Thursday's NASDAQ Top Gainers: PATK, LOGI, CRUS, AMRN
Patrick Industries (NASDAQ:PATK) Soars On Solid Earnings
Ideas get bigger when you share them...
News about Patrick Industries, Inc.
New York, NY - April 27, 2012 - www.InvestorIdeas.com, a global investor research portal for independent investors, reports on top percentage gainers on the NASDAQ for Thursday, April 26th. The Nasdaq Composite rose 20.98 (0.69%) to close at 3,050.61.
Patrick Industries, Inc. (NASDAQ:PATK) shares edged higher by 2.50 (27.96%) to $11.44 after the company said that it earned $5.0 million or $0.47 a share on revenue of $102.7 million in its first-quarter, compared to a year ago profit of $6.2 million or $0.60 a share on revenue of $33.2 million.
Logitech International SA (USA) (NASDAQ:LOGI) added 1.67 (21.44%) to close at $9.46 on Thursday after the company reported stronger-than-anticipated fourth quarter earnings. The company posted net income of $28.3 million, or 17 cents per share, compared to a year ago profit of $2.8 million or 2 cents a share. Revenue during the latest quarter grew 3%to $532 million from $547.6 million. Analysts were estimating the company to report 9 cents per share on revenue of $499.4 million
Cirrus Logic, Inc. (NASDAQ:CRUS) was up 4.30 (18.62%) to end at $27.39 and made a new 52-week high of $27.49 after the company posted above estimate fourth quarter earnings. Net income came at $50.8 million, or 75 cents a share, down from a year ago profit of $130.4 million, or $1.80 a share. On an adjusted basis, the company would have earned 36 cents a share, topping analysts’ estimates by 2 cents. Revenue rose $110.6 million, from $91.4 million a year earlier. For the current quarter, the company projects to generate revenue within a range of $96 million and $106 million. Analysts are expecting $106.6 million.
Amarin Corporation plc (ADR) (NASDAQ:AMRN) shares jumped 1.72 (17.23%) to $11.70 on renewed rumors that the company could be an acquisition target. Amarin Corporation plc is a clinical-stage biopharmaceutical company focused on developing improved treatments for cardiovascular disease.
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/
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
Source - www.Investorideas.com
This news is published on the Investorideas.com Newswire and its syndicated partner network
Get Investorideas.com investor news and stock alerts
Free Sign Up: http://www.investorideas.com/Resources/Newsletter.asp