11 Intraday Movers and Shakers

Trouble may be ahead for one retailer.

   

The following are some of today’s most notable movers of interest, categorized by market capitalization (large-cap over $10 billion and mid cap between $2-$10 billion) and ranked by percent change (all stocks over 100,000 average daily volume).

Large Cap Gainers

  • Ralph Lauren (NYSE:RL) $174.54 – $179.83, +7.63%): RL bested quarterly estimates by 2 cents ($2.40 excluding items versus $2.18 estimate). In addition, revenues rose 5.1% year over year to $1.85 billion versus estimates of $1.85 billion. Management said it sees fourth-question revenue growth in the mid-single digits compared to % consensus.
  • Time Warner (NYSE:TWX) $50.70 – $55.23, +4.40%: The company beat quarterly EPS by 7 cents ($1.17 excluding items versus estimates of 10 cents). However, revenues dropped 0.4% year over year to to $8.16 billion versus estimates of $8.24 billion. The company expects low double-digit adjusted EPS growth for fiscal year 2013 versus consensus of 11.5% .
  • Moody’s (NYSE:MCO) $45.51 – $48.48, +3.24%: Received an upgrade from Raymond James to Strong Buy from Outperform and is recovering a bit after  a steep decline stemming from a potential Department of Justice lawsuit

Large Cap Losers

  • CH Robinson Worldwide (NASDAQ:CHRW) $60.18 – $61.97, -9.67%: Reported an EPS miss by 2 cents of 68 cents versus estimates of 70 cents) but revenues jumped 15.7% year over year to $2.97 billion versus estimates of $2.86 billion. However, the stock analysts at Bank of America (NYSE:BAC)/Merrill downgraded it to Underperform from Buy and analysts at Raymond James downgraded it to Market Perform
  • Melco Crown Entertainment (NASDAQ:MPEL) $19.10 – $20.00, -6.10%: Q4 EPS was inline at 20 cents, but revenues increased 9.3% year over year to $1.1 billion versus estimates of $1.03 billion. Beijing’s crack down on junket operators is attributed to weakness in Macau gaming companies
  • Liberty Holdings (NASDAQ:LBTYA) $63.79 – $66.28, -4.94%: The company will acquire Virgin Media for about $23.3 billion, which is an implied price of about $47.87 per share. The company said it expects fourth-quarter revenues of $2.73 billion versus $2.66 billion estimate.

Mid Cap Gainers

  • Zynga (NASDAQ:ZNGA) $2.76 – $3.12, +11.01%): It bested quarterly EPS by 4 cents (1 cents excluding c6items versus an estimated loss of 3 cents). Revenues were unchanged year over year at $311 million, though daily active users increased to 56 million from 54 million in prior year.
  • Reliance Steel and Aluminum (NYSE:RS) $68.00 – $71.38, +9.32%: The company will acquire Metals USA (NASDAQ:MUSA) for $20.65 per share in cash.
  • 3D Systems (NYSE:DDD) $63.61 – $67.10, +6.52%: It will conduct a three-for-two stock split.

Mid Cap Losers

  • Elan Corp. (NYSE:ELN) $9.38 – $10.60, -8.60%: The company reported Q4 EPS of $0.15 and revenues rose 18.0% year over year to $319.8 million versus $319.4 million estimates. The firm also restructured Tysabri collaboration with Biogen Idec (NASDAQ:BIIB), so that Elan will receive a payment of $3.25 billion upfront and double-digit tiered royalties in exchange for a 50% holding.
  • GameStop (NYSE:GME) $23.75 – $25.16, -6.64%: The stock dropped on speculation that next-generation gaming systems will strive to limit or eliminate reselling games .

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