Tuesday's Top Gainers on NASDAQ: FRP, MAKO, LMNX, SYNM

POINT ROBERTS - August 10, 2011 - www.InvestorIdeas.com, a global investor research portal for independent investors, reports on top percentage gainers on the NASDAQ for Aug. 08, 2011. FairPoint Communications was the notable winner in yesterday’s sessions with the stock gaining 44.32%.

FairPoint Communications, Inc. (NASDAQ:FRP) soared 2.03 (44.32%) to $6.61 after the company said that its net loss during the second quarter trimmed to $27.1 million versus $54.2 million a year earlier. Revenue during the quarter came at $262.6 million. High-speed Internet penetration increased to 28.3% of voice access lines at June 30, 2011.
MAKO Surgical Corp. (NASDAQ:MAKO) rose 7.47 (34.89%) to $28.88 after the company reported a loss of 24 cents a share on revenue of $18.6 million in its second quarter, ahead of analysts’ estimates of a loss of 24 cents a share on revenue of $16.07 million.
Luminex Corporation (NASDAQ:LMNX) increased 6.12 (33.08%) to $24.62 after the company reported $4.6 million or $0.11 a share on revenue of $47.64 million in its second quarter, ahead of analysts’ estimates of $0.06 per share on revenue of $40.67 million.
Looking forward, the company raised its 2011 annual revenue guidance to a range of $180 million to $185 million from its prior guidance of $163 million to $170 million. Analysts currently expect the company to post revenue of $170.58 million for the full year 2011.
Syntroleum Corp (NASDAQ:SYNM) moved 1.87 (13.09%) to 0.26 (25.00%) after the company announced record renewable fuels production and financial results for the six months ended June 30, 2011.
For the six months ended June 30, 2011, the company reported an operating loss of $1.8 million resulting from total revenues of $2.0 and operating expenses of $3.8 million.
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