rose after the wireless-communication company said it acquired Enerdyne Technologies, a privately held provider of equipment and systems for the defense and intelligence markets.
ViaSat said the acquisition includes an initial consideration of about $16.4 million in common stock and $600,000 in cash. Additional payments of about $8.7 million could be made if Enerdyne meets certain financial performance targets within the next four years. Shares of ViaSat gained 97 cents, or 3.9%, to $25.58 in recent trading.
Quantum Fuel Systems
was higher on news the supplier of parts for alternative-fuel vehicles was awarded a contract by Synthesis Energy System. Quantum will develop modular stationary power generators that operate on hydrogen-rich synthetic fuel and that will be deployed in China. Shares of Quantum gained 14 cents, or 4.7%, to $3.15.
surged after the irrigation-systems maker said third-quarter revenue jumped 34% from a year ago to $75 million. The company posted earnings of $6.4 million, or 55 cents a share, up from $3.8 million, or 32 cents a share.
"We are pleased that demand for irrigation equipment continued to rebound from last year in North America and most of our international markets," the company said. "However, demand in Western Europe and Brazil remained depressed and we continued to reduce operating expenses in those markets during the period." Shares of Lindsay were higher by $3.90, or 18%, to $25.60.
plummeted after the maker of kitchen goods and cookware said it plans to sell $50 million in five-year convertible notes to private investors. The company also said it expects to post a second-quarter loss in the range of 11 cents to 16 cents a share, including a loss of about 2 cents from stock-option expenses.
However, Lifetime lifted its full-year profit guidance to $1.50 to $1.70 from its previous guidance of $1.45 to $1.70. The company's prior sales forecast was unchanged. Shares of Lifetime sank $3.32, or 12.8%, to $22.65.
( CYTO) fell a day after saying that Christopher Schnittker, its chief financial officer, has resigned to pursue other opportunities. The biopharmaceutical company has initiated a search for a successor.
Thu Dang, vice president of finance, will handle the day-to-day financial matters of the company until a replacement has been found. Shares of Cytogen were losing 17 cents, or 5.9%, to $2.72.