Thursday, May 31, 2007
Bank of America downgraded VeraSun Energy Corp. (VSE) over concerns that profits will fall as ethanol supplies rise. The stock price dropped $1.46 to close at $15.19.
OmniVision Forecasts Ahead Of Expectations
Although OmniVision Technologies Inc. (OVTI) swung to a fourth quarter loss of 3 cents per share compared with earnings of 39 cents per share a year earlier, the semiconductor forecast first quarter revenue ahead of expectations. The stock price surged $2.57 to close at $17.50.
Critical Therapeutics Receives FDA Approval
The FDA approved Critical Therapeutics Inc.'s (CRTX) chronic asthma medication Zyflo CR sending the stock price soaring 57 cents to close at $3.23.
Wellpoint Replaces CFO
The CFO of Wellpoint Inc. (WLP) was replaced after the company determined that he had violated an undisclosed code of conduct that was nonbusiness in nature. The stock price tumbled $2.99 to close at $81.41.
Earnings Surge For Big Lots
Discount retailer Big Lots Inc. (BIG) reported profits that more than doubled to 26 cents per share from 12 cents per share in the year ago period and raised its guidance, but shares retreated from record high levels by tumbling $4.10 to close at $31.50 on profit-taking.
Wachovia To Buy A. G. Edwards
A. G. Edwards Inc. (AGE) was the target of a $6.8 billion cash and stock offer from Wachovia Corp. (WB). Shares of A. G. Edwards leaped $11.01 to close at $88.16 while Wachovia stock slipped 36 cents to close at $54.19.
Wednesday, May 30, 2007
Speculations Of Salesforce.com-Google Partnership
Investors speculated that Salesforce.com (CRM) will announce a partnership with Google Inc. (GOOG). Shares of Salesforce.com climbed $2.82 to close at $48.72 while Google stock soared $11.49 to close at $498.60.
Phillips-Van Heusen Reports Higher Earnings
Phillips-Van Heusen Corp. (PVH) reported higher first quarter earnings that beat expectations and lifted its full year outlook. The stock price surged $4.27 to close at $60.59.
Biogen Idec To Repurchase Stock
Biogen Idec Inc. (BIIB) will repurchase approximately 57 million shares of common stock sending the stock price up $2.92 to close at $52.13.
Solarfun Widens Losses
Shares of Solarfun Power Holdings Co. Ltd. (SOLF) plunged $2.82 to close at $9.60 along with the rest of the Chinese market as the Shanghai-based solar cell maker posted revenues that doubled and a larger loss.
Dress Barn Posts Higher Profit
Dress Barn Inc. (DBRN) posted a higher profits and raised its outlook for women's apparel sales. The stock price climbed $1.27 to close at $22.99.
Coldwater Creek Beats Estimates
Shares of women's clothing and accessories retailer Coldwater Creek Inc. (CWTR) rose after the company posted profits and sales that beat estimates. The stock price soared $3.47 to close at $24.37.
Tuesday, May 29, 2007
Mobile Telesystems Tumbles Ahead Of Earnings
Shares of Mobile Telesystems OJSC (MBT) tumbled $2.53 to close at $54.16 ahead of its earnings release later this week.
Bradley Pharmaceuticals' CEO Makes Bid
Bradley Pharmaceuticals Inc.'s (BDY) chief executive Daniel Glassman offered approximately $350 million to take the company private. The stock price climbed $3.91 to close at $22.35.
URS To Purchase Washington Group
Washington Group International Inc. (WNG) will be purchased by URS for approximately $2.6 billion sending the stock price surging $15.07 to close at $85.04.
Advanced Medical Recalls Lens Solution
An increased risk of eye infection prompted Advanced Medical Optics Inc. (EYE) to recall its contact lens solution and withdraw its earning guidance for 2007 as well as 2008. The stock price plummeted $5.51 to close at $34.69.
Archstone-Smith To Be Acquired
Tishman Speyer and Lehman Brothers Holdings Inc. (LEH) will acquire Archstone-Smith Trust (ASN) for approximately $22.2 billion. Shares of Archstone-Smith leaped $6.19 to close at $61.42 while Lehman Bros. stock edged up 15 cents to close at $72.91.
