Friday's Small-Cap Winners & Losers
Methode Electronics (METH) jumped on fourth-quarter profits of $4.7 million, or 13 cents a share, that powered past the 9-cent estimates from Thomson Financial. Last year the Chicago-based company earned just $2.8 million, or 8 cents a share. Sales climbed 11% to $105.4 million, which beats estimates by about $5 million. Shares were rising $1.46, or 13.8%, to $12.08.
Advocat (AVCA), a Tennessee-based nursing-home-services company, saw a steep income drop to $2.3 million, or 37 cents a share, compared with $12.9 million, or $1.99 a share, a year ago. Revenue was up slightly to $55.8 million and just topped the only analyst's $54.3 million estimate, but per-share profits fell short by 26 cents.
The company also made room for continuing-operations losses in its 2007 guidance, expecting its bottom line to range between a per-share loss of 8 cents and earnings of a penny; the analyst is calling for a 58-cent per-share profit. Revenue should range between $221 million and $228 million, which is in line. Shares were losing $4.58, or 26.9%, to $12.42.
Gulf Island Fabrication (GIFI) plummeted after the Houma, La.-based company, which makes structures for the oil and gas industry, widely missed fourth-quarter estimates. Profits rose year over year to $3.7 million, or 26 cents a share, on $76 million in revenue, but Wall Street was looking for 53 cents a share. A year ago, Gulf Island earned $2.7 million, or 22 cents a share. Its stock was falling $8.55, or 23.8%, to $27.39.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
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.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
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.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV