U.S. Movers: AngioDynamics, Express Scripts, IDT Corp., Illumina

Mukesh Buch
07 Oct, 2011
New York City

Express Scripts lowered annual earnings guidance. IDT fourth quarter net income declined 97%. Illumina estimated third quarter revenue of $235 million. ServiceSource expects to report third quarter revenues to exceed $49 million.

[R]11:10 AM New York – Express Scripts lowered annual earnings guidance. IDT fourth quarter net income declined 97%. Illumina estimated third quarter revenue of $235 million. ServiceSource expects to report third quarter revenues to exceed $49 million.[/R]

AngioDynamics, Inc. ((ANGO)) decreased 1.6% or 23 cents to $14.04 after the medical equipments provider said first quarter net sales increased 6% to $54.4 million compared to $51.5 million in the same period last year. Net income in the quarter fell to $1.4 million or 5 cents per diluted share compared to $1.9 million or 8 cents per share a year ago.

Express Scripts, Inc. ((ESRX)) slipped 3.1% or $1.25 to $38.76 after the healthcare facilities provider lowered its annual adjusted earnings per share outlook between $2.95 and $3.05 from the previous estimate of $3.15 to $3.25.

IDT Corporation ((IDT)) dropped 9.1% or $1.97 to $19.46 after the communication service provider said fourth quarter revenues increased 14.9% to $407.5 million compared to $354.6 million in the same period last year. Net income in the quarter declined 97% to $0.2 million or 1 cent per diluted share compared to $7.5 million or 33 cents per share a year ago.

Illumina, Inc. ((ILMN)) declined 29.9% or $11.93 to $27.98 after the genetic analysis solution provider estimated third quarter revenue of approximately $235 million.

J. C. Penney Company, Inc. ((JCP)) increased 1.4% or 41 cents to $28.83 after the department store operator said due to weaker than anticipated sales in first two months of the quarter the company now expects flat comparable store sales for third quarter.

ServiceSource International, LLC ((SREV)) soared 12.2% or $1.64 to $14.99 after the data management provider expects to report third quarter revenue above $49 million compared to previous guidance between $45 million and $46 million and net loss of $4.5 to $5 million.