NEW YORK (
was among several stocks trading near $5 were moving on above-average volume Friday after announcing quarterly results.
said it had first-quarter net income of $180.2 million, or $3.36 a share, swinging from a year-ago loss of $242.2 million, or $4.59 a share. One analyst surveyed by Thomson Reuters expected a profit of 22 cents a share.
Newcastle Investment shares were jumping 11% to $3.32. Volume topped 1.28 million shares, compared to the three-month average daily volume of 802,000, according to Yahoo! Finance.
(CAMP - Get Report)
shares, on the other hand, slumped by 49 cents, or 18.9%, to $2.11 after the wireless communications company said it had a fourth-quarter adjusted net loss of 2 cents a share on revenue of $34.5 million. A single analyst forecasted a loss of 6 cents a share on revenue of $33 million.
Despite the earnings beat, CalAmp shares were still lower on increased volume. More than 656,000 shares, compared to the 50-day average daily volume of 104,000, according to the
dropped by 42 cents, or 13%, to $2.80 after the video services company reported a first-quarter adjusted net loss of 7 cents share, swinging from profit of 9 cents a share in the year-ago quarter. Analysts were looking for an average loss of 3 cents a share in the quarter. Volume topped 950,000 shares, compared to the 50-day average daily volume of 322,000.
(DRWI - Get Report)
lost $1.36, or 17.1%, to $6.61 after the broadband wireless equipment maker posted first-quarter net income of $13.4 million, or 35 cents a share, on revenue of $63.8 million. The Thomson Reuters average estimate was for a profit of 36 cents a share on $62.46 million in sales. Volume topped 2.44 million shares, compared to the 50-day average daily volume of 1.08 million.
-- Written by Robert Holmes in Boston
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