Tag - VTNC

Syms Corp. (Nasdaq:SYMS), MAP Pharmaceuticals Inc. (Nasdaq:MAPP) and Rome Bancorp Inc. (Nasdaq:ROME) are among the biggest percentage gainers in Monday's trading among companies with market capitalizations under $1 billion.

Also included among the results: CAI International Inc. (Nasdaq:CAP), Arena Pharmaceuticals Inc. (Nasdaq:ARNA), Vitran Corp Inc. (Nasdaq:VTNC), Yadkin Valley Financial Corp. (Nasdaq:YAVY), Northern Technologies International Corp. (Nasdaq:NTIC) and Kohlberg Capital Corp. (Nasdaq:KCAP).

Famous Daves of America Inc. (Nasdaq:DAVE), Texas Capital Bancshares Inc. (Nasdaq:TCBI) and Acorda Therapeutics Inc. (Nasdaq:ACOR) are among the biggest percentage gainers in Wednesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: iRobot Corp. (Nasdaq:IRBT), Vitran Corp Inc. (Nasdaq:VTNC), NetGear Inc. (Nasdaq:NTGR), Monarch Casino & Resort Inc. (Nasdaq:MCRI), Spire Corp. (Nasdaq:SPIR) and Gulf Island Fabrication Inc. (Nasdaq:GIFI).

Cowen Group Inc. (Nasdaq:COWN), Tier Technologies Inc. (Nasdaq:TIER) and Basic Energy Services Inc. (Nasdaq:BAS) are among the biggest percentage gainers in Tuesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: FBL Financial Group Inc. (Nasdaq:FFG), Vitran Corp Inc. (Nasdaq:VTNC), Eagle Bulk Shipping Inc (Nasdaq:EGLE), TNS Inc. (Nasdaq:TNS), Penford Corp. (Nasdaq:PENX) and Clearwater Paper Corp. (Nasdaq:CLW).

QC Holdings Inc. (Nasdaq:QCCO), Consolidated Water Co Ltd. (Nasdaq:CWCO) and SYNNEX Corp. (Nasdaq:SNX) are among the most actively traded companies in Monday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Vitran Corp Inc. (Nasdaq:VTNC), Young Innovations Inc. (Nasdaq:YDNT), DryShips Inc. (Nasdaq:DRYS), GT Solar International Inc. (Nasdaq:SOLR), Plantronics Inc. (Nasdaq:PLT) and Excel Maritime Carriers Ltd. (Nasdaq:EXM).

Safe Bulkers Inc. (Nasdaq:SB), Oneida Financial Corp. (Nasdaq:ONFC) and Coleman Cable Inc. (Nasdaq:CCIX) are among the biggest percentage gainers in Wednesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Genco Shipping & Trading Ltd. (Nasdaq:GNK), Cutera Inc. (Nasdaq:CUTR), First Defiance Financial Corp. (Nasdaq:FDEF), Answers Corp. (Nasdaq:ANSW), Danaos Corp (Nasdaq:DAC) and Vitran Corp Inc. (Nasdaq:VTNC).

Intersections Inc (Nasdaq:INTX), QC Holdings Inc (Nasdaq:QCCO) and Polypore International Inc (Nasdaq:PPO) are among the biggest percentage gainers in Wednesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: CPI International Inc (Nasdaq:CPII), Grey Wolf Inc (Nasdaq:GW), America's Car-Mart Inc (Nasdaq:CRMT), Vitran Corp Inc (Nasdaq:VTNC), Insulet Corp (Nasdaq:PODD) and Kimball International Inc (Nasdaq:KBALB).

Tessera Technologies (Nasdaq:TSRA), XenoPort Inc. (Nasdaq:XNPT) and Gladstone Commercial  (Nasdaq:GOODP) are among the biggest percentage losers in Tuesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: United Community Bancorp (Nasdaq:UCBA), Communications Systems Inc. (Nasdaq:JCS), Vitran Corp Inc. (Nasdaq:VTNC), Lindsay Corp. (Nasdaq:LNN), Sierra Wireless Inc. (Nasdaq:SWIR) and First Financial Service Corp. (Nasdaq:FFKY).