Avaya May Go Private
Reports that Avaya Inc. (AV) may be taken private lifted shares of the telecom $2.09 to close at $15.75.
Friday, May 25, 2007
FDA Warns Unapproved Extended Release Drug Makers
The Food and Drug Administration gave makers of unapproved extended release cough and cold medications until November 25 to halt shipments of their products. Adams Respiratory Therapeutics Inc. (ARXT) is the only FDA approved company to sell the extended release drugs. Shares of the specialty pharmaceutical leaped $3.89 to close at $43.94.
Aeroflex May Terminate Acquisition Agreement
Aeroflex Inc. (ARXX) may terminate its agreement to be acquired by General Atlantic and Franciso Partners after the two companies refused to match a higher bid made by Veritas Capital. The stock price lost 47 cents to close at $14.12.
Iomai's Flu Patch Underperforms
Iomai Corp. (IOMI) reported that its flu vaccine patch failed to perform as well as an injected flu vaccine. The stock price plunged $1.7 to close at $2.54.
Sterling Admits Fraudulent Loan Scheme
Sterling Financial Corp. (SLFI) disclosed evidence of a fraudulent loan scheme while announcing plans to explore strategic options including the sale of the company sending the stock price plummeting $6.19 to close at $9.97.
Nasdaq Makes $3.67 Billion Bid For OMX
Nasdaq Stock Market Inc. (NDAQ) offered $3.67 billion to buy OMX, which operates exchanges in seven Nordic countries. The stock price fell $1.14 to close at $32.84.
Coca-Cola To Buy Glaceau
Coca-Cola Co. (KO) offered $4.1 billion in cash to buy vitamin water maker Glaceau. Coca-Cola stock rose 65 cents to close at $51.89.
Thursday, May 24, 2007
HSBC analyst Rohit Pandey cited growth concerns for downgrading Synopsys Inc. (SNPS). The stock price tumbled $2.91 to close at $25.39.
Greenlight Capital Surges In Market Debut
Shares of Greenlight Capital Re (GLRE) surged $5.03 to close at $24.03 on its first trading day.
Komag Warns Of Revenue Shortfall
Komag Inc. (KOMG) warned that second quarter revenue will fall below expectations due to disappointing sales and lower prices sending the stock price plunging $4.36 to close at $23.18.
Advanced Medical May Bid For Bausch & Lomb
Advanced Medical Optics Inc. (EYE) may engage in a bidding war for Bausch & Lomb Inc. (BOL) by offering more than the $4.5 billion that Warbur Pincus bid last week. Shares of Advanced Medical dropped $1.34 to close at $41.10 while Bausch & Lomb stock surged $3.76 to close at $70.21.
First Profitable Quarter For PacificNet
PacificNet Inc. (PACT) reported its first profitable quarter since transitioning from a telecommunications company into a gaming technology company. The stock price leaped $1.39 to close at $5.32.
Network Appliance Lowers Guidance
Lower guidance from Network Appliance Inc. (NTAP) triggered a flurry of analyst downgrades. The stock price plummeted $6.30 to close at $31.76.
Wednesday, May 23, 2007
Alcan Rejects Alcoa's Offer
Alcan Inc. (AL) rejected Alcoa Inc.'s (AA) $28 billion hostile takeover bid and engaged in discussions with BHP Billiton. Shares of Alcan leaped $4.86 to $85.89 while Alcoa stock gained $1.42 to close at $40.37.
Earnings Tumble For Dillard's
First quarter earnings for Dillard's Inc. (DDS) tumbled to 53 cents per share from 77 cents per share a year earlier to fall far short of expectations as sales dropped. The stock price plunged $2.60 to close at $37.05.
Advanced Analogic Receives Favorable Ruling
Advanced Analogic Technologies Inc. (AATI) received a favorable initial ruling in a patent lawsuit filed by Linear Technology Corp. (LLTC). Shares of Advanced Analogic surged $1.32 to close at $9.33 while Linear Technology stock tumbled $1.34 to close at $35.79.
