Pre-Open Movers 8/19: Staples (SPLS) Lower on Guidance; WellCare Health Plans (WCG) Higher on Medicaid Agreement - Street Insider

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Pre-Open Movers 8/19: Staples (SPLS) Lower on Guidance; WellCare Health Plans (WCG) Higher on Medicaid Agreement
Aug 19, 2008 01:27 PM UTC

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Via StreetInsider.com News Articles:

StreetInsider.com Pre-Open Movers:

China TechFaith (NASDAQ: CNTF) 25% LOWER; reports Q2 EPS of $0.09, 1 cent better than the analyst estimate of $0.08. Revenues for the quarter were $56.6 million, versus the consensus of $52.84 million. Sees Q3 revenues of $30-$35 million, versus the consensus of $59.8 million.

WellCare Health Plans, Inc. (NYSE: WCG) 16% HIGHER; disclosed that on August 18, 2008, the Company entered into an agreement with AHCA, the United States Attorney's Office for the Middle District of Florida and the Florida Attorney General's Medicaid Fraud Control Unit pursuant to which two of our subsidiaries, WellCare of Florida,

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