This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Friday's Small-Cap Winners & Losers

Tanox (TNOX) rocketed 43.9% when the Houston-based company announced it will sell itself to biotech giant Genentech (DNA). Shares will sell for $20 apiece for a total of $919 million, a 47% premium over Thursday's closing price. Tanox shares were trading up $5.99 to $19.63.

Fuel Systems Solutions (FSYS) surged when the Santa Ana, Calif.-based company swung to a third-quarter profit and boosted its full-year revenue guidance. The company, which makes systems that enable internal-combustion engines to run on clean fuels, posted income of $3.4 million, or 22 cents a share, compared with a loss of $9.2 million, or 64 cents a share, a year ago. Revenue climbed 13% to $55.4 million. Looking ahead, the company raised its full-year revenue guidance to at least $210 million, up from an earlier forecast of $200 million. Analysts were calling for revenue of $203.1 million. Shares were higher by $2.79, or 18.3%, to $18.02.

Midwest Air Group (MEH) gained on news that the regional carrier's passenger traffic jumped to 335.3 million revenue miles in October, up 17.3% from a year ago. The Oak Creek, Wis., company also reported an 8.6-point spike in its load factor, a measure of traffic, to 76.5%. Shares were up 55 cents, or 6.8%, to $8.65.

Cambridge Display Technology (OLED) took a nosedive after it posted widening third-quarter losses. The U.K.-based developer of flat-panel displays reported a loss of $9.6 million, or 45 cents a share, compared with a loss of $8.6 million, or 44 cents a share, a year ago. Revenue plummeted to $925,000 from $6.6 million a year ago. Shares were down $1.57, or 20.7%, to $6.02.

Plato Learning (TUTR) shares fell when the Bloomington, Minn-based company sharply cut its income and revenue guidance for the fourth quarter. The company, a developer of computer-based educational tools, now forecasts a loss of between $2 million and $3 million excluding asset impairment, restructuring and other charges, whereas it had previously expected a range between a profit of $1.5 million and a loss of $2.5 million. Revenue is now expected to be between $22.5 million and $23.5 million as compared with previous guidance of $24 million to $29 million. Plato attributed the bleaker outlook to declining numbers of large orders, deferred transaction closings and poor product release timing. Shares were down 35 cents, or 6.1%, to $5.40.

Rio Narcea Gold Mines (RNO) dropped on third-quarter results that missed Wall Street projections. The Spain-based company posted income of $15.6 million, or 10 cents a share, compared with a loss of $9.1 million, or 6 cents a share, a year ago. Two analysts polled by Thomson First Call were looking for earnings of 16 cents a share. Revenue increased to $59.1 million from $30.1 million a year ago. Shares were trading down 35 cents, or 11.9%, to $2.60.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,461.32 -153.49 -0.92%
S&P 500 1,927.11 -14.17 -0.73%
NASDAQ 4,382.8470 -36.6310 -0.83%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs