Sybron Dental Specialties Inc. (SYD) which will expand its reach into the medical technology field. Shares of the toolmaker edged up 60 cents to close at $65.95 while Sybron stock leaped $5.07 to close at $46.81.
Avid Technology Warns Of Earnings Shortfall
Avid Technology Inc. (AVID) warned that first quarter earnings would fall far short of expectations due to weak product sales. The stock price plummeted $6.14 to close at $37.31.
Tuesday, April 11, 2006
Columbia Sportwear Upgraded
Citigroup analyst Kate McShane upgraded Columbia Sportswear Co. (COLM) and recommended the stock in a client note. The stock price surged $3.53 to close at $56.60.
Pike Electric Will Break-Even
Pike Electric Corp. (PEC) blamed higher labor, insurance and fuel costs for forecasting break-even results for the third quarter. The stock price plunged $3.24 to close at $17.81.
Embarcadero Technologies Lowers Guidance
Weak sales prompted Embarcadero Technologies Inc. (EMBT) to lower its first quarter guidance sending the stock price tumbling $1.40 to close at $6.20.
Synaptics May Supply Track Wheels For iPods
Rumors that Synaptics Inc. (SYNA) secured a contract with Apple Computer Inc. (AAPL) to provide track wheels for the next generation iPods sent the stock price up $1.02 to close at $25.22. Shares of Apple slipped 68 cents to close at $67.99.
Bausch & Lomb Halts Solution Shipments
Bausch & Lomb Inc. (BOL) temporarily suspended shipments of a contact lens solution produced at its Greenville, S. C. plant as the Centers for Disease Control and Prevention investigates an outbreak of the fungal eye infection Fusarium keratitis. The stock price plummeted $8.41 to close at $49.03.
Monday, April 10, 2006
Inter-Tel Founder To Buy Company
Analysts upgraded Inter-Tel Inc. (INTL) after founder Steven Mihaylo offered to buy the company in cash. The stock price leaped $3.13 to close at $24.01.
Sanofi-Aventis Patent Stands
An appeals court reversed a lower court decision that invalidated Sanofi-Aventis' (SNY) patent for its blood thinner Lovenox. Shares of generic drug maker Teva Pharmaceutical Industries (TEVA) eased 17 cents to close at $39.73 while Momenta Pharmaceuticals Inc. (MNTA) dropped $2.18 to close at $15.46. Sanofi-Aventis stock gained 16 cents to close at $45.55.
SanDisk Names New Chairman And President
SanDisk Corp. (SNDK) named its chief executive officer Eli Harari to the position of chairman of the board of directors and appointed chief operating officer Sanjay Mehrotra as president. Shares of the flash memory card maker lost $1.86 to close at $59.16.
Host Marriott Buys 28 Starwood Hotels
Host Marriott Corp. (HMT) completed its acquisition of the first 28 of 35 hotels that it agreed to purchase from Starwood Hotels & Resorts Worldwide Inc. (HOT). On April 17, Host Marriott's name will become Host Hotels & Resort Inc. and the company will begin trading under the new ticker symbol HST on the New York Stock Exchange. Shares of Starwood plunged $13.44 to close at $54.64 while Host Marriott stock edged up 15 cents to close at $20.68.
OraLabs To Acquire First Equity Group
OraLabs Holding Corp. (OLAB) agreed to purchase First Equity Group Inc. OraLabs stock shot up $2.15 to close at $7.90.
Red Hat To Buy JBoss
Red Hat Inc. (RHAT) will pay up to $420 million in cash and stock to acquire privately held software firm JBoss. Shares of Red Hat surged $2.42 to close at $29.85.
Friday, April 07, 2006
Stanley Works Upgraded
Deutsche Bank analyst Nigel Coe upgraded The Stanley Works (SWK) on the strength of the company's growth potential. The stock price surged $2.12 to close at $52.42.
Laidlaw International Disappoints
Laidlaw International (LI) disappointed with earnings that fell 5 cents short of expectations. The bus transport line operator reported second quarter earnings that dropped to 34 cents per share from $2.28 per share a year earlier sending the stock price tumbling $2.28 to close at $26.10.
Morgan Stanley analyst Camron Ghaffari downgraded Intercontinental Exchange Inc. (ICE) and cut his price target for the stock after Chicago Mercantile Exchange Holdings Inc. (CME) partnered with New York Mercantile Exchange to compete against ICE. Shares of ICE plummeted $6.80 to close at $53.00 while CME stock leaped $25.09 to close at $480.50.
Internet Security Systems Downgraded
Analysts downgraded Internet Security Systems Inc. (ISSX) after the company forecast first quarter earnings below expectations. The stock price dropped $2.13 to close at $21.03.
Illumina Results To Exceed Expectations
Shares of Illumina Inc. (ILMN) surged $3.873 to close at $25.95 after announcing that first quarter earnings would exceed expectations. The company will release financial results after market close on April 18, 2006.
RIM's Forecast Disappoints
Research In Motion Ltd. (RIMM) reversed losses to report fourth quarter net income of 10 cents per diluted share compared with net losses of one penny per diluted share in the year ago period. The handheld BlackBerry device maker forecast first quarter results below expectations sending the stock price plunging $4.60 to close at $79.78.
Thursday, April 06, 2006
Sales Rise At Bebe
March same store sales for Bebe Stores Inc. (BEBE) rose a surprising 4.1%, beating analyst expectations for a gain of 1.5%. Shares of the women's apparel retailer jumped $2.26 to close at $19.22.
