Updated from 2:41 p.m. EST with new stock prices
Small-cap stocks led the pack Friday, mostly surviving a broader-market dip as the major indices took a dip into the red.
Greenville, S.C.'s ScanSource (SCSC Quote), a wholesale distributor of specialty technology products, saw shares climb 19.2% to $30.63 on the conclusion of an Securities and Exchange Commission investigation, second-quarter earnings and an upgrade. The company announced Thursday after the close that the SEC had determined that no enforcement action was recommended regarding its historical stock option grant practices.
Also on Thursday evening, ScanSource reported fiscal second-quarter earnings of $15.5 million, or 59 cents a share, vs. $11.8 million, or 45 cents a share, in the year-ago quarter. The Street was looking for 48 cents a share. Bear Stearns bolstered the earnings beat this morning with an upgrade to peer perform from underperform. ...
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