Small Cap Stocks in Spotlight on Barnes & Noble, Inc., Trina Solar Limited, McMoRan Exploration Co. and Office Depot, Inc.
Small Cap Stocks in Spotlight
(EMAILWIRE.COM, August 25, 2010 ) New York, NY -Following are among the most active small cap stock movers based on the market capitalization of $300mln-$2bln.
Barnes & Noble, Inc. (NYSE:BKS) fell 2.27% to $14.66 on over 1.36 million shares. The company on Tuesday swung to a bigger-than-expected first-quarter loss, hurt by legal expenses and comparable-sales declines at its brick-and-mortar stores.
The company reported a loss of $62.5 million, or $1.12 a share, for the three months ended July 31 compared with a profit of $12.3 million, or 21 cents a share, generated in the year-ago first quarter. Total sales rose 21% to $1.4 billion.
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Trina Solar Limited (ADR) (NYSE:TSL) added 5.76% to $23.70 on over 7.78 million shares. The company said that its second-quarter net income jumped to $38.71 million, or 52 cents per American Depository Share (ADS), from $18.6 million, or 35 cents per ADS, in the comparable quarter last year. Revenue surged to $370.76 million from $150.0 million.
Analysts, on average, expected the company to report earnings of 49 cents per share on revenue of $336.80 million.
McMoRan Exploration Co. (NYSE:MMR) soared 10.51% to $12.41 after 5.94 million shares of trade. The daily average volume of the stock is 5.94 million shares. Over the past 52-weeks, the stock has been trading within the range of $6.77-$18.80.
McMoRan Exploration Co. is engaged in the exploration, development and production of oil and natural gas offshore in the Gulf of Mexico and onshore in the Gulf Coast area of the United States.
Office Depot, Inc. (Public, NYSE:ODP) lost 5.30% to $3.75 on 8.11 million shares. The volumes are high today at 8.11 million shares traded as compared to its daily average volume of 5.82 million shares.
So far, the market capitalization of the stock stands at $1.03 billion.
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Barnes & Noble, Inc. (NYSE:BKS) fell 2.27% to $14.66 on over 1.36 million shares. The company on Tuesday swung to a bigger-than-expected first-quarter loss, hurt by legal expenses and comparable-sales declines at its brick-and-mortar stores.
The company reported a loss of $62.5 million, or $1.12 a share, for the three months ended July 31 compared with a profit of $12.3 million, or 21 cents a share, generated in the year-ago first quarter. Total sales rose 21% to $1.4 billion.
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Trina Solar Limited (ADR) (NYSE:TSL) added 5.76% to $23.70 on over 7.78 million shares. The company said that its second-quarter net income jumped to $38.71 million, or 52 cents per American Depository Share (ADS), from $18.6 million, or 35 cents per ADS, in the comparable quarter last year. Revenue surged to $370.76 million from $150.0 million.
Analysts, on average, expected the company to report earnings of 49 cents per share on revenue of $336.80 million.
McMoRan Exploration Co. (NYSE:MMR) soared 10.51% to $12.41 after 5.94 million shares of trade. The daily average volume of the stock is 5.94 million shares. Over the past 52-weeks, the stock has been trading within the range of $6.77-$18.80.
McMoRan Exploration Co. is engaged in the exploration, development and production of oil and natural gas offshore in the Gulf of Mexico and onshore in the Gulf Coast area of the United States.
Office Depot, Inc. (Public, NYSE:ODP) lost 5.30% to $3.75 on 8.11 million shares. The volumes are high today at 8.11 million shares traded as compared to its daily average volume of 5.82 million shares.
So far, the market capitalization of the stock stands at $1.03 billion.
ABOUT www.epicstockpicks.com
Epic Stock Picks provides free Penny stock newsletters on various stocks including penny stocks of the day. EpicStockPicks.com team of experts delve into the micro and small-cap world of stocks, including big board pennies, searching for equities that are undervalued, yet show great promise of future growth.
EpicStockPicks.com will not be responsible for or accept any liability for any losses arising from an investor's reliance on or use of information obtained from our website or emails.
www.EpicStockPicks.com does its best to verify, but does not guarantee the topicality, correctness, completeness and quality of information and statements presented on its website and emails. EpicStockPicks.com ‘s company officers are not registered investment advisors and do not recommend to buy, hold, or sell any securities. EpicStockPicks.com simply provides information and ideas to investors as they gather investment information. The onus is on viewers to complete their own due diligence. EpicStockPicks.com viewers should always make their own financial decisions.
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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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Tel: 732-229-0668
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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