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Friday, May 11, 2012

Thursday's NASDAQ Winners: INSP, VRTU, FCFC, TSLA

New York, NY - May 11, 2012 - www.InvestorIdeas.com, a global investor research portal for independent investors, reports on top percentage gainers on the NASDAQ for Thursday, May 10. The Nasdaq Composite fell 1.07 (-0.04%) to close at 2,933.64.
InfoSpace, Inc. (NASDAQ:INSP) shares gained 21.68% to close at $13.36 after the company's first quarter profit soared on its TaxAct acquisition.
The company reported first quarter net income of $11.4 million, or $0.28 per share, from $1.3 million, or $0.04 per share, in the same period a year earlier. Revenue more than doubled, to $115.7 million from $51.7 million a year earlier.
Virtusa Corporation (NASDAQ:VRTU) added 17.08% to end at $14.67. The company reported fourth quarter revenue of $74.2 million, an increase of 27% year-over-year in reported currency. Net income for the fourth quarter was $5.8 million, or $0.23 per diluted share, as compared to $5.2 million, or $0.21 per diluted share, for the fourth quarter of fiscal 2011
Looking forward, the company expects first quarter revenue to be in the range of $75.0 to $77.0 million with diluted earnings per share (EPS) of $0.20 to $0.24. For fiscal 2013, it expects revenue to be in the range of $314.0 to $330.0 million with diluted EPS of $0.95 to $1.11. Analysts were expecting the company to report revenue of $77 million and EPS of $0.23 for first quarter of 2013; revenue of $327 million and EPS of $1.06 for fiscal 2013.
FirstCity Financial Corporation (NASDAQ:FCFC) shares climbed to close at $9.69. The company reported first quarter 2012 earnings of $8.4 million or $0.80 per diluted share.
The company's Portfolio Asset Acquisition and Resolution business segment reported $10.8 million in earnings, comprised primarily of $17.2 million in revenues, $4.5 million of equity income from unconsolidated subsidiaries, and $9.5 million of operating costs and expenses.
Moreover, FirstCity and its partners acquired $91.2 million of portfolio assets with a face value of $210.1 million, during the first quarter of 2012.
Tesla Motors Inc(NASDAQ:TSLA) shares gained 9.65% to close at $32.96 after the company reported first-quarter net loss of $89.87 million or $0.86 per share, as compared to $48.94 million or $0.51 per share in the same quarter last year. Non-GAAP net loss widened to $79.32 million or $0.76 per share. Total revenues for the quarter dropped to $30.17 million from $49.03 million in the comparable quarter last year.
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