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Thursday, May 3, 2012

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

New York, NY - May 3, 2012 -, 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. 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.
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