NEW YORK ( TheStreet) -- ChipMOS Technologies (IMOS) was one of several stocks trading near $5 poised to move on above-average volume Wednesday as shares of the semiconductor company rose following the release of first-quarter results.
ChipMOS Technologies reported an adjusted first-quarter profit of 11 cents a share, swinging from a year-ago loss of 13 cents a share. Revenue jumped 61% from a year ago to $115.7 million, the company said.
Looking ahead, ChipMOS said it expects second-quarter revenue to rise 17% to 23% over the first quarter.
ChipMOS Technologies shares jumped by 18 cents, or 10.9%, to $1.83 in Tuesday's after-market session following the earnings release. The 50-day average daily volume for ChipMOS is 984,000, according to the Nasdaq.Elsewhere, Westell Technologies (WSTL) rose by 7 cents, or 5%, to $1.47 in late trading Tuesday after the networking equipment company posted a fourth-quarter profit of 4 cents a share on revenue of $37.8 million. The lone analyst target called for a profit of 3 cents a share, according to Thomson Reuters. The 50-day average daily share volume for Westell Technologies is 155,000.
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