Morning Movers 10/28: Apria (AHG) Higher on Expected Merger Closing, PAREXEL (PRXL) Sinks On Guidance - Street Insider

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Morning Movers 10/28: Apria (AHG) Higher on Expected Merger Closing, PAREXEL (PRXL) Sinks On Guidance
Oct 28, 2008 01:39 PM UTC

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Via StreetInsider.com News Articles:

StreetInsider.com Morning Movers

Apria Healthcare Group Inc. (NYSE: AHG) 44% HIGHER; merger with an affiliate of The Blackstone Group (NYSE: BX) is scheduled to close later today.

PAREXEL (Nasdaq: PRXL) 28% LOWER; reports Q1 EPS of $0.23, 1 cent better than the analyst estimate of $0.22. Revenue for the quarter was $263 million, versus the consensus of $274.38 million. Sees Q2 EPS of $0.18-$0.20, versus the consensus of $0.27 and revs of $265-$275 million, versus the consensus of $306.7 million. Raises FY09 EPS from $1.09-$1.17 to $1.07-$1.13, versus the Street of $1.14 and revs move from $1.22-$1.25 billion to

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