Hot Stock Movers: Agilent, Golfsmith, TII Network, Summer Infant
Golfsmith International Holdings, Inc. (NASDAQ:GOLF) has moved its Walnut Creek location as part of a strategy to open 10 new stores along with moving four current stores this year. Golfsmith announced Q1 EPS (19c) versus consensus (13c) and reported Q1 revenue of $90.5M versus consensus $88M. Shares are trading higher by 0.50%.
TII Network Technologies (NASDAQ:TIII) is part of a definitive merger agreement with Kelta, in which Kelta will take on Tii for $2.15 per share, or a total consideration of around $33.1M. This is around a 48% premium above the closing price of Tii’s common stock as reported on the NASDAQ Stock Market website May 11. Tii shares are trading 1.20% lower today.
A Closer Look: Groupon Earnings Cheat Sheet>>
Summer Infant, Inc. (NASDAQ:SUMR): Needham has lowered Summer Infant from Strong Buy to Hold due to the company’s guidance cut and anemic Q1 results. Summer Infant reported Q1 EPS 7c versus consensus 12c, and reported Q1 revenue $63M versus consensus $65.03M. Summer Infant shares are trading 25.99% lower today.
Agilent Technologies Inc. (NYSE:A): Stifel Nicolaus reports that Agilent FY12 guidance is likely conservative, and expects continued healthy revenue growth following Agilent’s stronger than expected Q2 results with generally in-line guidance. Stifel raised its target on the stock from $52 to $54 and holds to a Buy rating. Agilent shares are trading 5.84% higher today.
Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.