Small stocks treaded water for most of the day Tuesday before sinking into negative territory along with the
managed to surface as a big winner.
The Horsham, Pa., management-software developer soared 44.1% to $8.10 in furious trading after it swung to a first-quarter profit of $1.3 million, or 36 cents a share, compared with a trenchant year-ago loss. Revenue more than doubled from last year to $7.8 million.
was rolling in first-quarter profits of $15.2 million, or 54 cents a share (excluding a special item) -- nearly doubled from adjusted year-ago earnings and 14 cents ahead of two analysts' estimates, per Thomson Financial. Shares jumped 11.3% to $19.79.
Elsewhere, Oregon broker
bounced 16.7% to $5.60 after it swung to a first-quarter profit, and Californian aircraft lessor
shot up 11.4% to $19.87 on sharply higher earnings.
Also climbing today was
after inking a deal to supply
Laboratory Corp. of America
with its portable INRatio PT/INR monitoring system, which gauges blood-clotting time in order to reduce the risk of stroke. San Jose, Calif.-based HemoSense leapt 10.9% to $7.10 as Laboratory Corp. was unmoved in recent trading.
Among sinking small-cap stocks today, however, Michigan's
Aurora Oil & Gas
tumbled 20.1% to $1.83 after Jeffries cut the driller to hold from buy following a penny-a-share loss in the first quarter on revenue that was just shy of consensus.
The plunge helped pull down the Russell 2000 Index, which lately lost 0.4% to 819.38. The
SmallCap 600 meanwhile shed 0.2% to 426.70.
Another driller, Denver-based
Infinity Energy Resources
narrowed its first-quarter loss but also saw an 11.2% sales drop from last year to $2.1 million. Shares recently lost 8.4% to $3.49.
China Precision Steel
was also hurting, recently off 12.6% at $3.35 after continuing-operations income plummeted 58.3% from last year to a nickel a share.
A downgrade, finally, sharply reversed
fortunes. The Virginian management-services firm left first-quarter expectations in the dust, but a Jeffries analyst nevertheless said he believes it's headed for a deceleration, and cut the stock to hold from buy. After an after-hours surge Monday, shares plunged 13.3% below yesterday's closing price to $20.57.