Wednesday's Small-Cap Winners & Losers
Small-cap stocks were mostly trading higher Wednesday as investors processed another round of earnings reports.
Shares of Minneapolis casual dining entity Buffalo Wild Wings (BWLD) soared 22% to $31.55. The company announced in-line earnings per share of 36 cents, vs. 31 cents a year ago. The EPS figure included a 2-cent charge related to restaurant relocations. The company also guided for a 25% increase in net income for 2008. KeyBanc Capital Markets and Cowen both upgraded the stock to buy and outperform ratings, respectively.
Also rising, Align Technology (ALGN), which offers the Invisalign treatment for crooked teeth, jumped 18% to $12.18. Barrington Research upgraded the Santa Clara, Calif., company to market perform from underperform after a solid earnings beat. The company announced first-quarter profit of $5.3 million, or 7 cents a share, vs. $7 million, or 10 cents a share, a year ago. Analysts were looking for EPS of 3 cents.
Computer systems maker RadiSys (RSYS) shot up 21% to $9.83. The Hillsboro, Ore.-based firm announced non-GAAP first-quarter income of $57,000, or breakeven a share, for the first quarter, vs. a profit of $702,000, or 3 cents a share, a year ago. Analysts polled by Thomson Financial were looking for a per-share loss of a penny. The company also forecast non-GAAP second-quarter EPS between 6 cents and 11 cents. The Street is looking for earnings at the low end of that range.Tronox (TRX), which makes titanium dioxide pigment, climbed 22% to $3.53 after narrowing its loss to $200,000, or a 3 cents a share, from $9.4 million, or 22 cents a share, a year ago. Revenue increased to $349.1 million from $339.1 million a year ago. Among the losers, Crystallex (KRY) shares plummeted 46% to 90 cents. Shares stopped trading briefly before the Toronto miner of Venezuelan gold announced that Venezuela's Ministry of the Environment and Natural Resources has denied a request for authorization to carry out exploration activities in the Las Cristinas mining area, where Crystallex hopes to continue development. Shares of Savvis (SVVS), a Town & Country, Mo., provider of information technology services, lost 23% to $14.31. The company suffered a triple downgrade from Lehman Brothers, Jeffries and Kaufman Brothers to hold-equivalent ratings after forecasting 2008 revenue between $840 million and $870 million, below the consensus estimate of $905.5 million.
Select the service that is right for you!COMPARE ALL SERVICES
- $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
- 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 + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV