Wednesday, February 28, 2007

Joy Global Misses

Joy Global Inc. (JOYG) missed profit targets by 9 cents to report first quarter earnings of 51 cents per share compared with 48 cents per share a year earlier. The mining equipment maker also lowered its first quarter earnings outlook due to a weak coal market sending the stock price plummeting $5.99 to close at $44.34.

Tentative Agreement Between AK Steel And Union

AK Steel Holding Corp. (AKS) reached a tentative agreement with the Machinists union to end a year long lockout. The stock price climbed $2.72 to close at $23.13.

Steel Technologies To Be Acquired

Steel Technologies Inc. (STTX) will be acquired by Mitsui for $532 million sending the stock price soaring $10.93 to close at $29.32.

Audible Narrows Losses

Audible Inc. (ADBL) which sells audio books and online programs reported a smaller loss of 3 cents per share compared with a loss of 9 cents per share a year earlier. Analysts promptly upgraded the stock sending the stock price soaring $1.58 to close at $9.53.

Sprint Reports Higher Earnings

Sprint Nextel Corp. (S) reported higher fourth quarter earnings of 9 cents per share compared with 7 cents per share in the year ago period as revenue grew. The stock price climbed 85 cents to close at $19.30.

New Plan Excel Realty To Be Acquired

New Plan Excel Realty Trust Inc. (NXL) will be acquired by Centro Properties Group in a deal worth approximately $6.2 billion including assumption of debt. Shares of New Plan surged $4.05 to close at $33.39.

Tuesday, February 27, 2007

Failed Trial For Threshold

Threshold Pharmaceuticals Inc. (THLD) announced that its cancer drug treatment failed a late-stage clinical trial. The stock price plummeted more than 50% by falling $2.06 to close at $1.52.

American Oriental Bioengineering Shares Fall

A sharp drop in Chinese stocks sent shares of American Oriental Bioengineering Inc. (AOB) down $1.71 to close at $10.55.

RadioShack Reports Higher Earnings

RadioShack Corp. (RSH) posted sharply higher earnings of 62 cents per share compared with 38 cents per share in the year ago period on lower revenues as operating expenses dropped. The stock price climbed $2.68 to close at $25.13.

Aluminum Corp. Of China Drops

Shares of Aluminum Corp. of China Ltd. (ACH) dropped $3.75 to close at $22.60 following a 9% plunge on the Chinese stock market.

Mindray Medical Tumbles

A 9% drop in the Chinese stock market sent shares of Chinese medical device maker Mindray Medical International Ltd. (MR) tumbling $3.80 to close at $24.91.

Trina Solar Plunges

Shares of Chinese solar panel maker Trina Solar Ltd. (TSL) plunged $8.22 to close at $42.53 after the Chinese stock market tumbled 9%.

Monday, February 26, 2007

Conceptus Downgraded

Conceptus Inc. (CPTS) was downgraded by analysts over competition concerns. Shares of fhe company that develops reproductive medical applications dropped $1.85 to close at $19.98.

Force Protection Loses Contract To Oshkosh

Force Protection Inc. (FRPT) lost a $30.6 million contract to competitor Oshkosh Truck Corp. (OSK). Shares of Force Protection tumbled $2.89 to close at $17.00 while Oshkosh stock slipped $1.00 to close at $55.69.

Hub International To Be Taken Private

Hub International Ltd. (HBG) will be taken private for approximately $1.7 billion. The stock price surged $5.10 to close at $39.59.

Ericsson Tops Arris' Bid For Tandberg

Arris Group Inc. (ARRS) may be pushed aside in its bid to buy Norway's Tandberg Television. LM Ericsson Telephone topped the bid by 33%. Shares of Arris tumbled $1.38 to close at $13.91.

Temple-Inland To Split

Temple-Inland Inc. (TIN) announced plans to split into three stand-alone companies sending the stock price soaring $7.06 to close at $62.01.

TXU Receives Buyout Offer

Texas electric utility TXU Corp. (TXU) was the target of a $45 billion offer buy a consortium of private equity firms led by Kohlberg Kravis Roberts & Co. and Texas Pacific Group. The stock price leaped $7.91 to close at $67.93.

