Small-cap stocks as well as the broader market had a small early-morning surge before falling slightly on Wednesday. The Russell 2000 Index was down less than 1% to 712.45 while the S&P 500 was up less than 1% to 1,268.87.
Among the winners was Starent Networks(STAR Quote), the multimedia hardware and software provider out of Tewksbury, Mass. Its shares were up 19% to $13.73 on second-quarter earnings of $13.8 million, or 19 cents per share, vs. $3.4 million, or 3 cents a share, one year ago. Analysts polled by Thompson Financial were looking for EPS of 17 cents.
South Portland, Maine-based Wright Express(WXS Quote), which provides services for commercial vehicle fleets, was up 16% to $27.90 on second-quarter earnings of 57 cents vs. earnings of 40 cents a share in the same quarter last year. Analysts were expecting EPS of 54 cents. ...
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