(RTTNews) - Accentia Biopharmaceuticals (ABPI) jumped sharply higher on Thursday after reporting that a new study shows use of BiovaxID Formulation improves survival of cancer patients.
The stock rallied in the first hour of trading, but gave back some of its gains late in the morning. Still, the stock finished higher by more than 40%, rising $1.22 to close at $4.10. The advance took the stock to its highest level since early July.
(RTTNews) - Lumera Corp. (LMRA) ticked higher in the first half hour of Thursday's trading. After range-bound action during the middle of the day, the stock began to climb again in the final 2 hours of trading.
Lumera rose $1.49 on the day to close at $6.44. The rally added to gains posted early in the week, when the company announced a successful test of the MMW system. With the rally, the stock recorded its highest close since early 2005.
Answers Corporation (NASDAQ: ANSW), creators of Answers.com(TM) which supplies relevant answers on almost four million topics, today announced that Microsoft has chosen its 1-Click Answers(TM) application to appear on its list of recommend add-ons for the newly released Internet Explorer 7 (IE7) web browser.
With 1-Click Answers(TM), when reading information on any web page - or any other text in any program on their computer screen -users can simply press Alt-Click (press and hold the alt key while clicking with their mouse) on any word or phrase of interest to evoke an AnswerTip information bubble. This helpful mini-window instantly provides definitions, biographies, historical background, maps of countries and countless other pieces of relevant reference information from over 100 authoritative encyclopedias, dictionaries, thesauri, and other trusted sources without having to leave the site or program. A click on the "More" button in the AnswerTip window delivers more in-depth content about the topic, directly from Answers.com, into the users' browser, such as IE7. 1-Click Answers(TM) will function as an add-on for the entire Windows operating system, accessible from IE7, Outlook, Word and other Windows programs.
Answers.com's patented 1-Click Answers(TM) technology also scans surrounding words to identify the context to present results that are relevant and accurate.
"Internet Explorer 7 contains a rich list of new time-saving and convenient features," said Jay Bailey, Director of Marketing at Answers Corporation. "We are thrilled to join the add-on ecosystem."
"These recommended add-ons were chosen to help users get the most out of IE7," added Gary Schare, director of Internet Explorer Product Management at Microsoft Corp. "1-Click Answers(TM) is a highly useful product that conveniently expands our users' ability to get information from any web site being accessed through IE7, without having to leave the browser to search. Its ability to work with all Windows programs makes it a powerful Microsoft add-on."
Answers Corporation (NASDAQ: ANSW) operates www.answers.com, which supplies answers covering almost four million topics to curious Internet users. Answers.com offers clear, authoritative content drawn from over 100 high-quality titles, as well as writing by its own editorial team. Founded in 1999 by CEO Bob Rosenschein, Answers Corporation also partners with, among others, Firefox, Opera, The New York Public Library, The New York Times, and A9.com. For investment information, go to ir.answers.com. (answ-p)
Mr. Vikram Talwar, CEO and Vice Chairman and Mr. Rohit Kapoor,
President, CFO and Director of EXL Service Holdings (EXLS) will
preside over the closing bell to celebrate its listing on the NASDAQ.
NASDAQ MarketSite - 4 Times Square - 43rd & Broadway - Broadcast Studio
Friday October 20th, 2006 at 4:00 p.m. EDT
Mr. Jarrod Yahes
Head of Investor Relations & Corporate Development Operations
The closing bell is available from 3:50 p.m. to 4:05 p.m. on uplink IA-6 C-band/transponder 17. The downlink frequency is 4040 Vertical; Audio 6.2-6.8. The feed can also be found on Waterfront fiber 1623. If you have any questions, please contact Stephanie Lowenthal at (646) 441-5220.
To obtain a hi-resolution photograph of the Market Close, please go to http://www.nasdaq.com/reference/marketsite_events.stm and click on the market close of your choice.
About EXL Service Holdings (EXLS):
EXL is a recognized provider of end-to-end offshore services to the Global 1000. The company provides a broad range of services including Business Process Outsourcing (BPO), research and analytics and advisory services. As an end-to-end offshore services company, EXL has carved a niche for itself with its seasoned management and operations team at the core. EXL is an organization that strives to build lasting relationships with its clients based on consistent high-quality service delivery, trust, and confidence that is unparalleled in the industry today. With more than 7,500 professionals spread across five operations centers, EXL specializes in providing offshore services to the Banking, Financial Services, Insurance, and Utilities industry verticals. EXL is headquartered at 350 Park Avenue, New York, NY.