Friday, February 23, 2007

Novastar Continues To Fall

Shares of subprime lender Novastar Financial Inc. (NFI) continued to fall after reporting losses for the fourth quarter. Moody's also said that it may downgrade the company's servicer quality rating. The stock price lost 86 cents to close at $8.48.

Earnings Plunge For A. C. Moore

A. C. Moore Arts & Crafts nc. (ACMR) blamed higher costs and disappointing sales for fourth quarter earnings that plunged to 33 cents per share from 53 cents per shares a year earlier. The stock price tumbled $1.10 to close at $19.33.

BEA's Forecast Disappoints

While fourth quarter revenue rose for BEA Systems Inc. (BEAS), the company forecast current quarter revenue below expectations sending the stock price down $1.25 to close at $11.95.

Lowe's Beats Expectations

Lowe's Companies Inc. (LOW) reported lower fourth quarter earnings of 40 cents per share compared with 43 cetns per share in the year ago period but the results beat expectations. Shares of the nation's second largest home improvement retailer rose $1.30 to close at $34.93.

Conolog Receives New Orders

Conolog Corp. (CNLG) received orders from American and Canadian utilities for 19 PTR systems sending the stock price surging 54 cents to close at $2.88.

Thursday, February 22, 2007

National Semiconductor Upgraded

Morgan Stanley upgraded National Semiconductor Corp. (NSM) saying that the company has hit bottom and is poised to recover. The stock price rose $1.51 to close at $25.16.

General Maritime's Revenue Beats Expectations

While earnings plunged for General Maritime to 71 cents per share from $2.78 per share a year earlier, revenue beat expectations sending the stock price soaring $3.14 to close at $42.86.

Earnings Slip For K-Swiss

K-Swiss Inc. (KSWS) reported lower profits of 30 cents per share compared with 33 cents per share in the year ago period and set modest revenue targets for 2007. The stock price plunged $4.06 to close at $29.43.

Patterson Trims Outlook

Patterson Companies Inc. (PDCO) trimmed its fiscal 2007 outlook due to slow sales. The stock price tumbled $3.24 to close at $35.01.

Analog Guides Higher

Analog Devices Inc. (ADI) issued higher guidance following better than expected profit news. The stock price surged $3.27 to close at $36.59.

Whole Foods To Buy Wild Oats

Whole Foods Market Inc. (WFMI) offered $565 million to buy rival Wild Oats Markets Inc. (OATS). Shares of Whole Foods jumped $6.04 to close at $51.74 while Wild Oats stock soared $2.70 to close at $18.42.

Wednesday, February 21, 2007

Rumors Of Jupitermedia and Getty Images Merger

An article about a possible merger between Jupitermedia Corp. (JUPM) and Getty Images Inc. (GYI) lifted shares of Jupitermedia $2.05 to close at $10.07. Getty Images stock surged $3.77 to close at $56.06.

Hewlett-Packard's Forecast Disappoints

Hewlett-Packard Co. (HPQ) reported strong first quarter earnings of 55 cents per shares compared with 42 cents per share in the year ago period but forecast disappointing second quarter results. The stock price tumbled $2.03 to close at $41.10.

NovaStar May Change REIT Status

NovaStar Financial Inc. (NFI) may change its status as a Real Estate Investment Trust sending the stock price plummeting $7.46 to close at $10.10.

FDA Refuses Pharmacyclics Application

Shares of Pharmacyclics Inc. (PCYC) plunged after the FDA refused to accept the company's application for its lung cancer treatment Xcytrin. The stock price plummeted $1.85 to close at $3.19.

Earnings Rise For Medco

Medco Health Solutions Inc. (MHS) reported higher fourth quarter earnings of 77 cents per share compared with 57 cents per share last year that surpassed expectations as revenue climbed. The stock price surged to $6.21 to close at $67.80.

Chemed's Earnings Quadruple

Chemed Corp. (CHE) beat expectations by 10 cents with fourth quarter earnings that more than quadrupled to 67 cents per share from 16 cents per share a year earlier. The stock price leaped $7.61 to close at $47.46.

Tuesday, February 20, 2007

Vasco Beats Expectations

Vasco Data Security International Inc. (VDSI) beat expectations by two cents with fourth quarter earnings of 13 cents per share compared with 8 cents per share in the year ago period.
Shares of the security software maker soared $3.32 to close at $18.45.

