US Stocks Showing Very Unusual Moves : (ATAC, SMOD, FINL)
Unusual Stocks Moves .
(EMAILWIRE.COM, March 26, 2010 ) Dallas, Tx - ATC Technology Corp. (NASDAQ:ATAC) plunged 24% to $17.97 after the company cuts its 2010 outlook and forecast first-quarter results below analysts’ estimates.
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The company projects first-quarter earnings of 30 cents a share, on revenue of about $100 million, well below the analysts estimates of earnings of 47 cents a share on revenue of $120.2 million.
On the other hand, the company also said that it now expects full year earnings of $1.75 - $1.95 a share and revenue of $475 million to $500 million, while it had earlier forecasted earnings of $2.13 - $2.45 a share, on revenue of $515 million - $550 million.
Analysts were looking for earnings of $2.31, on revenue of $534 million.
Smart Modular Technologies Inc (NASDAQ:SMOD) soared 14.50% to $8.20 after hitting a new 52-week high of $8.74 following the company posted a solid quarterly earnings and provided a strong outlook for the current quarter.
For the second quarter, the company earned $16.1 million, or 25 cents a share, compared to a loss of $1.9 million, or 3 cents a share, in the year-ago period. Adjusted earnings were 23 cents a share.
Revenue grew 47% to $160.1 million.
Analysts were expecting the company earnings of 14 cents a share on revenue of $142.5 million.
The company expects third-quarter adjusted earnings of 18 cents - 22 cents a share and revenue of $175 million to $185 million easily beat the estimated earnings of 8 cents a share on revenue of $143.8 million.
The Finish Line, Inc. (NASDAQ:FINL) jumped 8% to its new 52-week high of $15.86 after the company posted a better-than-the-expected fourth quarterly earnings.
The company reported net profit of $30.6 million, or 55 cents per share, compared with a year-ago net loss of $1.4 million, or 3 cents per share. On an adjusted basis, the company earned 61 cents per share, higher than the analyst’s estimates of 48 cents per share.
Revenue grew 8.9%to $374.5 million in the quarter, helped by a same-store sales jump of 10%. That compared with a 2.3%same-store sales decline in the year-ago period.
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The company projects first-quarter earnings of 30 cents a share, on revenue of about $100 million, well below the analysts estimates of earnings of 47 cents a share on revenue of $120.2 million.
On the other hand, the company also said that it now expects full year earnings of $1.75 - $1.95 a share and revenue of $475 million to $500 million, while it had earlier forecasted earnings of $2.13 - $2.45 a share, on revenue of $515 million - $550 million.
Analysts were looking for earnings of $2.31, on revenue of $534 million.
Smart Modular Technologies Inc (NASDAQ:SMOD) soared 14.50% to $8.20 after hitting a new 52-week high of $8.74 following the company posted a solid quarterly earnings and provided a strong outlook for the current quarter.
For the second quarter, the company earned $16.1 million, or 25 cents a share, compared to a loss of $1.9 million, or 3 cents a share, in the year-ago period. Adjusted earnings were 23 cents a share.
Revenue grew 47% to $160.1 million.
Analysts were expecting the company earnings of 14 cents a share on revenue of $142.5 million.
The company expects third-quarter adjusted earnings of 18 cents - 22 cents a share and revenue of $175 million to $185 million easily beat the estimated earnings of 8 cents a share on revenue of $143.8 million.
The Finish Line, Inc. (NASDAQ:FINL) jumped 8% to its new 52-week high of $15.86 after the company posted a better-than-the-expected fourth quarterly earnings.
The company reported net profit of $30.6 million, or 55 cents per share, compared with a year-ago net loss of $1.4 million, or 3 cents per share. On an adjusted basis, the company earned 61 cents per share, higher than the analyst’s estimates of 48 cents per share.
Revenue grew 8.9%to $374.5 million in the quarter, helped by a same-store sales jump of 10%. That compared with a 2.3%same-store sales decline in the year-ago period.
ABOUT http://www.SuperNovaStockPicks.com
Super Nova Stock Picks is an independent electronic publication providing stock news alerts on top stocks in various sectors. You can take advantage of the information provided on various stocks to make big gains in the stock market. We track various sectors like financial stocks, Penny Stocks , NASDAQ and NYSE stocks and more. So far thousands have benefited by our daily stock alerts which keeps investors updated on the latest development in the stock market.
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SuperNova
Jim
Tel: 214-5566798
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
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