Vion Halts Trial
A high death rate prompted Vion Pharmaceuticals Inc. (VION) to stop a late stage clinical trial for its cancer treatment Cloretazine. The stock price plummeted $1.16 to close at 86 cents.
Payless To Acquire Stride Rite
Payless ShoeSource Inc. (PSS) will pay approximately $800 million to acquire rival Stride Rite Corp. (SRR). Payless stock surged $3.24 to close at $35.14 while shares of Stride Rite leaped $4.76 to close at $20.21.
Upbeat Trial Results For Cypress Bioscience
Cypress Bioscience Inc. (CYPB) reported that its depression drug Milnacipran significantly reduced fibromyalgia pain in a late stage clinical trial. The stock price leaped $7.92 to close at $16.37.
Tuesday, May 22, 2007
Forgent Loses Patent Suit
Forgent Networks Inc. (FORG) lost a patent infringement lawsuit the company filed against EchoStar Communications Corp. (DISH). Shares of Forgent plunged 34 cents to close at 93 cents while EchoStar stock tumbled $1.13 to close at $48.43.
American Science & Engineering Reports Higher Earnings
American Science & Engineering Inc. (ASEI) reported higher fourth quarter earnings of 60 cents per share compared with 51 cents per share in the year ago period to surpass expectations and announced a stock repurchase plan. The stock price leaped $4.52 to close at $52.50.
Lockheed Martin Downgraded
Cowen & Co. analyst Cai von Rumohr cited slowing earnings growth for downgrading Lockheed Martin Corp. (LMT). The stock price plunged $4.57 to close at $94.22.
Boyd To Develop Retail Promenade With General Growth
Boyd Gaming Corp. (BYD) will develop a new retail promenade on the Las Vegas Strip with General Growth Properties Inc. (GGP). Shares of Boyd climbed $2.60 to close at $49.64 while General Growth stock edged up 77 cents to close at $58.27.
FDA Reviews Advancis' Antibiotic
Advancis Pharmaceutical Corp. (AVNC) announced an FDA review for its strep throat antibiotic and expectations of approval by January. The stock price surged 37 cents to close at $3.10.
Tracinda Eyes Bellagio And CityCenter
Kirk Kerkorian's Tracinda Corp. disclosed plans to buy MGM Mirage's (MGM) Bellagio and CityCenter properties sending shares of the casino operator leaping $17.03 to close at $79.98.
Monday, May 21, 2007
Earnings Plunge For Saks
First quarter earnings plunged to 7 cents per share from 57 cents per share a year earlier for Saks Inc. (SKS) sending the stock price tumbling $1.36 to close at $21.33.
Antigenics Reports Upbeat Data
Antigenics Inc. (AGEN) reported upbeat data from a late stage clinical trial of its cancer vaccine Oncophage sending the stock price up 72 cents to close at $3.26.
Elan And Wyeth Plan Late Stage Study
Elan Corp. (ELN) and Wyeth (WYE) expect to begin late stage clinical trials for their Alzheimer's treatment in the second half of the year. Shares of Elan leaped $2.09 to close at $18.69 while Wyeth stock climbed $2.03 to close at $58.41.
Olin To Acquire Pioneer
Pioneer Companies Inc. (PONR) will be acquired by rival Olin Corp. (OLN) for approximately $415.8 million in cash. Shares of Pioneer soared $4.81 to close at $34.19 while Olin stock edged up 51 cents to close at $19.51.
FDA Approves Luna's Detection System
Luna Innovations Inc. (LUNA) received FDA approval for its air bubble detection system during heart surgeries. The stock price surged $2.06 to close at $5.06.
Hologic To Acquire Cytyc
Hologic Inc. (HOLX) and Cytyc Corp. (CYTC) announced a definitive agreement to combine the two companies in a $6.2 billion cash and stock transaction. Shares of Hologix tumbled $3.61 to close at $54.00 while Cytyc stock leaped $7.95 to close at $43.00.
Friday, May 18, 2007
CapitalSource To Acquire TierOne
CapitalSource Inc. (CSE) will pay $652 million in cash and stock to acquire TierOne Corp. (TONE). Shares of TierOne leaped $6.48 to close at $31.40 while CapitalSource stock eased 63 cents to close at $25.23.
