Small-cap stocks rallied from an early plunge Tuesday to experience mixed trading along with the broader market.
( IAR), which makes phone books, saw shares rise 46% to $4.86. The Dallas-based company reported first-quarter pro forma income of $116 million, or 79 cents a share, vs. $119 million, or 82 cents a share, a year ago. Analysts polled by Thomson Financial were expecting EPS of 63 cents. Shares of Cary, N.C.-based fellow phone-book maker
( RHD) also rallied, climbing 29% to $6.29.
jumped 21% to $22. The Cranbury, N.J., firm swung to a profit of $9.3 million, or 43 cents a share, from a loss of $2.1 million a year ago. The Street was looking for earnings of 23 cents a share.
New York staffing and management services provider
( HHGP) rocketed up 16.5% to $10.46. The company posted net income of $1.4 million, or 5 cents a share, up from $100,000, or zero cents a share, a year ago. Analysts had forecast a loss of 5 cents a share. It guided for second-quarter 2008 revenue between $300 million and $315 million, ahead of the consensus estimate of $289.3 million.
On the losing side, Jacksonville, Fla.-based
, a distributor and direct marketer of maintenance, repair and operations products, said it made $8.7 million, or 27 cents a share, for the first quarter, down from $9.4 million, or 29 cents a share, a year ago. Analysts had predicted EPS of 30 cents. The stock was down 15% at $16.55.
Also falling, shares of
( DSCM) lost 9% to $2.22. For the first quarter, the Bellevue, Wash., online provider of health, beauty, vision and pharmacy products said it lost $2.7 million, or 3 cents a share, compared with a loss of $3.8 million, or 4 cents a share, in the first quarter of 2007. The Street had forecast a per-share loss of 3 cents. The company also announced full-year 2008 revenue guidance of $490 million to $500 million, slightly below analysts' view of $501.2 million. The company further announced that its chief financial officer, There du Pont, will leave, effective May 29, to run a private foundation.
Topeka, Kan., shoe retailer
today called a $305 million verdict against in an Adidas lawsuit "excessive and unjustified." Adidas had previously sued Collective precursor Payless Shoes over use of its trademark three-stripes logo. Shares of Collective fell 13% to $10.66.
More broadly, the Russell 2000 was up 0.6% at 728.59, and the S&P SmallCap 600 was adding 0.5% at 384.46.