Movers: Intel, Adobe, Build-A-Bear, Winnebago
Goldman upgrades to buy from neutral.
Adobe Systems (ADBE)
posted 25 cents vs. 20 cents second quarter GAAP EPS on 17% revenue rise... Sees third quarter GAAP EPS of 28 cents-$0.31 on revenue of $760M-$800M... S&P keeps hold.
Coinmach Service (DRA)
To be acquired by Babcock & Brown unit in $1.331B deal... Holders of class A shares (incl. Class A shares underlying units of Income Deposit Securities of the company) and Class B holders to get $13.55 cash per share.
Based on its net sales results for 10-week period ended June 9, co. now expects second quarter EPS of 7-10 cents, below previous guidance of 15 cents-$0.19, on a North American same-store sales decline of 7%-9%.
Terremark Worldwide (TMRK)
posted 10 cents Q4 loss vs. 50 cents loss on 61% revenue rise... Sees first quarter revenue of $32.5M-$33.5M, fiscal 2008 revenue of $185M-$190M.
Stratos Intl. (STLW)
posted 4 cents Q4 EPS vs. 9 cents loss on 26% revenue rise.
Winnebago Industries (WGO)
posted 35 cents vs. 40 cents third quarter EPS despite 5.2% revenue rise... Cites increase in mix of lower-margin motor homes in both Class A, Class C categories, as well as escalating materials, labor costs.
Smith & Wesson (SWHC)
posted 12 cents vs. 11 cents Q4 EPS on 59% rise in net product sales... Excluding Thompson/Center, sales grew 22.3%... Raises fiscal 08 sales target to $330M from $320M... Sees fiscal 2008 EPS of about 62 cents.
Media General (MEG) posted 7.8% lower May total revenue (excl. rev. from 4 NBC TV stations acquired 6/26/06)... Notes continued significant weakness in classified advertising... Freezes hiring on most open positions.
Silverleaf Resorts (SVLF)
Raises 2007 EPS outlook to 70 cents-$0.72... Cites higher-than-expected Vacation Interval sales, interest income.
Acacia Research (ACTG)
Co.'s IP Innovation unit in settlement, license deal with Apple (AAPL) covering patents that relate to graphical user interface systems.