Intuit Reports Higher Earnings
Intuit Inc. (INTU) reported higher third quarter earnings of $1.04 per share compared with 84 cents per share a year earlier that beat expectations and lifted its full year forecast. The stock price leaped $3.84 to close at $31.56.
Medicare To Cut Reimbursement For Xopenex
Medicare reimbursements for Sepracor Inc.'s (SEPR) Xopenex will be slashed to the amount paid for a generic version of the asthma medication sending the stock price plunging $5.58 to close at $46.70.
Odyssey Marine Exploration Found Shipwreck
Odyssey Marine Exploration Inc. (OMR) announced that it has found a shipwreck that may yield half a million gold and silver coins. The stock price jumped $3.72 to close at $8.32.
ValueClick Inc. (VCLK) shares rose $2.12 to close at $30.00 with the company being one of the few remaining independent online ad networks.
Microsoft Offers $6 Billion For aQuantive
Online advertising firm aQuantive Inc. (AQNT) received a $6 billion cash bid from Microsoft Corp. (MSFT). Shares of aQuantive leaped $27.92 to close at $63.79 while Microsoft stock eased 15 cents to close at $30.83.
Thursday, May 17, 2007
China Sunergy Surges In Market Debut
Shares of China Sunergy Co. (CSUN) surged $5.56 to close at $16.56 in its market debut.
Alliance Data Systems Receives Buyout Offer
Alliance Data Systems Corp. (ADS) received a $6.43 billion cash offer from private equity firm Blackstone Group. The stock price leaped $15.50 to close at $78.46.
DUSA Receives Orphan Drug Status
DUSA Pharmaceuticals Inc. (DUSA) announced that it received orphan drug status for its esophageal cancer drug treatment sending the stock price soaring $1.99 to $4.76.
Earnings Rise For J. C. Penney
First quarter earnings for J. C. Penney Corp. (JCP) rose to $1.04 per share from 89 cents per share a year earlier to beat expectations prompting the department store chain to lift its full year outlook. The stock price jumped $4.02 to close at $79.74.
Acxiom To Go Private
Acxiom Corp. (ACXM) will be taken private by two investment firms in a deal valued at approximately $2.25 billion. The stock price surged $4.28 to close at $27.95.
Doral Financial To Be Sold
Struggling mortgage loan provider Doral Financial Corp. (DRL) sold 90% of the company to Bear Stearns for $610 million. The stock price tumbled 24 cents to close at $1.00.
Tuesday, May 15, 2007
Winn-Dixie Swings To Profit
Winn-Dixie Stores Inc. (WINN) swung to a third quarter profit of 33 cents per share compared with a loss last year. New stock was issued in the third quarter so comparison with last year's earnings cannot be made. Shares of the grocery chain leaped $6.72 to $26.73.
Monday, May 14, 2007
Federal Suit Filed Against Massey Energy
Federal prosecutors filed a suit against Massey Energy Co. (MEE) for violating the Clean Water Act sending the stock price tumbling $2.73 to close at $27.60.
Newfield Exploration To Buy Natural Gas Assets
Newfield Exploration Co. (NFX) will purchase the Rocky Mountain natural gas assets from Stone Energy for approximately $575 million. The stock price climbed $2.07 to close at $46.09.
DSP Group To Buy Unit From NXP
DSP Group Inc. (DSPG) will pay approximately $345 million to acquire the cordless and Internet telephone business of NXP Semiconductor. The stock price surged $2.50 to close at $20.30.
Dr. Reddy's Infringed On Eisai's Patent
A judge ruled that Dr. Reddy's Laboratories Ltd. (RDY) infringed on Eisai's patent for Aciphex sending the stock price down $1.43 to close at $15.66.
Mylan Buys Generic Drug Unit
Shares of Mylan Laboratories Inc. (MYL) fell $2.70 to close at $19.70 after the company bought Germany drugmaker Merck KGaA's generic drug business to enter a competitive industry.
Viasys To Be Bought By Cardinal Health
Viasys Healthcare Inc. (VAS) was the target of a $1.42 billion buyout offer from Cardinal Health. The stock price leaped $11.63 to close at $43.18.
