Small-cap stocks perked up early Tuesday along with the broader market. The Russell 2000 jumped 3.2% to 671.25, and the S&P SmallCap 600 was up 3.2% to 358.27.
Excel Maritime (EXM Quote), an Athens, Greece-based dry bulk shipper, climbed 19% to $29.37 on fourth-quarter earnings. The company posted income of $34.1 million, or $1.71 a share, vs. $9.3 million, or 47 cents a share, a year ago. Revenue rose to $60.9 million from $35.2 million. The company also declared a quarterly dividend of 20 cents a share.
Also rising on earnings, apparel maker Perry Ellis (PERY Quote) added 22% to $20.86. The Miami company reported fourth-quarter income of $9.9 million, or 65 cents a share, vs. $10.7 million, or 68 cents a share, a year ago. Two analysts had forecast EPS of 63 cents. ...
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