Failed Trial For BioMarin

BioMarin Pharmaceutical Inc. (BMRN) issued guidance for higher sales and a smaller loss, but its hypertension drug failed a mid-stage clinical trial sending the stock price plunging $2.45 to close at $18.00.

Sirius And XM Satellite To Merge

Sirius Satellite Radio Inc. (SIRI) and XM Satellite Radio Holdings Inc. (XMSR) announced a merger of near equals subject to federal regulatory approval. Shares of Sirius added 22 cents to close at $3.92 while XM stock surged $1.43 to close at $15.41.

Empire Resorts Receives Approval

Empire Resorts Inc. (NYNY) received approval for a tribal casino in New York sending the stock price surging $2.63 to close at $12.63.

Vulcan Bids On Florida Rock

Florida Rock Industries Inc. (FRK) was the target of a $4.6 billion stock and cash offer by Vulcan Materials Co. (VMC). Shares of Florida Rock leaped $19. 58 to close at $66.54 while Vulcan stock eased 67 cents to close at $111.14.

Scotts Miracle-Gro Declares Dividend

After closing bell on Friday, The Scotts Miracle-Gro Co. (SMG) declared an $8 per share one-time cash dividend payable on March 5 to shareholders on record February 26. The stock price surged $3.64 to close at $57.01.

Friday, February 16, 2007

Revenue Falls Short For Captaris

While earnings rose for Captaris Inc. (CAPA) to 8 cents per share from break even a year earlier, revenue fell short of expectations sending the stock price plummeting $2.28 to close at $6.60.

Campbell Reports Higher Earnings

Campbell Soup Co. (CPB) reported higher second quarter earnings of 72 cents per share compared with 61 cents per share last year and lifted its growth outlook. The stock price climbed $2.71 to close at $42.29.

Earnings Rise For Mohawk Industries

Fourth quarter earnings for Mohawk Industries Inc. (MHK) rose to $1.90 per share from $1.47 per share in the year ago period to beat expectations. Shares of the floor covering products maker surged $9.26 to close at $93.89.

Onyx Narrows Losses

Onyx Pharmaceuticals Inc. (ONXX) narrowed fourth quarter losses to 47 cents per share from $1 per share in the year ago period. The stock price soared $3.05 to close at $27.75.

Earnings Tumbled For Career Education

Fourth quarter earnings tumbled to 22 cents per share from 70 cents per share for Career Education Corp. (CECO) to miss expectations by a wide margin. The stock price lost 76 cent to close at $28.88.

Fieldstone Investment To Be Acquired

Fieldstone Investment Corp. (FICC) will be acquired by Credit-Based Asset Servicing and Securitization for approximately $260 million. The stock price nearly doubled by surging $2.38 to close at $4.98.

Thursday, February 15, 2007

RealNetworks Downgraded

Analysts downgraded RealNetworks Inc. (RNWK) for its disappointing full year revenue outlook. The stock price dropped $1.70 to close at $8.97.

NutriSystem Impresses

Fourth quarter earnings nearly tripled to 53 cents per share from 17 cents per shares a year earlier for NutriSystem Inc. (NTRI) while the company's first quarter outlook surpassed expectations. Shares of the weight loss management company surged $5.91 to close at $49.79.

Earnings Surge For Spartan

Fourth quarter earnings more than tripled to 16 cents per share from 5 cents per share in the year ago period for Spartan Motors Inc. (SPAR) as sales surged. The stock price leaped $6.04 to close at $22.93.

Baidu's Outlook Disappoints

Despite a strong fourth quarter for Baidu.com Inc. (BIDU), Citigroup downgraded the search engine for a disappointing first quarter outlook. The stock price plummeted $8.82 to close at $106.18

Baker Hughes Warns

Baker Hughes Inc. (BHI) warned that first quarter earnings will fall short of expectations. The stock price plunged $6.75 to close at $65.19.

Equifax To Buy TALX

Equifax Inc. (EFX) will spend approximately $1.4 billion in cash and stock to acquire Talx Corp. (TALX). Shares of TALX surged $3.76 to close at $35.81 while Equifax stock tumbled $2.28 to close at $39.63.