Friday, May 11, 2007
Foot Locker Slashes Outlook
Foot Locker Inc. (FL) slashed its first quarter outlook sending the stock price down $1.64 to close at $21.63.
Biodel Surges In Debut
Shares of Biodel Inc. (BIOD) surged $3.00 to close at $18.00 in its market debut.
Chinese Surplus Lifts Chinese Stocks
A huge Chinese trade surplus in April lifted shares of Aluminum Corp. of China Ltd. (ACH) $2.20 to close at $33.04.
Distributed Energy Widens Losses
Distributed Energy Systems Corp. (DESC) widened first quarter losses to 37 cents per share from 20 cents per share a year earlier. The stock price plummeted 62 cents to close at 76 cents.
Although Syntax-Brillian Corp. (BRLC) swung to a third quarter profit of 9 cents per share compared with losses of 26 cents per share in the year ago period, the results fell short of expectations prompting a downgrade. Shares of the high definition television maker plunged $1.41 to close at $7.00.
Spectrum Brands Upgraded
Spectrum Brands Inc. (SPC) reported higher sales for the second quarter prompting an analyst upgrade. The stock price gained $1.00 to close at $8.19.
Thursday, May 10, 2007
Potential New Orders For Force Protection
The Pentagon may order more armored vehicles from Force Protection Inc. (FRPT). The stock price soared $3.42 to close at $26.67.
Tweeter Home Entertainment Swings To Loss
Tweeter Home Entertainment Group Inc. (TWTR) swung to a second quarter loss of $1.38 per share from earnings of 2 cents per share a year earlier and may file for Chapter 11 bankruptcy.
Earnings Slip For The Knot
First quarter earnings for The Knot Inc. (KNOT) slipped to 5 cents per share from 7 cents per share a year earlier falling 3 cents short of expectations prompting a downgrade. The stock price plunged $3.28 to close at $19.10.
Earnings Plunge For Ralcorp Holdings
Second quarter earnings for Ralcorp Holdings Inc. (RAH) plunged to 2 cents per share from 48 cents per share in the year ago period sending the stock price plummeting $13.13 to close at $54.87.
Visucal Sciences Raises Outlook
Visual Sciences Inc. (VSCN), formerly WebSideStory, posted a smaller loss and raised its guidance for its online marketing services sending the stock price soaring $3.43 to close at $14.55.
Whole Foods Misses
Whole Foods Market Inc. (WFMI) reported slowing sales and smaller profit margins to miss expectations. The stock price plunged $4.65 to close at $41.15.
Wednesday, May 09, 2007
TomoTherapy Surges In Debut
Shares of TomoTherapy Inc. (TTPY) surged $3.67 to close at $22.67 in its market debut.
Emageon Warns Of Loss
Emageon Inc. (EMAG) reported a wider than expected first quarter loss of 9 cents per share compared with a loss of 34 cents per share last year and warned of a loss for the 2007 year. The stock price plunged $3.06 to close at $8.31.
FDA Request More Data From Dendreon
The FDA requested more data for Dendreon Corp.'s (DNDN) cancer vaccine Provenge before approving the treatment sending the stock price plummeting $11.41 to close at $6.33.
Foster Wheeler Reports Higher Earnings
A surge in revenue lifted first quarter earnings for Foster Wheeler Ltd. (FWLT) to $1.60 per share compared with a loss of 8 cents per share in the year ago period. Shares of the engineering and construction services company leaped $14.60 to close at $87.75.
Profits More Than Double For Macrovision
Macrovision Corp. (MVSN) reported profits that more than doubled to 11 cents per share from 5 cents per share a year earlier as demand for its copy protection software grew. The stock price surged $4.01 to close at $28.02.
Arrow International Exploring Possible Sale
Catheter maker Arrow International Inc. (ARRO) announced that it would explore the possible sale of its company sending the stock price soaring $5.98 to close at $38.82.
Tuesday, May 08, 2007
Earnings Surge For Warnaco
Warnaco Group Inc. (WRNC) reported first quarter earnings that more than doubled to 82 cents per share from 30 cents per share last year as sales surged prompting the apparel maker to lift its full year forecast. The stock price surged $3.80 to close at $31.79.
