stec inc

STEC, Inc. (NASDAQ: STEC) 36% LOWER; reported Q2 EPS of $0.23, $0.01 worse than the analyst estimate of $0.24.

Revenue for the quarter came in at $82.5 million versus the consensus estimate of $83.28 million. Sees Q311 EPS of $0.08-$0.10, versus the consensus of $0.31.

STEC, Inc. sees FY2011 revenue of $70-$72 million, versus the consensus of $95.96 million. TeleNav, Inc. (NASDAQ: TNAV) 32% LOWER; reported Q4 EPS of $0.22, $0.02 better than the analyst estimate of $0.20.

STEC, Inc. (NASDAQ: STEC) 13.4% LOWER; reported Q1 EPS of $0.32, in-line with the analyst estimate of $0.32.

Revenue for the quarter came in at $94.9 million versus the consensus estimate of $91.59 million. Sees Q2 2011 revenue of $80-$90 million, versus the consensus of $93.7 million.

Wave Systems Corp (NASDAQ: WAVX) 10.4% LOWER; reported Q1 EPS of ($0.03), versus ($0.01) reported last year.

Revenue for the quarter came in at $7.48 million, versus $5.87 million reported last year. AgFeed Industries, Inc.

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Credit Suisse upgrades FPL Group (NYSE: FPL) from Neutral to Outperform. BMO Capital upgrades Salix Pharmaceuticals (NASDAQ: SLXP) from Market Perform to Outperform with a price target increased from $23 to $40.

STEC, Inc. (Nasdaq: STEC) 22.7% LOWER; reports Q4 EPS of $0.51, ex-items, inline with the analyst estimate of $0.51.

Revenue for the quarter was $106 million, which compares to the estimate of $101.84 million. Sees Q1 sales of $33-$35 million on an adj-loss of $0.11-$0.13.

The Street is currently looking for Q1 sales of $79.73 million on EPS of $0.29. To buyback up to $80 million in common stock.

Salix Pharmaceuticals, Ltd.

STEC, Inc. (NASDAQ: STEC) 32.2% LOWER; reports Q3 EPS of $0.50, 3 cents better than the analyst estimate of $0.47.

Revenue for the quarter was $98.30 million, which compares to the estimate of $96.58 million. Sees Q4 EPS $0.51 - $0.53, versus $0.52 consensus.

Also sees Q409 sales $101 - $103 million, versus $106 million. Quality Distribution Inc. (NASDAQ: QLTY) 26% HIGHER; reports Q3 EPS of $0.06, 4 cents better than the analyst estimate of $0.02.

Revenue for the quarter was $162.8 million, which compares to the estimate of $154.65 million.