Hooker Furniture Corp. (Nasdaq:HOFT), Casella Waste Systems Inc. (Nasdaq:CWST) and Amer Land Lease  (Nasdaq:ANL) are among the new 52-week lows in Friday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Hutchinson Technology Inc. (Nasdaq:HTCH), Vitran Corp Inc. (Nasdaq:VTNC), Big 5 Sporting Goods Corp. (Nasdaq:BGFV), Avid Technology Inc. (Nasdaq:AVID), Gmarket Inc. (Nasdaq:GMKT) and Innerworkings Inc. (Nasdaq:INWK).

Here are the new 52-week lows among small caps:

Small-cap stocks hovered near steady levels in early trade, pulled down modestly at times by sporadic profit-taking from short-term traders who caught the rally Tuesday and by a mixed tone on the earnings front. However, selling was limited by an extension in the crude oil pullback and by gains in overseas stock markets. At 9:50 a.m. ET, the Russell 2000 (NYSE:IWM) was up 1.24, or 0.17%, at 718.06.

Crude oil prices were down about $1 dollar a barrel shortly after the open, supportive to stocks, but the bounce above overnight lows took some of the upside steam away from equities. The energy market has been sinking this week as Hurricane Dolly veers away from key production areas in the Gulf of Mexico and on worries about demand for high-priced crude oil amid sluggish economic conditions in the United States and new usage curbs in China.

The decline in energy prices overnight was a boon to equity markets around the world, with Hong Kong shares up 2.7%, Taiwan up 3.5%, Japan up 1%, Australia up 2%, Singapore up 3%, South Korea up 1.9% and India up 5.9%.

In conjunction with the pullback in crude oil prices, the U.S. dollar has caught a bid the last couple of days. The greenback was up about 0.3% against the euro this morning and about 0.4% versus the yen. A stronger dollar often has a bearish impact on global commodity values since so many products are priced in dollars. Also on the commodities front, grains markets are expected to trade sharply lower today amid improving Midwest weather and the firm dollar tone.

The early glimpse of “big-name” corporate earnings was a mixed bag this morning, with fast-food giant McDonald’s Corp. (NYSE:MCD) topping the forecast and rising 1% overnight, but slipping into the red shortly after the open. Also, Pfizer Inc. (NYSE:PFE), the maker of Viagra, reported solid results and rose 2.8%. Conversely, Washington Mutual (NYSE:WM) reported sloppy earnings and was down 1.2%, while Costco (Nasdaq:COST) warned they would miss the Street’s forecast . . .

Vitran Corporation Inc. (Nasdaq:VTNC) has gained more than 15% in pre-market trading today after the company announced second-quarter record revenues ahead of the bell. The Canada-based company said that for the quarter ended June 30, revenues were $196 million, compared with $170.1 million for the same period a year ago. Net income was $4.6 million, or $0.34 per share, versus $5.5 million, or $0.41 a share, for the quarter a year earlier. Wall Street was expecting earnings per share of $0.17 on revenues of $192 million.

"The sequential improvements were driven by double-digit growth in our revenue per shipment, and a more than seven percent increase in revenue per hundredweight during the period. Cross-border revenue also rose 32 percent, compared to the 2007 second quarter. Most importantly, these gains were achieved in the face of the successful implementation of our new IT operating system,” said Rick Gaetz, president and CEO, in a statement.

Before the opening, shares are at $19, up $2.50 from Tuesday’s close. The shares have ranged between $11.21 and $22.32 during the past year.

News of strong third-quarter earnings lifted the Russell 2000 (NYSE: IWM) and the Dow Jones Industrial Average (INDU) to a second consecutive positive close. The small-cap index added 8.45 points, or 1.04%, to 818.53. The Dow gained 109.26 points, or 0.81%, to 13,676.23.

On a year-to-date basis, the Russell 2000 has increased 3.95%, while the Dow has added 9.63%.

With no major news on the economic front, investors turned to earnings.

The bullish mood was set after the close on Monday when Apple Inc. (Nasdaq: AAPL) reported a 67% increase in third-quarter revenue, partially driven by strong demand for Macintosh computers.

More good news came this morning when New York-based card issuer American Express Co. (NYSE: AXP) announced that third-quarter profit rose 10%, while telecommunications giant AT&T Inc. (NYSE: T) said that its third-quarter net income increased 41% due to its acquisition of BellSouth Corp.

