Tag - Lcry

Hallwood Group Inc. (Nasdaq:HWG), Quixote Corp. (Nasdaq:QUIX) and Penns Woods Bancorp Inc. (Nasdaq:PWOD) are among the new 52-week lows in Monday's trading among companies with market capitalizations under $1 billion.

Also included among the results: KMG Chemicals Inc. (Nasdaq:KMGB), TF Financial Corp. (Nasdaq:THRD), Johnson Outdoors Inc. (Nasdaq:JOUT), Federal Mogul Corp. (Nasdaq:FDML), MAP Pharmaceuticals Inc. (Nasdaq:MAPP) and LeCroy Corp. (Nasdaq:LCRY).

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

Pozen Inc. (Nasdaq:POZN), Xyratex Ltd (Nasdaq:XRTX) and LeCroy Corp. (Nasdaq:LCRY) are among the  among 52-week lows in Friday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Bassett Furniture Industries Inc. (Nasdaq:BSET), Loral Space & Communications Inc. (Nasdaq:LORL), 4 Kids Entertainment Inc. (Nasdaq:KDE), First Citizens Bancorp Cleveland (Nasdaq:FCZA), American Bancorp of New Jersey Inc. (Nasdaq:ABNJ) and Heritage Crystal Clean Inc. (Nasdaq:HCCI).

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

LeCroy Corp. (Nasdaq: LCRY) CEO Tom Reslewic said the maker of electronic test equipment is seeing positive growth, steady sales and the firm has been able to translate the growth into profitability. Reslewic made the comments during a midday conference call.

“Looking forward with our lean cost structure and strong distribution channel, we think we’re in good position to realize the long-term profitability potential in our product pipeline,” Reslewic said. “With that as a background, we’re right on track for our plan for the year.”

The Chestnut Ridge, N.Y.-based company reiterated its fiscal 2008 revenue guidance for a range of $155 million to $165 million and operating income of between $12 million and $17 million.

“It seems clear that we’re well on our way to the high end of our earnings range for the year,” Reslewic said. “I still think sales will end in the middle of the range but earnings are on track to do a little better. Still, it’s unlikely to exceed the range.”

Before the opening, LeCroy reported second-quarter revenue of $40.6 million, which is slightly above analysts’ expectations of $40.09 million. During the year-ago quarter, the company posted $38.1 million in revenue.

“Orders were strong and we generated solid profit with significant cash,” CFO Sean O'Connor said.

LeCroy posted second-quarter net income of $1.2 million, or $0.10 per share, which is lower than Wall Street projections of earning $0.16 per share. A year earlier, the firm recorded a net loss of $7.7 million, or $0.67 per share.

Reslewic said the firm received 64% of its second-quarter orders during the first nine weeks of the period, up from 58% in the first quarter.

“The main event in our strong order story continues to be the performance of our European region,” Reslewic said. “We posted record orders in the European region.”

The chief executive said the firm is seeing “positive results” in the United States after a distribution channel restructuring. Prior to the restructuring, LeCroy had a shared sales force but now has a direct sales force.

In midday trading, LCRY shares are down 1.03%, or $0.09, at $8.66. Over the last 52 weeks, shares have ranged from $6.70 to $10.73.

A rollercoaster ride of trading today ended with the Russell 2000 (NYSE: IWM) gaining ground while the Dow fell after news of a temporary rise in the price of oil. The small-cap index added 1.54 points, or 0.19%, to 824.89. The Dow Jones Industrial Average (INDU) shed 20.40 points, or 0.15%, to 13,892.54.

On a year-to-date basis, the Russell 2000 has increased 4.76%, while the Dow has added 9.11%.

Stocks began on a bullish note following news of better-than-expected third-quarter earnings from tech sector heavyweights Intel Corp. (Nasdaq: INTC) and United Technologies Corp. (NYSE: UTX), but quickly shed those gains halfway through the trading session as the price of oil briefly rose to an intraday high above $88 a barrel.

