Tuesday, April 26, 2011

Endocyte (ECYT) (UCTT) (WTI) (HSTM) (IIVI) (REDF) Make Big, Positive Moves

Endocyte, Inc., (NASDAQ: ECYT), Rediff.com India Limited (NASDAQ: REDF), Ultra Clean Holdings Inc. (NASDAQ: UCTT), W&T Offshore Inc. (NYSE: WTI), Healthstream Inc. (Nasdaq: HSTM) and II-VI Inc. (Nasdaq: IIVI) were trading up positive today, soaring in a range of 15 percent to over 30 percent in the case of Endocyte, Inc.

Endocyte, Inc. was up over 30 percent after announcing its plan to prepare two marketing authorization applications to the European Medicines Agency. These two marketing applications are for the company's lead drug candidate EC145 for the treatment of platinum-resistant ovarian cancer and its companion imaging diagnostic EC20 for patient selection. The filings will be based on the results of the randomized Phase 2 PRECEDENT trial and supported by a Phase 2 single agent EC145 clinical trial.

Rediff.com India Limited was up over 23.6 percent; it introduced Rediff Deal Ho Jaye!, a service targeting group deals. Rediff.com Deal Ho Jaye! offers will come from local merchants in each city. Consumers will be empowered to track upcoming promotions by subscribing to the Deal Ho Jaye! email newsletter or by SMS.

II-VI Inc. was trading up over 21 percent; it reported third-quarter EPS of $0.72, $0.19 above the analyst estimate of $0.53. Revenue for the quarter exceeded expectationg, reaching $130 million against the consensus estimate of $121.07 million. Guidance for EPS for the fourth quarter of 2011 was $0.68 - $0.73, against the consensus of $0.57. II-VI Inc. sees fourth quarter 2011 revenue of $129 - $134 million, against the consensus of $129.52 million. Full year 2011 EPS is expected to reach $2.58 - $2.63, against the consensus of $2.29. Full year 2011 revenue is projected to reach $500 - $505 million, against the consensus of $489.63 million.

Healthstream Inc. is trading almost 19 percent up; the company reported first quarter EPS of $0.07, $0.03 above the analyst estimate of $0.04. Revenue for the quarter came in at $18.5 million against the consensus estimate of $17.68 million.

W&T Offshore Inc. is trading over 16.0 higher; it reported first quarter EPS of $0.43, $0.12 above the analyst estimate of $0.31. Revenue for the quarter reached $210.9 million against the consensus estimate of $198.59 million.

Ultra Clean Holdings Inc. jumped over 15 percent; it reported first quarter EPS of $0.25, $0.04 above the analyst estimate of $0.21. Revenue for the quarter reached $126.7 million against the consensus estimate of $121.65 million. Ultra Clean Holdings Inc. projects second quarter EPS of $0.26-$0.29, against the consensus of $0.24. For the second quarter revenue estimates are from $128-$133 million, against consensus of $125.24 million.

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