Blue Nile Reports Higher Earnings
First quarter earnings for Blue Nile Inc. (NILE) rose to 19 cents from 13 cents a year earlier beating expectations. The stock price leaped $7.69 to close at $55.04.
Earnings Drop For DJO
DJO Inc. (DJO) reported a drop in first quarter earnings to 17 cents per share from 26 cents per share last year that fell short of expectations and forecast second quarter sales below analyst estimates. Shares of the medical device maker plunged $5.24 to close at $34.75.
Earnings Rise For aQuantive
AQuantive Inc. (AQNT) reported higher first quarter earnings that rose to 16 cents per share from 10 cents per share in the year ago period beating expectations by 7 cents. The stock price surged $3.51 to close at $33.22.
Cutera Lowers Forecast
Cutera Inc. (CUTR) lowered its forecast for the second quarter and the rest of the year for its laser skin treatment business sending the stock price plummeting $5.84 to close at $23.40.
AK Steel May Be Acquired
AK Steel Holding Corp. (AKS) may be a takeover target by Arcelor Mittal which itself was recently formed to become the world's largest steelmaker. The stock price climbed $2.96 to close at $35.02.
Monday, May 07, 2007
Darden To Sell BBQ Restaurants
Darden Restaurants Inc. (DRI) announced plans to sell its Smokey Bones Barbeque & Grill restaurants prompting an analyst upgrade. The stock price soared $2.29 to close at $45.51.
Price Target Lifted For Cooper Tire & Rubber
KeyBanc Capital Markets analyst Saul H. Ludwig lifted his price target and full year earnings estimate for Cooper Tire & Rubber Co. (CTB). The stock price climbed $1.53 to close at $23.80.
Although Tenaris SA (TS) posted higher first quarter earnings, the results fell short of expectations sending the stock price tumbling $2.75 to close at $44.77.
First quarter earnings for Entegris Inc. (ENTG) slipped to miss expectations sending the stock price down $1.09 to close at $10.81.
Ohio Casualty To Go Private
Privately-held insurer Liberty Mutual offered $2.6 billion in cash to buy Ohio Casualty Corp. (OCAS) sending the stock price soaring $9.85 to close at $43.17.
Alcoa Makes Bid For Alcan
Canadian aluminum company Alcan Inc. (AL) was the target of a $26.9 billion stock and cash bid from Alcoa Inc. (AA). Shares of Alcan leaped $21.08 to close at $82.11 while Alcoa stock surged $2.97 to close at $38.63.
Friday, May 04, 2007
21st Century Disappoints
21st Century Holding Co. (TCHC) disappointed with sharply lower first quarter earnings of 10 cents per share compared with 83 cents per share in the year ago period prompting the insurance holding company to slash its full year guidance. The stock price plummeted $8.94 to close at $11.05.
First Solar Reverses Losses
First Solar Inc. (FSLR) reversed year ago losses to report a profit of 7 cents per share for the first quarter beating expectations by a wide margin. Shares of the solar cell maker leaped $8.75 to close at $66.70.
Revenue Falls For Cray
Shares of Cray Inc. (CRAY) tumbled $2.96 to close at $9.28 after the mainframe computer maker posted a smaller loss on declining revenues.
Earnings Rise For Crocs
Crocs Inc. (CROX), maker of plastic slip-on shoes, reported higher earnings and sales that beat estimates and raised its 2007 outlook. The stock price leaped $11.44 to close at $68.85.
Reuters Received Takeover Offer
Reuters Group Plc (RTRSY) confirmed that it has received a preliminary offer for a takeover sending the stock price soaring $15.84 to close at $74.76.
Microsoft May Buy Yahoo
Yahoo Inc. (YHOO) shares climbed $2.80 to close at $30.98 on word that Microsoft Corp. (MSFT) may have reopened talks to buy the Internet portal to combine their online advertising units. Microsoft stock eased 41 cents to close at $30.56.
Thursday, May 03, 2007
GrafTech Swings To Profit
GrafTech International Ltd. (GTI) swung to a first quarter profit of 17 cents per share compared with a loss of 5 cents per share in the year ago period and lifted its full year earnings outlook. The stock price surged $1.64 to close at $12.10.