Among small-cap companies, jet engine components maker EDAC Technologies Corp. (Nasdaq: EDAC) posted a 500% rise in third-quarter profit. Similarly, newspaper publishing company Journal Communications, Inc. (NYSE: JRN) also saw its third-quarter net income climb.

The Russell 2000 (NYSE: IWM) has trimmed its earlier gains and slipped into the red in midday trading, while the Dow Jones Industrial Average (INDU) is holding on to slim gains. At 1:44 p.m. ET, the small-cap index had shed 0.45 points, or 0.06%, to 809.63. The Dow had risen 43.82 points, or 0.32%, to 13,610.79.

Stocks have lost their momentum this afternoon, which came following news of strong third-quarter earnings.

Apple Inc. (Nasdaq: AAPL) set the bullish tone after the close on Monday when it reported a 67% increase in third-quarter revenue, partially driven by strong demand for Macintosh computers.

Also contributing were credit card issuer American Express Co. (NYSE: AXP), which reported before the opening that third-quarter profit rose 10%, and telecommunications giant AT&T Inc. (NYSE: T), which announced that its third-quarter net income increased 41% due to its acquisition of BellSouth Corp.

Futures were pointing north and all indices opened in positive territory. But the enthusiasm from the morning’s earnings reports started to wane around noon, with the bears gaining strength after retailer Target Corp. (NYSE: TGT) lowered its same-store sales forecast for October and Wal-Mart Stores Inc. (NYSE: WMT) said that it now plans less capital expenditures in fiscal 2007 compared with a previous forecast made in June.

Shares of freight transportation company Vitran Corporation Inc. (Nasdaq: VTNC) have found a new 52-week low on news before the opening that third-quarter profit declined and missed Wall Street’s projections.

Net income for the three months ended Sept. 30 was $3.1 million, or $0.23 per share, below analysts’ forecast profit of $0.40 per share. Toronto-based Vitran had a profit of $4.9 million, or $0.38 per share, a year earlier.

“We are clearly disappointed with Vitran’s third-quarter results,” said president and CEO Rick Gaetz in a statement. “We came up short of our expectations due to a continuation of the highly competitive operating environment that impacted revenue growth and has put pressure on industry operating margins in recent quarters.”

However, revenue rose 41.48% to $171.9 million, from $121.5 million during the third-quarter of 2006. Three analysts polled by Thomson Financial were looking for revenue of $170.17 million.

Looking ahead, Vitran’s chief said that the company will focus on building its North American freight network.

Vitran also announced that it expects the current challenging environment to continue into the fourth quarter, making it impossible for the company to meet its annual guidance of $1.60 per share to $1.70 per share. Analysts were looking for earnings of $1.48.
At 12:25 p.m. ET, shares of Vitran Corp. (VTNC) were off $2.96, or 17%, to $14.13. The previous 52-week low was $15.76, established on Feb. 13. The 52-week high is $23.35, touched on June 20.

Ambassadors Group, Inc. (Nasdaq: EPAX), Rocky Brands, Inc. (Nasdaq: RCKY) and hi/fn, inc. (Nasdaq: HIFN) are among the biggest percentage losers in Tuesday's trading among companies with market capitalizations under $750 million.

Here are today's biggest percentage losers:

The Russell 2000 (NYSE: IWM) and the Dow Jones Industrial Average (INDU) are posting solid gains this morning on news of better-than-expected third-quarter earnings.

At 10:33 a.m. ET, the small-cap index rose 3.79 points, or 0.47%, to 813.87. The Dow was up 75.28 points, or 0.55%, to 13,642.25.

The bulls are roaming Wall Street this morning in reaction to upbeat earnings news from major corporate players.

Apple Inc. (Nasdaq: AAPL) got the party started after the close on Monday when it reported a 67% increase in third-quarter revenue, partially driven by strong demand for Macintosh computers.

Helping set the positive tone is AT&T Inc. (NYSE: T), the largest U.S. telecommunications company, which announced that its third-quarter net income increased 41%, mostly due to its acquisition of BellSouth Corp.

Also contributing is credit card issuer American Express Co. (NYSE: AXP), which reported this morning that third-quarter profit rose 10% while revenue added 11%.