Beazer Homes USA Inc. (NYSE: BZH) 14% LOWER; reports from BusinessWeek the FBI is investigating the company on possible lending fraud.
iMergent, Inc. (AMEX: IIG) 8% HIGHER; increased guidance with respect to Net Dollar Volume of Contracts Written for its fiscal year ending J
une 30, 2007. Management now expects NDVCW to grow approximately 45 percent to 50 percent over fiscal 2006 NDVCW of $99.8 million. Management previously expected NDVCW growth to be 40 percent over the prior year’s NDVCW. NDVCW is not a GAAP metric, but the company believes NDVCW is a consistent and relevant metric to understand the operations of the company.
Aruba Networks (Nasdaq: ARUN) 4% LOWER; Today’s hot IPO gives back some of its 28.7% gains.
Hovnanian Enterprises Inc. (NYSE: HOV) 4% LOWER; reports from BusinessWeek the FBI is investigating Beazer Homes for possible lending fraud.
Pulte Homes Inc. (NYSE: PHM) 3% LOWER; reports from BusinessWeek the FBI is investigating Beazer Homes for possible lending fraud.
AngioDynamics, Inc. (NASDAQ: ANGO) 3.5% LOWER; reports Q3 adjusted EPS of $0.18 (GAAP EPS was a $0.55 loss) vs. consensus of $0.16. Revenues were $26.7 million vs. $28.39 million consensus. Sees Q4 revenues between $40-43 million vs. consensus of $38.62 million. Sees Q4 EPS of $0.13 and adjusted EPS 0.25 vs. consensus of $0.20.
Atherogenics Inc. (Nasdaq: AGIX) 3% LOWER; call on ARISE Phase III clinical study results. Stock was down 9.5% intra-day. AGI-1067 did not show a difference from placebo in the composite primary endpoint, but did achieve a number of other important predefined endpoints.
Lennar Corp. (NYSE: LEN) 1.8% LOWER; reports from BusinessWeek the FBI is investigating Beazer Homes for possible lending fraud.
