Monday, September 12, 2011

Friday's NASDAQ Top Gainers: SPEX, CBPO, GCOM, ULTA

POINT ROBERTS - September 12, 2011 - www.InvestorIdeas.com, a global investor research portal for independent investors, reports on top percentage gainers on the NASDAQ for Friday, September 09, 2011.
Spherix Incorporated (NASDAQ:SPEX) was the biggest gainerFriday,soaring $1.30 (96.30%) to close at $2.65 after it announced that its drug candidate, SPX-106, achieved statistically significant reductions in VLDL and LDL cholesterol when administered in combination with Dtagatose (SPX-106T) for nine weeks to genetically engineered mice prone to dyslipidemia.
The company is an innovator in biotechnology for therapy in diabetes, metabolic syndrome and atherosclerosis, and providers of technical and regulatory consulting services to food, supplement, biotechnology and pharmaceutical companies.
China Biologic Products Inc (NASDAQ:CBPO) rose 1.24 (17.08%) to $14.71 after the company said that it earned 8 cents a share on revenue of $435.3 million in its third quarter, well ahead of analysts’ estimates of a loss of 8 cents a share on revenue of $443.25 million. For the current quarter, the company projects to generate revenue of $440 to $460 million.
Globecomm Systems, Inc. ( NASDAQ:GCOM) added 1.00 (8.39%) to $12.92 after it reported fiscal year 2011 revenue of $274.2 million, up 20 percent from a year ago and a company record. The services segment was nearly 70 percent of the total.
Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ:ULTA) moved8.69 (14.54%) to $68.45 after the company said that it earned 33 cents a share on revenue of $214.6 million in its first quarter, compared to analysts estimates of 33 cents a share on revenue of $198.15 million.
The company also projects to earn 30-36 cents a share on revenue of $192 to $210 million in its second quarter.
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