Orexigen Therapeutics, Oriental Financial Group and Imation lead small-cap percentage gainers
Orexigen Therapeutics Inc. (Nasdaq:OREX), Oriental Financial Group Inc. (Nasdaq:OFG) and Imation Corp. (Nasdaq:IMN) are among the biggest percentage gainers in Wednesday's trading among companies with market capitalizations under $1 billion.
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Also included among the results: Charlotte Russe Holding Inc. (Nasdaq:CHIC), AirTran Holdings Inc. (Nasdaq:AAI), Overstock.com Inc. (Nasdaq:OSTK), Fulton Financial Corp. (Nasdaq:FULT), Terremark Worldwide Inc. (Nasdaq:TMRK) and Martin Midstream Partners LP (Nasdaq:MMLP).
Terremark records earnings lossTerremark Worldwide Inc. (Nasdaq: TMRK) traded down in after-hours trading on Thursday after reporting its results for its fourth quarter and fiscal year. The operator of carrier-neutral integrated Internet exchanges and provider of managed IT infrastructure solutions recorded a net loss for the fourth quarter ended March 31, 2007, of $0.10 loss per share, or $4.5 million, compared with a loss of $0.50 loss per share, or $22.0 million, in the same quarter last year. Seven analysts polled by First Call/Thomson Financial expected a loss of $0.09 per share for the quarter on revenue of $30.42 million. Total revenues for the quarter clocked in at $30.7 million, compared with $19 million in the same quarter one year ago. Total revenues for the fiscal year were $100.9 million, an increase of 61% over fiscal 2006.
Hoku Scientific, Inc. leads small-cap pre-market volumeSilicon supplier Hoku Scientific, Inc. (Nasdaq: HOKU) received a decade-long contract worth about $678 million to supply polysilicon to Suntech Power Holdings Co. Ltd. (NYSE: STP). Starbucks Corp. (Nasdaq: SBUX) announced it will no longer sell Jones Soda Co. (NASDAQ: JSDA) in its coffee shops beginning this summer. Drug developer ArQule, Inc. (Nasdaq: ARQL) priced 7 million shares in its secondary offering at $7.75 a share. Merriman Curhan Ford said Rackable Systems, Inc. (Nasdaq: RACK) is in “turnaround mode” in an upbeat assessment. RAM Holdings Ltd. (Nasdaq: RAMR) announced an offering of 4.6 million shares priced at $15.50 apiece. MSNBC pundit Jim Cramer gave Great Lakes Dredge & Dock Corp. (Nasdaq: GLDD) a bullish mention. Beverly Hills Bancorp Inc. (Nasdaq: BHBC) reported its corporate board is going to review the company's strategic alternatives, including a possible sale. The following are the most actively traded companies in Thursday pre-market trading among those with market capitalizations under $500 million: spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer
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