Tuesday, July 31, 2012

Notable Gainers Of The day (AH, CIE, LQDT, KLIC, ATPG)

Accretive Health, Inc. (NYSE:AH) stock soared 34.97% to $13.51 in the early hour after the company announced that it has entered into an agreement to settle the allegations brought against the Company by the Minnesota State Attorney General earlier this year following the theft of a laptop, from which no patient data was accessed. The settlement contains no admission of liability or wrongdoing.  

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Cobalt International Energy, Inc. (NYSE:CIE) stock surged 17.64% to $28.41 after the company posted second-quarter net loss of $141 million, or $0.35 per share, from $19 million, or $0.05 per share, a year earlier. The company has no oil and gas revenue. Adjusted loss was $0.11 per share, while analysts had expected a loss of $0.09 per share.

Additionally, the company said that its Cameia No. 2 appraisal well off the Angolan shores has found a large hydrocarbon accumulation and discovered oil deposits deeper than those found in Cameia No. 1. The company plans to perform more tests in August.

Liquidity Services, Inc. (NASDAQ:LQDT) shares climbed 4.69% to $46.01 in the early hour after the company posted third quarter profit of $14.9 million, or $0.45 a share, as compared with a year-ago loss of $1.1 million, or $0.04 a share. In May, the company saw adjusted per-share earnings in the range of $0.43 a share to $0.46 a share. Revenue rose 46% to $121.3 million, just below analysts' expectations of $122.6 million.

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Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) shares increased 10% to $10.81 after the company posted third quarter net income of $68.17 million or $0.90 per share, as compared to $70.71 million or $0.95 per share in the same period a year ago. Total net revenue declined to $255.53 million from $294.44 million in the prior-year quarter. Analysts expected the company to report earnings of $0.67 per share on revenues of $239.55 million.

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