Wednesday, February 14, 2007

CSX To Repurchase Stock

CSX Corp. (CSX) announced plans to repurchase nearly $2 billion worth of stock sending the stock price up $2.73 to close at $42.10.

First Solar Lands Deal

First Solar Inc. (FSLR) will provide solar modules for a German solar power plant. The stock price jumped $9.44 to close at $43.72.

Earnings Rise For Deere

Strong international sales lifted first quarter earnings for Deere & Co. (DE) to $1.04 per share from 99 cents per share a year earlier to beat expectations. Shares of the farm equipment maker leaped $9.24 to close at $111.91.

Earnings Drop For Carter's

Carter's Inc. (CRI) posted lower profits of 45 cents per share compared with 57 cents per share last year and revised its forecast downward due to slack demand for children's clothing sending the stock price tumbling $4.22 to close at $21.05.

Daktronics Lowers Guidance

Daktronics Inc. (DAKT) lowered guidance for its fourth quarter due to slower than expected orders for electronic scoreboards and video displays. The stock price plummeted $8.00 to close at $30.09.

CheckFree To Buy Corillian

Corillian Corp. (CORI) was the target of a $245 million bid by electronic payments processor CheckFree Corp. (CKFR). Shares of Corillian surged $1.55 to close at $5.00 while CheckFree stock slipped $1.33 to close at $40.29.

Tuesday, February 13, 2007

Shanda Swings To Profit

Shanda Interactive Entertainment Ltd. (SNDA) impressed by swinging to a fourth quarter profit of 42 cents per American depository share compared with a loss of 94 cents per ADS in the year ago period. Shares of the Chinese online gaming company climbed $2.01 to $24.31.

Applebee's May Sell Itself

Applebee's International Inc. (APPB) is considering the possibility of selling itself sending the stock price soaring $2.39 to $26.62.

Monday, February 12, 2007

Tenaris To Buy Hydril

Tenaris SA (TS) will pay $97 per share in cash to purchase Hydril Co. (HYDL). Shares of Hydril soared $12.20 to close at $95.24 while Tenaris stock eased 67 cents to close at $46.26.

LCA-Vision Beats Estimates

LCA-Vision Inc. (LCAV) posted strong earnings of 34 cents per share compared with 30 cents per share in the year ago period to beat estimates due to demand for laser vision correction services. The stock price jumped $7.42 to close at $46.13.

Witness To Be Acquired By Verint

Witness Systems Inc. (WITS) will be acquired by Comverse Technology Inc.'s (CMVT) subsidiary Verint Systems Inc. (VRNT) for approximately $950 million. Shares of Witness surged $4.52 to close at $26.79 while Comverse stock eased 18 cents to close at $20.27. Verint stock edged up 22 cents to close at $32.28.

Administaff Lowers 2007 Outlook

Human resource service provider Administaff Inc. (ASF) reported higher profits of 47 cents per share compared with 39 cents per share in the year ago period, but lowered forecasts for 2007 sending the stock price plummeting $9.43 to close at $33.65.

Cytyc To Buy Adeza

Adeza Biomedical Corp. (ADZA) was the target of a $24 a share bid by Cytyc Corp. (CYTC). Shares of Adeza soared $8.25 to close at $23.78 while Cytyc stock edged up 73 cents to close at $30.28.

Successful Trial For Onyx

Onyx Pharmaceuticals Inc. (ONXX) reported a successful clinical trial for a liver cancer drug treatment. The stock price leaped $11.89 to close at $24.15.

Friday, February 09, 2007

General Motors Upgraded

Deutsche Bank upgraded General Motors Corp. (GM) with the expectation that the automaker can successfully negotiate a discount to its retiree healthcare obligations. The stock price climbed $2.11 to $35.90.

Gilead And Achillion End Hepatitis Drug Development

Shares of Achillion Pharmaceuticals Inc. (ACHN) plummeted $9.17 to $8.82 after its partnership with Gilead Sciences Inc. (GILD) to develop a hepatitis drug was halted. Gilead stock lost $1.26 to $70.90.

Applix Raises Guidance

Applix Inc. (APLX) raised guidance for its earnings due to strong demand for its business management software. The stock price climbed $1.79 to $12.68.