Thomas Weisel Partners Reiterates Synaptics Inc. At Outperform
(RTTNews) - Thomas Weisel Partners Reiterates Synaptics Inc. (SYNA) At Outperform
October 23 2006 Stocks To Watch
Indus International, Inc.
Indus International (IINT) shares jumped 46% after the Atlanta-based provider of delivery management services agreed to be acquired by an affiliate of Vista Equity Partners for $3.85 a share, or $240 million in cash. Indus will be combined with MDSI Mobile Data Solutions Inc., a Vista portfolio company. Vista is a private equity firm based in San Francisco. The deal is expected to close within the next 90 days.
(RTTNews) - Indus International Inc. (IINT) announced Monday morning that it entered into a merger agreement with Vista Equity Partners, a private equity investment firm. Stockholders of Indus will receive $3.85 in cash in exchange for each share of Indus stock. The deal is valued at approximately $240 million. Indus is now trading higher by 1.19 on 35K shares.
Indus International traded in a range for the bulk of Friday's session and closed down by 0.02 at $2.52. The stock finished near the middle of a 3-week range.
Connetics Corp. (CNCT) shares soared 46% after the company signed a $640 million merger deal with Stiefel Laboratories. Under the deal, Connetics shareholders will receive $17.50 in cash, a 62% premium to Connetics' average closing price for the past four weeks. The newly formed company, to be named Stiefel Laboratories, will have more than 3,500 employees worldwide and be a specialist in the dermatology field.
(RTTNews) - Silicom Ltd. (SILC) on Monday posted third quarter net income of $0.67 million or $0.12 per share compared to $0.38 million or $0.09 per share in the corresponding quarter in the previous year. Quarterly revenues rose 48% to $4.2 million from $2.8 million in the prior year quarter. The company noted that the results for the latest quarter were calculated on 5.35 million shares compared to 4.4 million shares in the previous year.
October 24 2006
Travelzoo Net Profit Surges, EPS Beats Estimates - Update
(RTTNews) - Internet Media Company Travelzoo Inc. (TZOO) announced the financial results for the third quarter on Tuesday, reporting a surge in net profit on higher revenue. Earnings per share for the quarter beat the estimates. Following the announcement the shares of surged by 20% on nasdaq.
The New York City-based company reported a 98% increase in net income to $4.55 million from $2.29 million a year ago. Earnings per share for the quarter soared to $0.28 from $0.13 a year ago.
On average, four analysts surveyed by First Call/Thomson Financial expected the company to earn $0.24 per share.
Quarterly revenue came in at $17.59 million, up $13.38 million a year ago. Gross profit surged to $17.35 million from $13.16 million last year. Income from operations increased to $8.13 million from $4.18 million a year ago.
For the nine-month period, net income increased to $12.52 million from $6.31 million last year. Earnings per share for the period increased to $0.76 from $0.35 per share last year.
Revenue for the nine-month period increased to $51.87 million from $36.87 million last year. Gross profit increased to $51.09 million from $36.24 million last year. Income from operations increased to $22.08 million from $11.35 million last year.
TZOO is currently trading at $38.88, up $6.48 or 20% on a more than average volume of 4.58 million shares.
UPDATE: Netflix Shares Up 18% On Strong Results
By David B. Wilkerson
CHICAGO (Dow Jones) -- Netflix Inc. shares jumped more than 18% Tuesday following its report of third-quarter earnings, as analysts said the online DVD rental firm's subscriber growth was largely unaffected by the launch of movie download services by Amazon.com and iTunes.
The shares ended at $27.37, a gain of $4.29.
Netflix (NFLX) said Monday that its third-quarter profit nearly doubled on a 48% revenue increase, as subscribers rose 58% to more than 5.6 million.
The company said it earned $12.8 million, or 18 cents a share, compared with a profit of $6.9 million or 11 cents a share in the prior year.
Excluding stock-based compensation expenses, the company would have earned $ 14.6 million, or 21 cents a share, in the latest three months. Revenue climbed to $256 million from $172.7 million.
Analysts polled by Thomson First Call were looking for a profit of 12 cents a share, excluding stock compensation, on revenue of $251.2 million.
