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Thursday, November 03, 2011

Wednesday’s NASDAQ Winners: SYMS, CDXS, SIMO, SBGI


Syms Corp.  (NASDAQ:SYMS) Gains 26.73% 

POINT ROBERTS, November 03, 2011 - www.InvestorIdeas.com, a global investor research portal for independent investors, reports on top percentage gainers on the NASDAQ for Wednesday November 2nd. NASDAQ surged 33.02 (1.27%) to 2,639.98.

Syms Corp.  (NASDAQ:SYMS) was the top percentage gainer for the session closing higher 2.05 (26.73%) to $9.72 after Syms said that it will close all of its 46 stores on two and a half years after it bought Filene’s basement out of bankruptcy protection for $62.4 million.

Codexis, Inc.  (NASDAQ:CDXS) climbed 1.06 (23.82%) to $5.51 after the company said that it had  a loss of 8 cents a share on revenue of $33.3 million in its third quarter, compared to analysts’ estimates of a loss of 8 cents a share on revenue of $31.65 million. Moreover, going forward, the company projects to report revenue of $120 million or more, compared to consensus of $122 million.

Silicon Motion Technology Corp. (ADR)  (NASDAQ:SIMO) closed up 3.48 (22.07%) to end the day at $19.25 after the company reported that it earned 40 cents a share on revenue of $63.2 million, ahead of analysts’ estimates of 23 cents a share and revenue of $50.29 million. The company projects to grow its FY11 revenue by 61% to 66% year-over-year.

Sinclair Broadcast Group, Inc.  (NASDAQ:SBGI) surged 1.72 (19.26%) to close at $10.65 after the company reported earnings of 24 cents a share on revenue of $180.9 million in its third quarter, head of analysts’ estimates of 16 cents a share on revenue of $177.2 million. The company also announced that it would buy WRGB, Channel 6 and 7 other stations for $385 million.

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