Jakks Pacific (JAKK Quote) was soaring more than 15% after the toy company reported fourth-quarter earnings of $23.2 million, or 73 cents a share, including stock-option expenses and acquisition-related costs. Revenue surged 43.3% to $238.3 million. Analysts polled by Thomson Financial were looking for 67 cents a share in earnings and sales of $218 million. Shares of the Malibu, Calif., company were rising $3.25 to $24.78.
Transmeridian Exploration (TMY Quote) jumped after the Houston-based driller announced, near Friday's closing bell, that its newly completed SA-5H well in Kazakhstan should reach daily field production rates of 8,000 barrels of oil by April if its performance is in line with expectations. Shares were gaining 49 cents, or 13.3%, to $4.20. Brightpoint (CELL Quote) rose after a Jeffries & Co. analyst predicted that the wireless-products maker's planned acquisitions could be a boon to 2008 profits. He upped the Plainfield, Ind., company to buy from hold. Shares were up 31 cents, or 2.5%, to $12.83. Double Eagle Petroleum (DBLE Quote) stock dropped after one of its Christmas Meadows wells in northeastern Utah, drilled to a total depth of 15,760 feet, didn't yield Cretaceous-aged rock with "sufficient permeability" to be of reservoir quality. The Casper, Wyo., company, which operates and has a 31.3% working interest in the well, plans to test deeper rock formations with a bigger rig. Shares were sliding $2.33, or 11.4%, to $18.06.- Loading Comments...
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