Rite Aid, Eastman Kodak: Small-Cap Winners

NEW YORK ( TheStreet) -- Shares of Rite Aid ( RAD) were surging on heightened volumes after it reported a 1.1% increase in same-store sales. The stock was up 6.3% to $1.17 with over 11 million shares changing hands.

Eastman Kodak ( EK) saw its shares rebound from Wednesday's dive following its negative earnings report. After dropping 18% on Wednesday, the stock was rising 4% to $3.87.

IVAX Diagnostics ( IVD) was the winner among small-caps, however, with the stock zooming 55% to $1.29. The company said it had received regulatory approval for its premarket submission for Mago 4S, used for autoimmune and infectious disease testing.

Hanmi Financial ( HAFC) reported its first quarterly profit in two years. The California-based bank reported fourth-quarter profit of $5.3 million, or 4 cents a share, from a loss of $35.9 million, or 70 cents a share. The stock soared 27% to $1.49.

Chip-maker Cirrus Logic ( CRUS) saw its shares jump 10% to $19.69 after it beat Wall Street estimates, reporting a third quarter net income of $24.6 million or 34 cents per share against $11 million or 17 cents a year earlier. Analysts were expecting 33 cents.

Other semiconductor plays were also rising on strong quarterly reports. Integrated Silicon Solutions ( ISSI) beat estimates and forecast a second-quarter earnings that was above analyst estimates. Shares were rising 8.2% to $10.78.

Other small-cap stocks buzzing on Thursday include Banner ( BANR), Glu Mobile ( GLUU), Rare Element Resources ( REE) and Corinithian Colleges ( COCO).

-- Written by Shanthi Bharatwaj in New York

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Disclosure: TheStreet's editorial policy prohibits staff editors and reporters from holding positions in any individual stocks.

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