Wednesday's Small-Cap Winners & Losers
"We are continuing to see improved profit margins in our seismic drilling sector as a result of greater demand for these services coupled with improved utilization of equipment and personnel," CEO James C. Eckert said in a statement. "Additionally, we are enjoying better than expected results from Preheat, Inc., our most recent acquisition that provided us with additional equipment leasing capabilities."
Barring any unexpected weather or permit delays, the improved performance trend could continue through the remainder of 2006, the company said. Shares of Omni climbed 57 cents, or 5.6%, to $10.70.
Netgear (NTGR) plummeted after Citigroup downgraded the networking-products company to hold from buy. Shares dropped $2.33, or 9.9%, to $21.33.
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