LeapFrog, Akorn: Midday Volume Plays

NEW YORK (TheStreet) -- LeapFrog Enterprises (LF) was one of several stocks trading near $5 moving on above-average volume Tuesday after disappointing with a first-quarter loss.

LeapFrog said it had a first-quarter loss of 37 cents a share, which was wider than the 28-cent-a-share loss analysts had predicted. Revenue of $42.4 million was up 42% from a year ago but fell short of the $43.4 million consensus.

LeapFrog shares were down $1.38, or 19.4%, to $5.74. Volume topped 2.03 million shares, compared to the three-month average daily volume of 617,000, according to Yahoo! Finance.

Technitrol (TNL) also traded lower on first-quarter earnings results. The electronic components maker said it had an adjusted loss of 24 cents a share, which surprised analysts who expected a profit of 4 cents a share. Revenue of $92.9 million was down 7% from a year ago and fell short of the $96.2 million.

Technitrol shares were tumbling by $1.17, or 20.9%, to $4.44. Volume topped 849,000 shares, compared to the three-month average daily volume of 319,000.

Alvarion (ALVR) was lower by 59 cents, or 15.9%, to $3.13 after the company said it had an adjusted first-quarter loss of 6 cents a share, which was bigger than the Thomson Reuters average estimate for a loss of 2 cents a share. Revenue of $51.9 million was also below consensus. Volume topped 1.34 million shares, compared to the 50-day average daily volume of 288,000, according to the Nasdaq.

On the upside, Akorn (AKRX) jumped by 47 cents, or 22.3%, to $2.61 after the pharmaceuticals company surprised with a first-quarter profit of 4 cents a share on revenue of $20.5 million. The company said it sees full-year revenue of $76 million to $80 million, compared with the two-analyst average of $71.2 million. Volume topped 1.76 million shares, compared to the 50-day average daily volume of 347,000.

-- Written by Robert Holmes in Boston.

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