NEW YORK (TheStreet) -- Footwear maker Timberland (TBL) was leading small-cap action Thursday with the stock rising 24% to $36.45 after its fourth quarter profit jumped 89% to 82 cents per share, significantly outpacing estimates of 51 cents per share.
Heavily-shorted LED stock Rubicon Technology (RBCN) was among the top gainers in the small-cap space Thursday, after the company surpassed fourth- quarter- profit expectations.
Rubicon reported fourth-quarter earnings of $15.4 million, or 64 cents a share, well ahead of the average estimate of analysts polled by Thomson Reuters for a profit of 50 cents a share in the December period. Short interest positions amounted to 10 million shares of the 22.9 million outstanding shares of the company.
The stock was soaring 17.7% to $24.84 on volumes of over 4.3 million in forenoon trading.
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