Split Verdict In Merck Vioxx Trial
A New Jersey jury found Merck & Co. (MRK) liable for the heart attack of one former Vioxx user while exonerating the company in the heart attack of the second plaintiff in the case. The stock price dropped $1.15 to close at $34.84.
3M Lifts Outlook
Shares of 3M Co. (MMM) surged $3.92 to close at $81.38 after strong sales prompted the company to raise its first quarter earnings outlook.
Spectrum Brands Cuts Outlook
Spectrum Brands (SPC) drastically reduced its second quarter outlook due to weak sales and announced the elimination of 350 positions in Europe. Shares of the consumer products company plummeted $5.99 to close at $15.51.
Websense Forecasts Below Expectations
Websense Inc. (WBSN) blamed soft sales for forecasting first quarter earnings below expectations. The stock price dropped $1.49 to close at $26.57.
Bed Bath & Beyond Impresses
Bed Bath & Beyond Inc. (BBBY) beat expectations by 2 cents to report fourth quarter earning of 67 cents per share, up from 59 cents per share in the year ago period, and lifted its fiscal 2006 outlook. Shares of the domestic retailer surged $2.50 to close at $40.82.
Wednesday, April 05, 2006
Shares of Visicu Soar
On its initial day of trade, shares of intensive care remote monitoring system maker Visicu Inc. (EICU) spiked $8.78 to close at $24.78.
German AMD Plant Records Revenue
Advanced Micro Devices Inc. (AMD) announced that its new Fab 36 production plant in Dresden, Germany started revenue shipments. The stock price climbed $1.35 to close at $34.78.
Second Mistrial In Tenet Healthcare Case
A second mistrial in the Department of Justice's illegal kickbacks case against Tenet Healthcare Inc. (THC) lifted the stock price $1.12 to close at $9.02 and prompted analysts to upgrade the stock.
SanDisk Builds New Plant
SanDisk Corp. (SNDK) and Toshiba Corp. announced the construction of a new memory chip plant at Toshiba's Yokkaichi facility. Shares of SanDisk surged $5.51 to close at $62.42.
St. Jude Cuts Forecast
St. Jude Medical Inc. (STJ) warned that first quarter earnings would disappoint due to slowing sales of implantable cardioverter defibrillators. The stock price plunged $5.05 to close at $36.25.
FDA Wants More Info From Discovery Laboratories
The Food and Drug Administration requested more information on Discovery Laboratories Inc.'s (DSCO) Surfaxin treatment for premature infant lungs, delaying release of the drug by at least another quarter. Shares of the biotechnology firm tumbled $2.07 to close at $5.02.
Tuesday, April 04, 2006
Powerwave Cuts Outlook
Powerwave Technologies (PWAV) shares dropped $2.88 to close at $10.40. The wireless communication network equipment maker lowered its 1st quarter revenue outlook due to weak demand for wireless network operators.
Cel-Sci Files Bird Flu Patent
Shares of Novavax Inc. (NVAX) tumbled $1.42 to close at $6.20 after rival Cel-Sci Corp. (CVM) applied for a patent for its CEL-1000 Avian flu prevention and treatment medication. Cel-Sci stock shot up 91 cents to close at $1.73.
Analyst Says FEI Undervalued
Punk Ziegel & Co. analyst JoAnne Feeney initiated coverage on FEI Co. (FEIC) with a buy rating stating that the company is undervalued. Shares of the nanoscale features firm surged $2.53 to close at $22.34.
Biomet May Sell Itself
Biomet Inc. (BMET) retained the services of Morgan Stanley to advise the orthopedic device maker on a possible sale of the company. The stock price soared $3.38 to close at $38.16.
FTC Investigates Matrixx Initiatives
Matrixx Initiatives Inc. (MTXX) acknowledged that the U. S. Federal Trade Commission was investigating the company's advertising and promotional activities to determine whether the company engaged in unfair or deceptive practices. Shares of the over-the-counter healthcare products firm plunged $4.62 to close at $18.80.
Enterra Energy Names News Chairman
Enterra Energy Trust (ENT) appointed Joseph Vidal as non-executive chairman and reaffirmed payment of its 18 cents per share monthly distribution. The stock price soared $2.58 to close at $14.60.
Too Lifts Earnings Forecast
Better than expected same store sales prompted Too Inc. (TOO) to lift its first quarter earnings forecast. Shares of the tween apparel retailer surged $2.64 to close at $35.90.
Monday, April 03, 2006
Losses Widen For Pope & Talbot
Pope & Talbot Inc. (POP) widened fourth quarter losses to $2.07 per share from 16 cents per share in the year ago period sending the stock price tumbling $1.71 to close at $5.09.
Radcom Slashes Earnings
Radcom Ltd. (RDCM) blamed the delay of a large order for slashing first quarter earnings estimates. The stock price plummeted $1.27 to close at $2.93.
Incyte Stops Development Of HIV Treatment
Incyte Corp. (INCY) halted development of its HIV treatment DFC after patients in a midstage clinical trial experienced increased incidences of pancreatic inflammation. Shares of the pharmaceutical company plunged $2.44 to close at $3.58.
Terex Raises Earnings Forecast
Strong performance at its aerial work platforms and material processing segments prompted Terex Corp. (TEX) to lift its first quarter earnings outlook sending the stock price soaring $7.23 to close at $86.47.
Libbey To Buy Vitrocrisa
Libbey Inc. (LBY) will pay $80 million in cash to acquire the remaining 51% of Vitrocrisa Holdings S de RL that it does not own. Vitrocrisa is a subsidiary of Vitro SA (VTO). Libbey stock surged $2.26 to close at $9.34 while shares of Vitro edged up 15 cents to close at $2.90.