Updated from 2:14 p.m. EST with new stock prices
Small-cap stocks drove deep into positive territory Thursday, making the broader market's gains look small by comparison. The Russell 2000 Index and the S&P SmallCap 600 each gained 2.8% to 786.95 and 408.65, respectively.
Leading the convoy of gainers,
jumped 29.3% to $6.23 after the Riverside, Calif., maker of recreational vehicles beat earnings expectations. The company reported a fiscal second-quarter loss of $1.2 million, or 2 cents a share, a significant improvement from a $20.4 million, or 32 cents a share, loss in the year-ago period. Analysts polled by Thomson Financial were expecting a loss of 6 cents a share.
Also reporting a narrowed loss,
saw shares rocket 27% to $3.24. For its fiscal third-quarter, the Winston-Salem, N.C., doughnut establishment posted a loss of $798,000, or a penny a share, compared with a $7.2 million, or 12 cents-a-share, loss a year ago. Analysts expected EPS of zero cents.
Fording Canadian Coal
saw shares rise 14.2% to $38.69 after its board announced the formation of an independent committee to explore strategic alternatives to maximize shareholder value, which includes sale of outstanding units to a third party.
Leading today's losers was
, shares of which sunk 88.9% to 19 cents as the company filed for bankruptcy. The Woodbury, N.Y.-based company further announced it "does not believe it will be able to continue as a going concern."
Also badly hurting, but not in death throes, was Long Beach, Calif., supply chain services provider
. The company announced a 14% year-over-year increase in non-GAAP net income to $35 million, or 35 cents a share, for its fiscal third quarter. This was in line with analyst estimates, but wasn't enough to offset a decline in operating margin to 12.5% from 14.3% a year ago. Shares dropped 21.1% to $18.52.