Investorideas.com

Investorideas.com
Breaking News

Investorideas.com newswire

Thursday, May 3, 2012

Wednesday's NASDAQ Top Percentage Winners: SMSC, PZZA, WWWW, RLOC

New York, NY - May 3, 2012 - www.InvestorIdeas.com, a global investor research portal for independent investors, reports on top percentage gainers on the NASDAQ for Wednesday, May 02. The Nasdaq Composite jumped 9.41 (0.31%) to close at 3,058.85.
Standard Microsystems Corporation (NASDAQ:SMSC) soared $10.17 (38.76%) to close at $36.43 after Micron Technology, Inc. (NASDAQ:MU) reached an agreement to acquire the company for about $939 million or $37 a share, a 41% premium to its Tuesday closing price of $26.24. Shares of SMSC made a 52-week high of $36.60 earlier in the session.
Papa John's Int'l, Inc. (NASDAQ:PZZA) rose $7.87 (19.93%) to end at $47.36 after the company lifted its full-year outlook. The company now expects to earn $2.40 to $2.50 a share, up from its earlier forecast of $2.33 to $2.43 per share, ahead of analysts' estimates of $2.36 per share. For the first quarter, the company reported net income of $16.7 million, or 69 cents per share, up from a year ago profit of $16.4 million, or 64 cents per share. Excluding some costs, the company would have earned 79 cents a share. Quarterly revenue grew 6% to $331.3 million.
Web.com Group, Inc. (NASDAQ:WWWW) shares edged up $2.49 (19.36%) to close at $15.35 after the company said that it lost $29.7 million or 65 cents per share on revenue of $91.5 million in its first quarter, compared to a year ago loss of $5.7 million, or 21 cents on revenue of $39.4 million. Moreover, the stock made a 52-week high of $19.43 earlier in the session.
ReachLocal Inc. (NASDAQ:RLOC) added $1.30 (17.26%) to finish at $8.83 as the company reported a better-than-estimated first quarter earnings. The company reported a net loss of 1 million or 3 cents, down from a year ago loss of $2.67 million or 9 cents a share, ahead of analysts' forecast of a loss of 6 cents a share. Revenue during the quarter grew to 24% to $104 million, from $84 million a year ago.
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
Post a Comment