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Los Angelas, CA -- (SBWIRE) -- 01/04/2013 -- Silicon Image Inc. (NASDAQ:SIMG) updated its fourth quarter 2012 guidance and expects revenue to be in the range of $59 million to $60 million. The Company's previous guidance for fourth quarter 2012 revenue was in the range of $64 million to $67 million. The reduction is the result of the rescheduling of certain orders by customer. For first quarter of 2013, it expects revenues to be higher sequentially based on ordering patterns driven by the continued growth of MHL and an improved consumer electronics environment. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $65 million for the fourth quarter of 2012; revenue of $65 million for first quarter of 2013.
Can SIMG Bounce Back? Find Out Here
Coinstar, Inc. (NASDAQ:CSTR) is falling more than 2 percent to $50.65. The company announced that it has appointed Scott Di Valerio, currently its finance chief, as its next chief executive officer, effective April 1, 2013, as Paul Davis is retiring on March 31, 2013.
Can CSTR Recover After The Recent fall? Find Out Here
LodgeNet Interactive Corp. (NASDAQ:LNET) is also on the move after it signed definitive deal with a syndicate formed by an affiliate of Colony Capital, a global investment firm. Pursuant to the deal, Colony Syndicate is set to provide $60 million of new capital to support a planned recapitalization of LodgeNet. Moreover, LodgeNet has been given financial support by a steering committee of its lenders holding its debt for a multi-year extension of its ongoing $346 million secured credit facility.
Can LNET Jump Again? Find Out Here
Endo Health Solutions (NASDAQ:ENDP) re-established financial guidance Thursday night, re-affirming 2012's prior outlook and, as expected, guiding expectations lower for revenue and EPS in 2013. This news will be viewed as a key clearing event for the stock as few believed the company's prior guidance, and analysts and investors have been waiting for the company to set expectations in a realistic, if not conservative, manner. With the company reducing its prior 2013 EPS outlook from a range of $5.20 to $5.40 (the Street was at $5.08) to a new range of $4.40 to $4.70, the market is likely to finally breathe a sigh of relief that earnings expectations are now beatable, not set up to disappoint.
Can ENDP Extend Gain? Find Out Here
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