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Friday, April 27, 2012

Thursday's NASDAQ Top Gainers: PATK, LOGI, CRUS, AMRN

New York, NY - April 27, 2012 - www.InvestorIdeas.com, a global investor research portal for independent investors, reports on top percentage gainers on the NASDAQ for Thursday, April 26th. The Nasdaq Composite rose 20.98 (0.69%) to close at 3,050.61.
Patrick Industries, Inc. (NASDAQ:PATK) shares edged higher by 2.50 (27.96%) to $11.44 after the company said that it earned $5.0 million or $0.47 a share on revenue of $102.7 million in its first-quarter, compared to a year ago profit of $6.2 million or $0.60 a share on revenue of $33.2 million.
Logitech International SA (USA) (NASDAQ:LOGI) added 1.67 (21.44%) to close at $9.46 on Thursday after the company reported stronger-than-anticipated fourth quarter earnings. The company posted net income of $28.3 million, or 17 cents per share, compared to a year ago profit of $2.8 million or 2 cents a share. Revenue during the latest quarter grew 3%to $532 million from $547.6 million. Analysts were estimating the company to report 9 cents per share on revenue of $499.4 million
Cirrus Logic, Inc. (NASDAQ:CRUS) was up 4.30 (18.62%) to end at $27.39 and made a new 52-week high of $27.49 after the company posted above estimate fourth quarter earnings. Net income came at $50.8 million, or 75 cents a share, down from a year ago profit of $130.4 million, or $1.80 a share. On an adjusted basis, the company would have earned 36 cents a share, topping analysts’ estimates by 2 cents. Revenue rose $110.6 million, from $91.4 million a year earlier. For the current quarter, the company projects to generate revenue within a range of $96 million and $106 million. Analysts are expecting $106.6 million.
Amarin Corporation plc (ADR) (NASDAQ:AMRN) shares jumped 1.72 (17.23%) to $11.70 on renewed rumors that the company could be an acquisition target. Amarin Corporation plc is a clinical-stage biopharmaceutical company focused on developing improved treatments for cardiovascular disease.
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