Friday’s NASDAQ Winners: SBSA, ANAC, INTX, PRMW
Spanish Broadcasting System Inc (NASDAQ:SBSA) Shares Jump over 46% n Solid Earnings
Category: Investment, NASDAQ
Visit this company: www.spanishbroadcasting.com
POINT ROBERTS - November 14, 2011 - www.InvestorIdeas.com, a global investor research portal for independent investors, reports on top percentage gainers on the NASDAQ for Friday November 11th. NASDAQ ended higher by 53.60 (2.04%) to close at 2,678.75.
Spanish Broadcasting System Inc (NASDAQ:SBSA) was biggest percentage gainer and ended with a move of 0.99 (46.92%) to $3.10 following the company said that it earned $6.31 million or $0.87 per share, higher than last year's $596,000 or $0.08 per share last year. Revenue rose to $36.41 million from $34.55 million.
Anacor Pharmaceuticals, Inc. (NASDAQ:ANAC) surged 1.05 (18.01%) to $6.88 after analyst at Canaccord Genuity maintains a 'Buy' on Anacor Pharmaceuticals with a price target of $11.00.
Intersections Inc. (NASDAQ:INTX) gained 1.76 (17.09%) to $12.06 on very unusual volume of 248K shares, compared to its average volume of 80K shares. On Wednesday after the bell, the company announced financial results for the quarter ended September 30, 2011. Revenue for the quarter ended September 30, 2011 was $94.3 million, as compared to $89.3 million for the quarter ended September 30, 2010. Consolidated adjusted EBITDA from continuing operations before share related compensation for the quarter ended September 30, 2011 was $13.3 million, compared to $12.9 million for the quarter ended September 30, 2010.
Primo Water Corporation (NASDAQ:PRMW), a provider of bottled water exchange and refill services, innovative beverage appliances and related consumables ,also climbed 0.48 (15.69%) to $3.54 bouncing back from a recent fall of 50% in the past week.. On Tuesday after the market closed, it announced financial results for the third quarter ended September 30, 2011. Business Highlights included :•Record third quarter sales increased to $24.1 million or by 121% compared to the prior year.•147% increase in water dispenser unit sales sold-in to retailers and a 31% increase in unit sales sold-thru retailers to end consumers compared to Q3 of the prior year.
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