Transmeridian Exploration ( TMY) surged Thursday after the Houston-based driller announced it's considering selling all or part of its primary oil field in Kazakhstan. The field represents "substantially all the assets of the company." Shares were up 55 cents, or 19%, to $3.45 in recent trading. NationsHealth ( NHRX) gained after the company swung to a fourth-quarter profit of $1.2 million, or 4 cents a share, from a loss of 67 cents a share last year. The only analyst's estimate called for a loss of 2 cents a share, according to Thomson Financial. The company, which sells IT services for medical-product distribution, said revenue dwindled 9% to $22.8 million, but this tops the $19.4 million estimate. Shares of the Florida-based company were gaining 15 cents, or 10.6%, to $1.57. Peerless Systems ( PRLS), which sells imaging and networking technologies, easily beat Street expectations for the quarter ended Jan. 31, posting profits of 9 cents a share, which is flat with last year. The analyst who follows the company called for income to fall 3 cents year over year. Revenue ebbed to $8.7 million from last year's $9.6 million, but this edges past the sole target by $400,000. Shares were climbing 32 cents, or 15.8%, to $2.34. Shoe Carnival ( SCVL) issued solid fiscal 2007 guidance that leans to the higher end of Wall Street expectations, projecting per-share profits of between $1.90 and $2. The Indiana-based footwear retailer also said it earned $5.1 million, or 37 cents a share, in the quarter ended Feb. 3, up from $3 million, or 22 cents a share, a year ago. Shares were up $2.99, or 10.2%, to $32.25.
Scolr Pharma ( DDD) shares lost nearly half of their value after the Bellevue, Wash., company announced that drugmaking giant Wyeth ( WYE) terminated its 2005 license agreement for its use of Scolr's extended-release drug-delivery technology in ibuprofen products. Scolr shares were plunging $1.60, to $1.70. Wyeth was dipping 38 cents to $48.50. Bradley Pharma's ( BDY) fourth-quarter per-share profits, at 20 cents (excluding a one-off item), missed analysts' estimates by a nickel despite reversing a year-ago loss of 6 cents. The Fairfield, N.J., company was down $2.43, or 12.2%, to $17.51. Mechanical Technology ( MKTY) was lower after its fourth-quarter operating losses widened by 9% from last year to $4 million. The company, which makes cord-free portable power systems, also reported that shareholders' equity had plunged by 31% to $22.9 million. Net loss narrowed by 4 cents to a dime a share, meeting Wall Street targets, but shares were sinking 26 cents, or 16.1%, to $1.36. Hot Topic ( HOTT), purveyor of pop-culture apparel, saw
diminished profits for the quarter ended Feb. 3. Earnings came to $8.9 million, or 20 cents a share -- a drop of 3 cents a share from last year and a penny under estimates. Shares were slipping 66 cents, or 6.1%, to $10.23.