FirstGroup To Buy Laidlaw

Shares of Laidlaw International Inc. (LI), the operator of school buses, surged $2.88 to $34.60 on a $2.8 billion offer from Britain's FirstGroup PLC.

Thursday, February 08, 2007

Accuray Surges In Debut

Shares of Accuray Inc. (ARAY) surged $10.47 to close at $28.47 in its market debut.

Polycom To Buy SpectraLink

Ploycom Inc. (PLCM) will pay approximately $220 million in cash to acquire SpectraLink Corp. (SLNK). Shares of SpectraLink soared $2.85 to close at $11.66 while Polycom stock eased 3 cents to close at $34.81.

Waste Management Reports Lower Earnings

Fourth quarter earnings tumbled to 46 cents per share from 52 cents per share in the year ago period for Waste Management Inc. (WMI) sending the stock price down $2.98 to close at $35.43.

New Century Warns Of Lower Loan Production

New Century Financial Corp. (NEW) warned that loan production in 2007 will miss expectations. The stock price plummeted $10.92 to close at $19.24.

Syntax-Brillian's Outlook Disappoints

While Syntax-Brillian Corp. (BRLC) swung to a profit of 25 cents per share for the second quarter compared with a loss of 4 cents per share last year, the maker of high definition TVs forecast full year results below expectations. The stock price dropped $1.38 to close at $7.99.

NxStage Partners With DaVita

NxStage Medical Inc. (NXTM) partnered with DaVita Inc. (DVA) to provide NxStage System One portable dialysis machines. Shares of NxStage surged $3.60 to close at $12.10 while DaVita stock eased 17 cents to close at $54.90.

Wednesday, February 07, 2007

EGL Acquisition Cancelled

The proposed acquisition of EGL Inc. (EAGL) led by General Atlantic has been cancelled sending the stock price plunging $6.25 to close at $31.64.

FEI Reverses Losses

FEI Co. (FEIC) reversed year ago losses to report a fourth quarter profit of 36 cents per share compared with losses of 92 cents per share and forecast first quarter results above expectations. The stock price leaped $7.11 to close at $32.42.

Dominos To Repurchase Stock

Domino's Pizza Inc. (DPZ) will repurchase approximately 13.9 million shares of common stock. Shares of the pizza delivery company climbed $3.68 to close at $32.38.

MedImmune's Sales Fall Short

Although MedImmune Inc. (MEDI) swung to a fourth quarter profit of 50 cents per share compared with a loss of 9 cents per share a year earlier, sales of its respiratory medication Synagis were weaker than expected. The stock price tumbled $2.97 to close at $31.04.

Intevac's Earnings More Than Double

Intevac Inc. (IVAC) reported fourth quarter earnings that more than doubled to 97 cents per share from 46 cents per share in the year ago period as sales surged. The stock price leaped $6.23 to close at $28.80.

Aspen's Revenue Rises

Second quarter revenue rose for Aspen Technology Inc. (AZPN) sending the stock price soaring $2.67 to close at $12.96.

Tuesday, February 06, 2007

ESCO Swings To Loss

ESCO Technologies Inc. (ESE) swung to a first quarter loss of 5 cents per share compared with earnings of 8 cents per share in the year ago period. The stock price plunged $3.57 to close at $45.01.

Analysts Say Overstock Is At Turning Point

Analysts said that Overstock.com Inc.'s (OSTK) wider than expected loss for the fourth quarter of $1.92 compared with a loss of 33 cents per share last year was the low point for the company and that things should turn around in the near future. The stock price surged $3.24 to close at $17.90.

Avon Beats Expectations

Avon Products Inc. (AVP) reported fourth quarter results that edged up to 41 cents per share from 40 cents per share last year to beat expectations. Shares of the cosmetics company leaped $3.38 to close at $38.00.

MGIC To Acquire Radian

MGIC Investment Corp. (MTG) will acquire rival Radian Group Inc. (RDN) for approximately $4.9 billion in stock. Shares of MGIC surged $7.16 to close at $70.09 while Radian stock soared $5.67 to close at $66.51.

Takeover Rumor Lifts Novelis

A website's unconfirmed reports that Novelis Inc. (NVL) is the target of a takeover lifted shares of the aluminum producer $1.99 to close at $38.88.