Dean Foods Warns
Dean Foods Co. (DF) warned that second quarter results as well as full year earnings will miss expectations. The stock price plummeted $3.18 to close at $33.75.
JDS Uniphase Swings To Loss
JDS Uniphase Corp. (JDSU) swung to a third quarter loss of 7 cents per share compared with earnings of 2 cents per share in the year ago period and warned that fourth quarter sales would fall short of expectations. Shares of the communications equipment provider plunged $2.31 to close at $14.33.
Sales Surge For Sirenza Microdevices
Although earnings slipped for Sirenza Microdevices Inc. (SMDI) to 2 cents per share from 4 cents per share a year earlier, sales surged to lift the stock price $1.76 to close at $10.92.
OfficeMax Inc. (OMX) returned to profitability with earnings of 76 cents per share compared with losses of 37 cents per share a year earlier, but the results missed estimates. Shares of the nation's third largest office supplies retailer plummeted $7.67 to close at $41.79.
Hansen Medical Receives FDA Approval
Hansen Medical Inc. (HNSN) received FDA approval for its robotics technologies to deliver and control catheters within the heart sending the stock price soaring $3.71 to close at $22.60.
Wednesday, May 02, 2007
Neurochem Offers $80 Million In Notes
Neurochem Inc. (NRMX) will offer $80 million in senior convertible notes through a private placement. The stock price plunged $2.49 to close at $9.10.
Chipotle Reports Higher Earnings
Chipotle Mexican Grill Inc. (CMG) reported higher first quarter earnings of 38 cents per share compared with 26 cents per share a year earlier to beat expectations by 6 cents. The strong results prompted the restaurant chain to lift its same-store sales outlook sending the stock price soaring $11.83 to close at $78.09.
Harris Statex Lowers Guidance
Harris Stratex Networks Inc. (HSTX) issued lower guidance for its microwave radio systems for wireless networks sending the stock price plunging $4.09 to close at $15.75.
Blockbuster Widens Losses
Blockbuster Inc. (BBI) blamed intense competition for widening first quarter losses to 26 cents per share from 3 cents per share a year earlier. The stock price tumbled 81 cents to close at $5.40.
CollaGenex Halts Enrollment In Study
An adverse reaction to CollaGenex Pharmaceuticals Inc.'s (CGPI) acne treatment prompted the company to halt enrollment in its clinical trial. The stock price plunged $2.60 to close at $11.42.
MasterCard's Earnings Surge
First quarter earnings for MasterCard Inc. (MA) rose to $1.57 per share from 94 cents per share in the year ago period, beating expectations by a wide margin. Shares of the world's second largest credit card network leaped $11.50 to close at $126.35.
Tuesday, May 01, 2007
News Corp. Offers $5 Billion For Dow Jones
News Corp. (NWS) made an unsolicited $5 billion bid to acquire Dow Jones & Co. (DJ) but the controlling shareholders of Dow Jones intend to vote against the offer. Shares of Dow Jones leaped $19.87 to close at $56.20 while News Corp. stock fell $1.01 to $22.99.
Earnings Rise For Watson Pharmaceuticals
An increase in generic drug sales lifted first quarter earnings for Watson Pharmaceuticals Inc. (WPI) to 29 cents per share from 23 cents per share in the year ago period, beating expectations by 5 cents. The stock price climbed $2.22 to close at $29.52.
MAF Bancorp To Be Acquired
MAF Bancorp Inc. (MAFB) was the target of a $1.9 billion all stock offer by National City. The stock price jumped $14.29 to close at $54.44.
Manitowoc's Earnings More Than Double
First quarter earnings for Manitowoc Co. (MTW) more than doubled to $1.01 per share from 48 cents per share in the year ago period surpassing expectations and prompting the company to lift its full year outlook. The stock price leaped $3.85 to close at $72.08.
Masco Beats Expectations
Masco Corp. (MAS) blamed the slowdown in the housing market for reporting lower first quarter earnings but the results beat expectations. Shares of the building products maker surged $2.59 to close at $29.80.