Wednesday's NASDAQ Winners: CISG, SODA, CPWM, FCAL
CNinsure (ADR) (NASDAQ:CISG) soared On High Volume
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News about Sodastream International Limited
New York, NY - May 10, 2012 - www.InvestorIdeas.com, a global investor research portal for independent investors, reports on top percentage gainers on the NASDAQ for Wednesday, May 09. The Nasdaq Composite fell 11.56 (-0.39%) to close at 2,934.71.
CNinsure Inc. (ADR) (NASDAQ:CISG) shares jumped 32.48% and closed at $7.79. The company will release its financial results for the first quarter 2012 on May 22, 2012. The company expects total net revenues to grow by less than 5% for the first quarter of 2012 compared to the corresponding period of 2011. The 52 week trading range for the company is $5.23 - $17.69.
Sodastream International Limited (NASDAQ:SODA) stock added 26.41% to close at $36.90 after the company reported first quarter net income of $10.1 million from $5.5 million in the year ago period. Earnings per share increased to $0.48, as compared to $0.28 in the first quarter of 2011. Adjusted net income was $11.5 million for the period. Total revenues increased 50.2%to $87.9 million. Analysts expected the company to report earnings of $0.35 per share on revenues of $56.82 million for the quarter.
Looking forward, the company now expects 2012 net income to increase approximately 50% over 2011 net income of $27.5 million and revenues to increase approximately 33% over 2011 revenues of $289.0 million. Analysts expect the company to report revenues of $282.83 million for fiscal 2012.
Cost Plus, Inc. (NASDAQ:CPWM) shares climbed 21.90% to end at $21.93 after Bed Bath & Beyond Inc. agreed to acquire the company for $550 million or $22 per share in cash, a 22% premium over the stock's closing price of $17.99 on Tuesday.
First California Financial Group, Inc. (NASDAQ:FCAL) shares rose 19.61% and closed at $6.71. The company announced, in response to PacWest Bancorp's unsolicited and highly conditional offer to acquire First California Financial Group for shares of PacWest common stock, that its Board of Directors promptly reviewed the proposal and sought further clarifying information from PacWest concerning the terms and value of the proposal and related matters.
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