New York, NY - May 10, 2012 - www.InvestorIdeas.com, a global
investor research portal for independent investors, reports on top
percentage gainers on the NASDAQ for Wednesday, May 09. The Nasdaq
Composite fell 11.56 (-0.39%) to close at 2,934.71.
CNinsure Inc. (ADR) (NASDAQ:CISG) shares jumped 32.48% and closed
at $7.79. The company will release its financial results for the first
quarter 2012 on May 22, 2012. The company expects total net revenues to
grow by less than 5% for the first quarter of 2012 compared to the
corresponding period of 2011. The 52 week trading range for the company
is $5.23 - $17.69.
Sodastream International Limited (NASDAQ:SODA) stock added 26.41%
to close at $36.90 after the company reported first quarter net income
of $10.1 million from $5.5 million in the year ago period. Earnings per
share increased to $0.48, as compared to $0.28 in the first quarter of
2011. Adjusted net income was $11.5 million for the period. Total
revenues increased 50.2%to $87.9 million. Analysts expected the company
to report earnings of $0.35 per share on revenues of $56.82 million for
the quarter.
Looking forward, the company now expects 2012 net income to
increase approximately 50% over 2011 net income of $27.5 million and
revenues to increase approximately 33% over 2011 revenues of $289.0
million. Analysts expect the company to report revenues of $282.83
million for fiscal 2012.
Cost Plus, Inc. (NASDAQ:CPWM) shares climbed 21.90% to end at
$21.93 after Bed Bath & Beyond Inc. agreed to acquire the company
for $550 million or $22 per share in cash, a 22% premium over the
stock's closing price of $17.99 on Tuesday.
First California Financial Group, Inc. (NASDAQ:FCAL) shares rose
19.61% and closed at $6.71. The company announced, in response to
PacWest Bancorp's unsolicited and highly conditional offer to acquire
First California Financial Group for shares of PacWest common stock,
that its Board of Directors promptly reviewed the proposal and sought
further clarifying information from PacWest concerning the terms and
value of the proposal and related matters.
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