Mali coup rattles Randgold Resources


Management Says Activities Unaffected

A coup toppled the government in Mali, where Randgold Resources has major operations. GOLD drops 12 percent before the bell, despite management's statement that business is running smoothly.

Shoe Carnival Pops on Results, Strong Guidance

Shoe Carnival reported earnings of $0.24 on revenues of $181.9 million beating both top- and bottom-line analyst estimates of $0.21 and $180.9 million.  The company also issued first-quarter guidance that was well above consensus estimates.  SCVL climbs 10 percent on my tradeMONSTER platform before the bell.

Bears Feast on Sonic After Revenue Miss

Hamburger chain Sonic reported second-quarter earnings slightly ahead of consensus, but revenue was just $115.1 million. Analysts had expected $116.5 million. Management also expressed uncertainty about demand going forward. Traders are hitting the sell button, and SONC is down 4 percent in premarket action.

Pozen Climbs on Positive Drug-Trial Results

Pozen announced positive results from Phase 3 clinical trials of its PA32540 pain-killer compound. Management said that a key goal of reduced stomach ulcers was accomplished, driving POZN higher by 16 percent before the bell.

Sturm Ruger Faces Runaway Firearm Demand

Sturm Ruger has happy problems. The firearms maker announced it has temporarily stopped accepting new orders because it can't keep up with demand. Customers have ordered more than 1 million units so far this year, outstripping the company's production capacity. RGR shoots higher by 11 percent on the news.

Luby's Raises Guidance

Luby's reported second-quarter results yesterday afternoon, but the real news was in the guidance. The restaurant operator now expects full-year earnings of $0.15 to $0.18 a share, up from its previous $0.09 to $0.12 range. LUB surged 10 percent after the bell yesterday but isn't trading yet this morning.

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