SG Cowen analyst Jim Friedland said that "neither the recent re-acceleration in marketing by Blockbuster (BBI) Online, nor the recently launched movie downloading services by Amazon and iTunes, had any impact on the company's growth." He reiterated his outperform rating on the shares.
Amazon (AMZN) last month unveiled Amazon Unbox, which offers downloadable movies priced between $7.99 and $14.99.
Also in September, Apple Computer (AAPL) entered the movie download market, announcing a deal to offer Walt Disney Co. (DIS) films at its iTunes digita media store.
To Citigroup's Tony Wible, Netflix's "strong" forecast for 2007 "reinforces [ his] belief that the download threat has been overstated." Wible maintained his buy rating, telling clients the company is capable of "delivering superior entertainment value, scaling its business model, and increasing barriers to entry."
In 2007, Netflix expects net income of 76 cents to 83 cents a share.
Subscriber-acquisition costs, a closely watched metric for Netflix investors, rose to $45.32 per gross subscriber addition from $36.33 a year earlier.
Churn, or the rate of subscriber cancellations, fell to 4.2% from 4.3% in the same quarter last year.
For a basic subscription price of $17.99, consumers can rent as many as three DVDs at any one time. The company has a library that carries more than 50,000 titles.
Investors will be watching to see what impact a newly launched movie-download service from online-retail titan Amazon.com Inc. will have on Netflix's business.
Various on-demand platforms -- including handheld devices that allow the viewing of TV shows and movies, online streaming and cable-based on-demand offerings, together with digital-video recorders -- give consumers more control over their entertainment options than ever before. DVDs are expected to co-exist with these platforms, but not indefinitely.
For the fourth quarter, Netflix raised its revenue projection to $273 million to $278 million from its previous forecast of $267 million to $272 million.
Respondents to First Call had expected revenue of $272 million. The company sees itself ending the quarter and the year with at least 6.3 million subscribers.
For the full 2006, Los Gatos, Calif.-based Netflix sees revenue of $992.4 million to $997.4 million, up from the earlier forecast of at least $980 million.
October 25 2006
Cowen & Co. Is Raising Candela Corp. 2007 Estimate To 0.72 From 0.60
(RTTNews) - Cowen & Co.Is Raising Candela Corp. (CLZR) 2007 Estimate To 0.72 From 0.60
Candela Q1 Earnings Rise - Update
(RTTNews) - Tuesday after the bell, Candela Corp. (CLZR), engages in the development and commercialization of laser and light-based systems, announced financial results for its first quarter, reporting earnings that rose from prior year.
Wayland, Massachusetts-based company posted first quarter net income of $4.41 million or $0.18 per share, up from $3.02 million or $0.13 per share in the prior year quarter.
The Company also reported after tax earnings per share of $0.18 compared to $0.13 a year earlier. Included in the earnings per share was a charge for stock option expense of $855 thousand, Palomar related litigation expense of $500 thousand, and a gain on the sale of a minority interest in SOLX, Inc. of $3.54 million.
On average, 2 analysts surveyed by First Call/Thomson Financial expected the company to earn $0.05 per share for the first quarter.
The company's gross profit for the current quarter grew to $17.4 million from $14.6 million in the previous year quarter.
Quarterly revenue totaled $33.5 million compared to $28.09 million in the corresponding quarter a year ago. Wall Street analysts had a consensus revenue estimate of $31.26 million for the first quarter.
Gerard Puorro, Candela's President and Chief Executive Officer, said: "We are pleased with the quarter. We have set our goals for the full year at 15% - 18% top line growth, and operating profits at 15% - 18% exclusive of extraordinary litigation expenses. We are where we expected to be following our first quarter.
On Tuesday, CLZR closed its regular trading session at $10.96, up $0.06 or 0.55%. In late trading hours, the shares further gained $1.56 or 14.23%, and were at $12.52.
Buffalo Wild Wings, Inc.
Buffalo Wild Wings Leaped To A New High On Earnings News
(RTTNews) - Buffalo Wild Wings (BWLD) reported third quarter EPS of $0.40 after the close on Tuesday, with revenues of $68.3 million. The consensus estimate was for EPS of $0.31.
Buffalo Wild Wings gapped up sharply Wednesday, but traded in a range for the majority of the session, to close up by 7.91 at $49.21 on the highest volume of the year. The stock surged to a new 52-week high.