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Wednesday, October 26, 2011

Tuesday's NASDAQ Top Gainers: SMTX, PBIB, LCAV, TWIN


POINT ROBERTS - October 26, 2011 - www.InvestorIdeas.com, a global investor research portal for independent investors, reports on top percentage gainers on the NASDAQ for Tuesday October 25th. NASDAQ closed with a loss of 61.02 (-2.26%) to close at 2,638.42.
SMTC Corporation (NASDAQ:SMTX) ended the day as the top percentage gainer, closing higher 0.71 (48.97%) to $2.16 after the company raised its guidance for the current quarter and provided FY2012 outlook. The company now expects to earn $4.0 million EBITDA on revenue of $69 million. The company also projects to earn 2012 EBITDA of at least $13 million, and 2012 revenue guidance to equal or exceed $240 million. The stock is trading up another 4% in morning trading.
Porter Bancorp (NASDAQ:PBIB) gained 0.68 (34.87%) to $2.63, bouncing back from its 52-week low of $1.95, made in the previous trading session. Volume was unusual with more than 427K shares traded hands, compared to its average volume of 3.80K shares.
LCA-Vision (NASDAQ:LCAV) moved 0.64 (26.12%) to close at $3.09 after the company said that it had a net loss of 20 cents a share on revenue of $21.8 million in its third-quarter, compared to analysts’ estimates of a loss of 20 cents per share on revenue of $21.7 million. Comparable sales grew 15.60% and adjusted same-store revenues also surged 19.5%.
Twin Disc (NASDAQ:TWIN) closed with an impressive gain 6.19 (21.68%) to end the day at $34.74 after The maker of transmissions for boats and heavy equipment reported first-quarter sales of $81.3 million, 32 percent higher than the year-ago period.
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