FSI International, Sealy's: Early Volume Plays
NEW YORK (TheStreet) -- Several stocks trading near $5 were poised to move on above-average volume during Wednesday's session.
FSI International (FSII) should trade higher Wednesday after the semiconductor company posted a second-quarter profit of 5 cents a share, ahead of the two-analyst estimate for earnings of 3 cents a share. Revenue grew 120% from a year ago to $18.9 million, slightly above consensus. In addition, FSI International offered better-than-expected revenue guidance for the third quarter. Shares closed Tuesday at $3.69 but were up more than 5% in late trading. The 50-day average daily volume for FSI International is 554,000, according to the Nasdaq.
Willdan Group (WLDN) shares were poised to tumble after the outsourcing services provider posted a fourth-quarter loss of 49 cents a share, widening from a year-ago loss of 17 cents a share. Revenue dropped 24.2% to $14.4 million. Shares closed Wednesday at $2.26 and fell more than 9% in the after-market session. The 50-day average daily volume for Willdan Group is 5,700.
Zoom Technologies (ZOOM) was also indicated lower after the wireless communications holding company said it expects first-quarter revenue of $38 million to $42 million, which trails the single analyst estimate for revenue of $53.6 million. The guidance came as the company posted a full-year profit of $1.22 a share in 2009, which was above the long analyst target of $1.13 a share. Zoom Technologies closed Wednesday at $8.16 but was down 17.2% to $6.76 in early trading. The 50-day average daily volume for Zoom Technologies is 161,000.
Landec Corp. (LNDC) should lose ground after the specialty polymer products company posted a third-quarter profit of 7 cents a share, which was a penny below estimates. Landec said that due to a significant decrease in revenues from its Apio unit's lower margin trading business during the first half of fiscal year 2010, the company expects revenue to be flat to slightly lower than in 2009 and net income to be approximately the same. After closing at $7.13 Wednesday, Landec shares fell more than 6% on the outlook in late trading. The 50-day average daily volume for Landec is 99,000. Sealy's (ZZ) was also poised to fall Wednesday after the mattress maker notched a first-quarter profit of 3 cents a share, coming in a penny below the Thomson Reuters average estimate. Sealy's fell nearly 4% in late trading Tuesday after finishing the session at $3.65. The three-month average daily volume for Sealy's is 896,000, according to Yahoo! Finance. -- Written by Robert Holmes in Boston. Check out all of Wednesday's high-volume, under-$5 stocks at the Dollar Store Follow Robert Holmes on Twitter and become a fan of TheStreet.com on Facebook.Select the service that is right for you!
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