Big Gainers & Losers (VPF, SCEI, ZOLL, PERY, ZIPR)

Published on Thursday, 17 November 2011 13:25 Written by Paul Oldrini

New York, November 17^th (TradersHuddle.com) – Valpey-Fisher Corporation (NASDAQ:VPF) was rallying 60% to $4.08 after CTS Corporation and Valpey Fisher Corporation announced that they have entered into a definitive merger agreement providing for the cash acquisition of Valpey Fisher by CTS. Upon closing of the transaction, Valpey-Fisher will operate as an indirect wholly-owned subsidiary of CTS. Pursuant to the terms of the definitive agreement, CTS will acquire 100% of the issued and outstanding equity of Valpey-Fisher for $4.15 per share for a total purchase price of approximately $18 million. Valpey-Fisher has $3 million of cash and is essentially debt free.

Sino Clean Energy Inc. (NASDAQ:SCEI) was surging 44.23% to $1.50 after the company reported third quarter revenues of $17.2 million, a decrease of 31.2% from $24.9 million in the same quarter of 2010. Net income in the third quarter of 2011 was $3.3 million, a decrease of 41.7% from $5.6 million in the same quarter of 2010. The company announced that it reconfirms fiscal 2011 guidance and expects revenue of $101.5 to $110.7 million. The Company expects Non-GAAP adjusted earnings to be in the range of $23.02 million to $24.80 million and full year adjusted earnings per share (EPS) of between $0.98and $1.06.

ZOLL Medical Corporation (NASDAQ:ZOLL) was rallying 23.50% to $44.04 after the company’s fiscal fourth-quarter earnings jumped 65% due to gaining momentum in North American defibrillator sales. For the quarter ended Oct. 2, the company posted a profit of $11.9 million, or $0.52 a share, up from $7.2 million, or $0.33 a share, in the same period a year earlier. Revenue increased 26% to $151.9 million. Analysts surveyed by Thomson Reuters expected earnings of $0.49 a share on revenue of $143 million.

Perry Ellis International, Inc. (NASDAQ:PERY) was plunging 34.31% to $14.08 after the company announced that for fiscal 2012, it expects total revenue of approximately $1.0 billion, EBITDA in a range of approximately $75 million to $80 million and fully diluted adjusted earnings per share (EPS) at or above $2.00. This compares to prior guidance of $90 million in EBITDA and fully diluted adjusted earnings per share in the range of $2.45 to $2.52. On average analysts were expecting the Company to report revenue of $1.015 billion, EBITDA of $91 million and EPS of $2.51 for fiscal 2012.

ZipRealty, Inc. (NASDAQ:ZIPR) was slumping 19.54% to $1.40 after the company signed CB Hearthside Realtors of Philadelphia and Bob Parks Realty located in Nashville, to its "Powered by Zip" program that provides brokerages with a comprehensive solution to attract, incubate and close real estate buyers and sellers via the online channel.