The small-cap sector inched forward after mixed action, but generally trailed behind the major indices Thursday.
One of the day's biggest gainers, Irvine, Calif.-based Local.com (LOCM - Get Report) chugged ahead 45% to $5.41 on news that the company would begin licensing its patented geographic indexing technology to five client companies.
Strong fiscal fourth-quarter earnings from Kulicke & Soffa (KLIC - Get Report) bumped shares up 10% to $7.47. The Fort Washington, Pa., semiconductor-equipment maker posted continuing-operations earnings of $30.3 million, or 47 cents a share, blowing by analyst EPS expectations of 33 cents and railing on year-ago earnings of 19 cents a share.
Acacia Research (ACTG - Get Report), a technology licensing company based in Newport Beach, Calif., saw shares shoot up 10% to $17.15 after the company announced it had settled a patent-infringement lawsuit with AT&T (T). Terms are confidential.Meanwhile, Pittsburgh's Ansoft (ANST) issued solid fiscal second-quarter earnings. The software maker posted earnings of 21 cents a share, or $5.2 million, up from 14 cents a share, or $3.7 million, in the same period last year. After spending most of the day in positive territory, shares dipped a penny to $29.28. On the ropes for the day was Home Solutions of America (HSOA). The provider of home restoration and construction services slumped 20% to $1.57 after delaying its third-quarter earnings report and conference call. The company had previously delayed the report on Nov. 7 in order to review related-party transactions, among other things.