Nuance Narrows Losses

Rising sales helped Nuance Communications Inc. (NUAN) narrow first quarter losses to a penny per share from 3 cents per share in the year ago period. The stock price climbed $2.08 to close at $13.42.

Monday, February 05, 2007

Lear Receives Offer From Icahn

Lear Corp. (LEA) received a buyout offer from billionaire investor Carl Icahn sending the stock price soaring $3.97 to close at $38.64.

Anadigics' Profit To Soar

Chilton Investment fund manager Michael Cahill expects Anadigics Inc.'s (ANAD) profit to soar. The stock price climbed $1.58 to close at $10.65.

State Street To Buy Investors Financial

State Street Corp. (STT) will purchase rival Investors Financial Services Corp. (IFIN) for approximately $4.5 billion. Shares of State Street plunged $4.67 to close at $67.08 while Investors Financial stock jumped $12.85 to close at $59.80.

Trial Fails For Columbia Laboratories

Columbia Laboratories Inc.'s (CBRX) late stage clinical trial failed to prevent preterm births. The stock price plummeted $3.13 to close at $1.48.

Triad To Go Private

Triad Hospitals Inc. (TRI) will be taken private in a deal valued at approximately $4.39 billion. The stock price surged $6.38 to close at $49.65.

FTC Sets Royalties Cap For Rambus

The Federal Trade Commission set a higher-than-expected cap on royalties to be paid to Rambus Inc. (RMBS) for its chip design sending the stock price soaring $4.58 to close at $23.50.

Friday, February 02, 2007

Millipore's Earnings Surge

Fourth quarter earnings surged to 34 cents per share from 2 cents per share in the year ago period for Millipore Corp. (MIL) sending the stock price soaring $5.73 to close at $75.25.

Medicare Proposes Expanding Stent Coverage

Shares of medical device maker Ev3 Inc. (EVVV) surged $2.26 to close at $20.79 after Medicare proposed the expansion of coverage for carotid stents.

Expenses To Rise For Illumina

While Illumina Inc. (ILMN) expects revenue in fiscal 2007 to rise, the company also sees an increase in expenses. The stock price plunged $4.39 to close at $37.17.

Intuitive Surgical's Forecast Impresses

Intuitive Surgical Inc. (ISRG) forecast revenue for fiscal 2007 above expectations sending the stock price soaring $17.45 to close at $116.77.

Earnings Plunge For Rackable Systems

Fourth quarter earnings plunged to 2 cents per share from 32 cents per share last year for Rackable Systems Inc. (RACK) as margins tumbled. The stock price plummeted $3.65 to close at $16.69.

Secure Computing Beats Expectations

Although Secure Computing Corp. (SCUR) swung to a fourth quarter loss of 44 cents per share from earnings of 17 cents per share in the year ago period, the results beat expectations. The stock price gained $2.02 to close at $8.77.

Thursday, February 01, 2007

W. P. Stewart CEO Retires

W. P. Stewart & Co. Ltd. (WPL) CEO John Russell is retiring and will be replaced by chairman and former CEO William P. Stewart. The stock price plunged $3.29 to close at $12.36.

Earnings Rise For Carbo Ceramics

Strong demand lifted fourth quarter earnings to 61 cents per share from 43 cents per share last year for Carbo Ceramics Inc. (CRR). The results beat expectations by 5 cents sending the stock price leaping $8.10 to close at $44.98.

JDS Forecast Disappoints

JDS Uniphase Corp. (JDSU) forecast third quarter result that fell short of expectations sending the stock price down $1.08 to close at $16.70.

Archer Daniels Beats Expectations

Second quarter earnings for Archer Daniels Midland Co. (ADM) rose to 67 cents per share from 56 cents per share a year earlier beating expectations by an impressive 7 cents. The stock price soared $3.47 to close at $35.47.

Google's Earnings Nearly Triple

Although Google Inc.'s (GOOG) fourth quarter earnings nearly tripled to $3.29 per share from $1.22 per share in the year ago period, the stock price plummeted $19.75 to close at $481.75 as margin slipped and rising expenses raised investor concerns.

Revenue Surges For Gilead Sciences

Fourth quarter revenue surged for Gilead Sciences Inc. (GILD) sending the stock price soaring $7.21 to close at $71.53.