NEW YORK (
) -- Several stocks trading near $5 were poised to move on above-average volume during Thursday's session.
( EK) rallied 84 cents, or 17.7%, to $5.59 in the premarket session after the company reported fourth-quarter adjusted earnings of $1.08 a share, which excludes a benefit related to asset sales and other one-time items. It was the first profit for the company in over a year and was well ahead of the Thomson Reuters average estimate for a profit of 18 cents a share. The three-month average daily volume for Eastman Kodak is 6.19 million, according to Yahoo! Finance.
jumped by 37 cents, or 25.9%, to $1.80 in the premarket session after the company swung to a fourth-quarter profit of 5 cents a share as delinquent loans were slashed by more than half to $13.4 million from the prior quarter. Analysts polled by Thomson Reuters had expected a loss of 21 cents a share. The 50-day average daily volume for Preferred Bank is 65,000, according to the
climbed by 24 cents, or 6.8%, to $3.78 in the premarket session after the company said it has extended its longstanding relationship with
GE Healthcare Bio-Sciences by entering into a five-year supply agreement for recombinant Protein A, a consumable used in the manufacture of monoclonal antibodies. The 50-day average daily volume for Repligen is 126,000.
added 18 cents, or 6.1%, to $3.12 in the premarket session after the company said it has completed enrollment of the planned 375 subjects in its multinational Phase 3 trial of Allovectin-7 in patients with metastatic melanoma. The 50-day average daily volume for Vical is 789,000.
Earlier at 7:30 a.m. EST
shares were set to open higher after the networking company late Wednesday posted fiscal third-quarter net income of $2.7 million, or 4 cents a share, better than the single analyst estimate for a profit of 2 cents a share, according to Thomson Reuters. The 50-day average daily volume for Westell is 89,000, according to the
. The stock closed Wednesday at $1.33.
, on the other hand, should open lower after the telecom services company posted fiscal third-quarter results. While a profit of 2 cents a share in the quarter was a penny better than the lone analyst estimate, revenue of $15.94 million was below the $16.64 million single target. The 50-day average daily volume for 8x8 is 89,000. Shares finished trading Wednesday at $1.30.
was poised to trade higher after the document management services company raised its 2009 earnings guidance range of 35 cents to 38 cents. That's up from the prior range of 27 cents to 33 cents a share and better than the Thomson Reuters average estimate of 30 cents a share. American Reprographics cited a less-than-anticipated decline in fourth-quarter revenue. The three-month average daily volume for American Reprographics is 89,000, according to Yahoo! Finance. The stock closed Wednesday at $6.72.
should lose ground Thursday after the semiconductor company posted a fourth-quarter adjusted profit of 18 cents a share, ahead of the Thomson Reuters average estimate of 11 cents a share. Revenue climbed 4.6% to $637.8 million, also better than consensus. Looking ahead to the first quarter, LSI offered earnings guidance that was in line with estimates and revenue that was better than analysts are target. The three-month average daily volume for LSI is 89,000. Shares finished trading Wednesday at $6.
-- Written by Robert Holmes in Boston
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