New York, NY - May 9, 2012 - www.InvestorIdeas.com, a global investor
research portal for independent investors, reports on top percentage
gainers on the NASDAQ for Tuesday, May 08. The Nasdaq Composite fell
11.49 (-0.39%) to close at 2,946.27
SuperMedia Inc. (NASDAQ:SPMD) soared $0.56 (32.18%) to close at
$2.30 after the company reported first quarter operating revenue of $363
million, a decline of 17.1% from the same quarter last year. Net Income
was $62 million, which included a $28 million gain on early
extinguishment of debt, represents an increase of 107% from the same
quarter last year. Adjusted EBITDA was $148 million, a decline of 3.9%
from the same quarter last year. The Company’s cash balance on March 31,
2012 was $157 million.
Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) added $0.70 (25.74%) to
close at $3.42 as the company said it expects a positive vote from the
FDA for its weight loss drug, lorcaserin. The meeting is scheduled for
May 10, 2012.
Quality Distribution, Inc. (NASDAQ:QLTY) rose $1.40 (12.97%) to
close at $12.19 as the company agreed to acquire the assets of Wylie
Bice Trucking LLC and RM Resources LLC for up to $98.3 million,
expanding its presence in the North American oil patch.
Additionally, the company reported first quarter net income of $6.7
million or $0.26 per diluted share, as compared to $2.7 million, or
$0.12 per diluted share, in the same quarter last year. Total revenue
was $191.9 million, an increase of 7.9% versus the same quarter last
year.
Grand Canyon Education Inc (NASDAQ:LOPE) edged up 1.95 (12.16%) to
end at $17.98 after the company reported first quarter net income of
$14.5 million or $0.32 per share, as compared to $9.5 million or $0.21
per share for the year-ago quarter. Net revenue increased 15.2% to
$117.1 million. Analysts expected the company to earn $0.26 per share on
revenue of $113.48 million for the first quarter.
Looking forward, the company now forecasts second quarter net
revenue of $113.5 million to $115.5 million and earnings of $0.26 to
$0.27 per share. Analysts currently expect the company to earn $0.25 per
share on revenue of $113.73 million for the second quarter.
For the full year 2012, the company now forecasts net revenue of
$478 million to $486 million and earnings of $1.24 to $1.30 per share.
Analysts currently expect the company to earn $1.21 per share on revenue
of $477.53 million for the full year 2012.
Get Free investor news and stock alerts at Investorideas.com
Sign Up: http://www.investorideas.com/Resources/Newsletter.asp
Join Investor Ideas Get 13 of the best stock directories online;
Research oil and gas stocks, gold stocks, water stocks, renewable energy stocks Join: http://www.investorideas.com/membership/
About InvestorIdeas.com:
InvestorIdeas.com is a leader
in investor stock research by sector. Sectors we cover include; water
and renewable energy stocks, biotech stocks, mining and gold stocks,
energy stocks, natural gas stocks, tech (includes cloud and social
networking), defense stocks, nanotech, China stocks and agriculture.
Follow Investorideas.com on Twitter http://twitter.com/#!/Investorideas
Follow Investorideas.com on Facebook http://www.facebook.com/Investorideas
Disclaimer: Our sites do not make recommendations. Nothing on our
sites should be construed as an offer or solicitation to buy or sell
products or securities. We attempt to research thoroughly, but we offer
no guarantees as to the accuracy of information presented. All
Information relating to featured companies is sourced from public
documents and/ or the company and is not the opinion of our web sites.
This site is currently compensated by featured companies, news
submissions and online advertising.
From time to time Investorideas.com buys shares in companies it features. As a policy, Investorideas.com does not short stocks
www.InvestorIdeas.com/About/Disclaimer.asp
800-665-0411
Source � www.Investorideas.com
No comments:
Post a Comment