NEW YORK (
) -- Several stocks trading near $5 were moving on above-average volume during Tuesday's session.
rallied by 80 cents, or 14.9%, to $6.18 after the broadband communications provider said late Monday it had a fiscal first-quarter profit of 2 cents, better than analysts' expectations that ADC would break even in the quarter. ADC also offered in-line earnings and revenue guidance for its fiscal second quarter. Volume topped 5.71 million shares, compared to the 50-day average daily volume of 2.07 million, according to the
tumbled by 32 cents, or 17.7%, to $1.49 after the integrated circuits company late Monday notched an adjusted fiscal second-quarter loss of 22 cents a share, worse than the Thomson Reuters average estimate for a loss of 18 cents a share in the quarter. Revenue of $31.9 million was up sharply from a year ago but also fell short of analyst estimates. Volume topped 1.84 million shares, compared to the 50-day average daily volume of 878,000.
slid by 94 cents, or 10.6%, to $7.95 after the solar energy company swung to a loss of $39 million, or 92 cents a share, compared with earnings of $13 million, or 31 cents a share, last year. Results included one-time charges related to inventory write off, writedowns related to asset values, restructuring expenses and underutilization of factories. Volume topped 3.38 million shares, compared to the 50-day average daily volume of 2.57 million.
Williams Coal Seam Gas Royalty Trust
shares dropped by 17 cents, or 10.5%, to $1.48, one day after the trust said it will terminate on March 1. Shares dropped nearly 44% after the net present value (discounted at 10%) of the estimated future net revenues triggered the termination of the trust, it said. Volume topped 551,000 shares, compared to the three-month average daily volume of 58,000, according to Yahoo! Finance.
-- Written by Robert Holmes in Boston
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