Pre-market: Lionbridge Technologies beats expectations
Shares of Waltham, Mass.-based Lionbridge Technologies, Inc. (Nasdaq: LIOX) are trading higher on news this morning that earnings beat expectations. Net income for the quarter ended March 31 was $4.4 million, or $0.07 per share, compared with $0.9 million, or $0.01 per share in the final quarter of 2006. Wall Street was expecting the provider of globalization and offshoring services to break even. Shares are up $0.06, or 1%, to $5.21.
Inspire Pharmaceuticals, Inc. (Nasdaq: ISPH) announced this morning that its nasal spray improves allergy symptoms more than a placebo, according to results from a mid-stage trial. Shares are up $0.13, or 2%, to $7.61.
Shares of Rackable Systems, Inc. (Nasdaq: RACK) are moving down despite news this morning that the Milpitas, Calif.-based data storage company has settled a patent infringement lawsuit with Super Micro Computer. The stock is down $0.02, or 0.17%, to $11.81.
Aastrom Biosciences, Inc. (Nasdaq: ASTM) has received approval by the U.S. Food and Drug Administration for a new drug that treats osteonecrosis of the femoral head, a condition that causes the bone to die due to poor blood supply, the Ann Arbor, Mich.-based company said after Thursday’s close. Shares are up $0.03, or 2%, to $1.44.
Shares of Georgetown, Mass.-based UFP Technologies, Inc. (Nasdaq: UFPT) are trading higher despite news this morning that the manufacturer of packaging and component products reported net income for the quarter ended March 31 of $0.52 million, or $0.09 per share, compared with $0.57 million, or $0.11 per share in the same quarter of 2006. Analyst estimates were not available. The stock is up $0.69, or 12%, to $6.40.
Canadian retail branding company Envoy Capital Group Inc. (Nasdaq: ECGI) reported this morning that net income for the quarter ended March 31 was $0.87 million, or $0.07 per share, compared with a loss of $0.44 million, or $0.02 per share a year prior. Analyst estimates were unavailable. Shares are down $0.05, or 1%, to $3.46.
Inspire Pharmaceuticals, Inc. (Nasdaq: ISPH) announced this morning that its nasal spray improves allergy symptoms more than a placebo, according to results from a mid-stage trial. Shares are up $0.13, or 2%, to $7.61.
Shares of Rackable Systems, Inc. (Nasdaq: RACK) are moving down despite news this morning that the Milpitas, Calif.-based data storage company has settled a patent infringement lawsuit with Super Micro Computer. The stock is down $0.02, or 0.17%, to $11.81.
Aastrom Biosciences, Inc. (Nasdaq: ASTM) has received approval by the U.S. Food and Drug Administration for a new drug that treats osteonecrosis of the femoral head, a condition that causes the bone to die due to poor blood supply, the Ann Arbor, Mich.-based company said after Thursday’s close. Shares are up $0.03, or 2%, to $1.44.
Shares of Georgetown, Mass.-based UFP Technologies, Inc. (Nasdaq: UFPT) are trading higher despite news this morning that the manufacturer of packaging and component products reported net income for the quarter ended March 31 of $0.52 million, or $0.09 per share, compared with $0.57 million, or $0.11 per share in the same quarter of 2006. Analyst estimates were not available. The stock is up $0.69, or 12%, to $6.40.
Canadian retail branding company Envoy Capital Group Inc. (Nasdaq: ECGI) reported this morning that net income for the quarter ended March 31 was $0.87 million, or $0.07 per share, compared with a loss of $0.44 million, or $0.02 per share a year prior. Analyst estimates were unavailable. Shares are down $0.05, or 1%, to $3.46.
About the Author
Reporter Alex Alexandrov is based in SmallCapInvestor.com's Washington, D.C. bureau.
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