InsWeb Corp. (Nasdaq: INSW) 67.7% HIGHER; Reported the first operating profit in the history of the Company. Revenues for the first quarter were $8.1 million, compared to $7.7 million in the first quarter of 2006 and $5.8 million in the fourth quarter of 2006. InsWeb reported net income for the first quarter of $0.4 million, or $0.10 per share. This compares to a net loss in the first quarter of 2006 of $1.7 million, or $0.41 per share, and to a net loss of $0.3 million, or $0.08 per share, in the fourth quarter of 2006. The Company was cash flow positive during the first quarter of 2007 and ended the period with cash and short-term investments of $7.1 million.
DG FastChannel (NASDAQ: DGIT) 42.3% HIGHER; Company has entered into definitive agreements with Point.360 (NASDAQ: PTSX) whereby (i) Point.360 will spin off its post production operations to Point.360 stockholders and (ii) DG FastChannel will acquire Point.360’s Ads distribution operations.
Netlist (Nasdaq: NLST) 27% LOWER; Expects to report Q1 net sales of approximately $37 million to $38 million, versus the previous guidance of $40 million to $42 million, and fully diluted earnings per share of approximately $0.02 to $0.03 per share, including estimated stock-based compensation expense of $325,000, versus the previous guidance of $0.07 to $0.08 per share. (Q1 revenue consensus is $41.2 million and EPS consensus is $0.08)
Telik, Inc. (Nasdaq: TELK) 16% HIGHER; Presented results from a Phase 2 clinical trial of the triplet combination of TELCYTA, carboplatin and paclitaxel in the first-line treatment of advanced non-small cell lung cancer. The results include highly statistically and clinically significant improvement in both progression-free survival and overall survival in responding patients who received TELCYTA maintenance therapy as compared with those who did not receive TELCYTA maintenance therapy.
Solarfun Power Holdings Co. Ltd. (Nasdaq: SOLF) 12% LOWER; CIBC World Markets downgrades SOLF from Sector Outperform to Sector Perform.
NL Industries Inc. (NYSE: NL) 11% HIGHER; Stock moving up with no specific news releases.
Fair Isaac Corp. (NYSE: FIC) 8% LOWER; Company lowers guidance. Sees Q2 revenues of $200-$202 million, versus the consensus of $212.8 million. Sees Q2 EPS of $0.35-$0.37 versus the consensus of $0.59 . Sees FY revenues of $795-$805 million, versus the consensus of $864.6 million . Sees FY EPS of $1.55-$1.65, versus the consensus of $2.53. Citigroup downgrades the stock today as well.
Callaway Golf Company (NYSE: ELY) 7.7% HIGHER; Sees Q1 revenues between $330-335 million and EPS between $0.46-0.48. (Current consensus is $322.4 million and $0.39, respectively). S&P Equity Research upgrades the stock.
Trina Solar Ltd. (NYSE: TSL) 7.3% LOWER; Stock giving back after yesterday’s approx. 20% pop with no specific news releases. (momentum play)
BCE Inc. (NYSE: BCE) 7% HIGHER; Confirmed it is reviewing its strategic alternatives. The company said it entered into discussions with a group of leading Canadian pension funds to explore the possibility of taking the publicly-traded company private. KKR has also signed the agreement and will join the Canadian-led consortium as a minority partner.
Black & Decker Corp (NYSE: BDK) 5% HIGHER; Sees Q1 net earnings per diluted share of approximately $1.60 for the first quarter of 2007. The consensus is $1.26.
InsWeb Corp. (Nasdaq: INSW) 67.7% HIGHER; Reported the first operating profit in the history of the Company. Revenues for the first quarter were $8.1 million, compared to $7.7 million in the first quarter of 2006 and $5.8 million in the fourth quarter of 2006. InsWeb reported net income for the first quarter of $0.4 million, or $0.10 per share. This compares to a net loss in the first quarter of 2006 of $1.7 million, or $0.41 per share, and to a net loss of $0.3 million, or $0.08 per share, in the fourth quarter of 2006. The Company was cash flow positive during the first quarter of 2007 and ended the period with cash and short-term investments of $7.1 million.
DG FastChannel (NASDAQ: DGIT) 42.3% HIGHER; Company has entered into definitive agreements with Point.360 (NASDAQ: PTSX) whereby (i) Point.360 will spin off its post production operations to Point.360 stockholders and (ii) DG FastChannel will acquire Point.360’s Ads distribution operations.
Netlist (Nasdaq: NLST) 27% LOWER; Expects to report Q1 net sales of approximately $37 million to $38 million, versus the previous guidance of $40 million to $42 million, and fully diluted earnings per share of approximately $0.02 to $0.03 per share, including estimated stock-based compensation expense of $325,000, versus the previous guidance of $0.07 to $0.08 per share. (Q1 revenue consensus is $41.2 million and EPS consensus is $0.08)
Telik, Inc. (Nasdaq: TELK) 16% HIGHER; Presented results from a Phase 2 clinical trial of the triplet combination of TELCYTA, carboplatin and paclitaxel in the first-line treatment of advanced non-small cell lung cancer. The results include highly statistically and clinically significant improvement in both progression-free survival and overall survival in responding patients who received TELCYTA maintenance therapy as compared with those who did not receive TELCYTA maintenance therapy.
Solarfun Power Holdings Co. Ltd. (Nasdaq: SOLF) 12% LOWER; CIBC World Markets downgrades SOLF from Sector Outperform to Sector Perform.
NL Industries Inc. (NYSE: NL) 11% HIGHER; Stock moving up with no specific news releases.
Fair Isaac Corp. (NYSE: FIC) 8% LOWER; Company lowers guidance. Sees Q2 revenues of $200-$202 million, versus the consensus of $212.8 million. Sees Q2 EPS of $0.35-$0.37 versus the consensus of $0.59 . Sees FY revenues of $795-$805 million, versus the consensus of $864.6 million . Sees FY EPS of $1.55-$1.65, versus the consensus of $2.53. Citigroup downgrades the stock today as well.
Callaway Golf Company (NYSE: ELY) 7.7% HIGHER; Sees Q1 revenues between $330-335 million and EPS between $0.46-0.48. (Current consensus is $322.4 million and $0.39, respectively). S&P Equity Research upgrades the stock.
Trina Solar Ltd. (NYSE: TSL) 7.3% LOWER; Stock giving back after yesterday’s approx. 20% pop with no specific news releases. (momentum play)
BCE Inc. (NYSE: BCE) 7% HIGHER; Confirmed it is reviewing its strategic alternatives. The company said it entered into discussions with a group of leading Canadian pension funds to explore the possibility of taking the publicly-traded company private. KKR has also signed the agreement and will join the Canadian-led consortium as a minority partner.
Black & Decker Corp (NYSE: BDK) 5% HIGHER; Sees Q1 net earnings per diluted share of approximately $1.60 for the first quarter of 2007. The consensus is $1.26.
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