Tuesday's NASDAQ Winners: GMAN, AMRN, DRWI, HOLI
New York, NY - March 21, 2012 - www.InvestorIdeas.com, a global investor research portal for independent investors, reports on top percentage gainers on the NASDAQ for Tuesday March 20th. The Nasdaq Composite ended lower by 4.17 points or 0.14% at 3,074.15 on concerns about China’s growth.
Gordmans Stores, Inc. (NASDAQ: GMAN) shares soared 29% to close at $19.44 after it reported better than estimated fourth results and projected a solid first quarter outlook. The company earned $10.2 million, or 53 cents a share on revenue of $185.1 million, topping its own estimates of 48 cents to 52 cents on revenue of $185 million to $187 million.
For the current quarter, The Company projects to earn 40 - 41 cents a share on net revenue of $132 million to $133 million, ahead of analysts' estimates of 40 cents on revenue of $129 million, respectively.
Amarin Corporation plc (ADR) (NASDAQ: AMRN) gained over 12% to $11.94 in the last trading session after the company announced that the United States Patent and Trademark Office (USPTO) has published notification of a Notice of Allowance for U.S. Patent Application Serial Number 12/052,598 titled "Highly Purified Ethyl EPA and Other EPA Derivatives," also known as the EPA with no DHA in a capsule application.
DragonWave, Inc. ( USA) (NASDAQ:DRWI) shares rose 11.25% to end the session at $4.45. On March 14, 2012, the company announced today that it has determined the earn-out payment due in connection with its acquisition of Axerra Networks. The acquisition was completed in October, 2010. The earn out phase of the acquisition was completed on February 13, 2012 and based on sales performance, the earn-out amount is $1.88 Million, raising the value of the transaction to $11.4 Million.
Hollysys Automation Technologies Ltd (NASDAQ: HOLI) jumped 12.91% to close at $10.58 after it announced that it had successfully won contracts to design, supply and implement the High-Speed Rail Signaling Systems for the MTR Corporation valued at approximately HK $489.9 million, or US $63.15 million. These contracts are primarily to implement the Hong Kong Section of the Guangzhou-Shenzhen-Hong Kong Express Rail Link (XRL).
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