Investors got jittery around noon ET, after the Turkish parliament overwhelmingly approved a military attack into northern Iraq in order to fight Kurdish rebels, causing the price of oil to clear $88 a barrel before moderating down to $87.40. A cross-border spat could disrupt Iraq’s oil supplies.

Nevertheless, small caps managed to sneak into positive territory just before the close, while the Dow languished in the red.

Meanwhile, U.S. housing starts fell to the lowest annualized pace in 14 years in September. The U.S. Census Bureau announced today that housing starts fell to 1.191 million, missing economists’ projections of 1.285 million. The level in August was an upwardly revised 1.327 million of privately owned housing units.

The stagnation in the housing sector seems to have no end in sight, as building permits, an indicator of future construction plans, also fell.

China Techfaith Wireless Comm. Tech. Ltd. (Nasdaq: CNTF), Sequenom, Inc. (Nasdaq: SQNM) and Alto Palermo S.A. (Nasdaq: APSA) are among the biggest percentage gainers in Wednesday's trading among companies with market capitalizations under $750 million.

Here are today's biggest percentage gainers:

LeCroy Corp. (Nasdaq: LCRY), a supplier of oscilloscopes, reported first fiscal quarter results well above analysts’ estimates today.

For the first three months ended Sept. 30, 2007, the Chestnut Ridge, NY.-based firm recorded earnings per share of $0.17, while two analysts polled by Thomson were on average expecting earnings of $0.07 per share. For the first quarter of 2007, the company recorded per share earnings of $0.16.

Revenues were $38.7 million, compared with revenues of $37 million in the first quarter last year. The consensus of three analysts polled by Thomson was for revenue of $36.19 million.

The small cap attributed its robust results to streamlining operating costs and improving distribution effectiveness. LeCroy said it eliminated layers of management, reduced headcount and terminated unproductive business operations, resulting in a 15% improvement in operating income growth year-over-year and 74% sequentially.

For the full fiscal year 2008, the company is guiding for revenues in the range of $155 million to $165 million. The consensus of three analysts polled by Thomson is for revenue of $158.40 million.

The company noted that it has a pipeline filled with new products and a stronger distribution channel, and as a result said it expects to see continued traction in the oscilloscope market. LeCroy also cautioned about its near-term performance in Japan, but stated that it expects robust sales in the European space.

Shares of LeCroy (LCRY) gained 11.15%, or $0.89, to $8.87 at 1:09 p.m. ET. Shares of LeCroy have been trading in the range of $6.70 to $13.50 for the past 52 weeks.

Shares of LeCroy Corp. (Nasdaq: LCRY) are in positive territory on news before the opening bell that the supplier of oscilloscopes and serial data test solutions reported fiscal fourth-quarter net income that outpaced expectations.

Net income for the period ended June 30 was $1.4 million, or $0.12 per share, double the $0.06 per share expected by three analysts polled by Thomson Financial. The Chestnut Ridge, N.Y.-based company had a profit of $3.6 million, or $0.28 per share, during the same quarter of fiscal 2006.

Although LeCroy’s bottom line beat expectations, revenues came in below Wall Street’s projections. The company brought in $36.8 million during the fourth quarter, 1% below the expected $37.19 million and 4.66% below revenues of $38.6 million during the fourth quarter of fiscal 2006.

Shares of LeCroy Corp. (Nasdaq: LCRY) are sagging following news the maker of oscilloscopes and test and measurement solutions for the design of electronic devices lowered its fiscal 2007 revenue guidance and missed Wall Street’s expectations.

Revenue for the fiscal year ended June 30 will be approximately $152 million, the Chestnut Ridge, N.Y.-based company announced before the opening bell. Four analysts polled by Thomson Financial were calling for revenues of $156.97 million. LeCroy had previously estimated its fiscal year revenue in the range between $155 million and $160 million.