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Wednesday, August 1, 2012

Big Gainers Of The Day (CO, CDZI, RFP, ARC, LAD)


China Cord Blood Corp (NYSE:CO) jumped up 8.10% to $2.67.  The Company has filed with the U.S. Securities and Exchange Commission its Annual Report on Form 20-F for the fiscal year ended March 31, 2012.

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Cadiz Inc (NASDAQ:CDZI) among the gainers in NASDAQ and the stock soared 42.25% to $10.10. The Company announced that the Santa Margarita Water District Board of Directors voted to certify the Final Environmental Impact Report for the Cadiz Valley Water Conservation, Recovery and Storage Project and approve the Project's Groundwater Management, Monitoring and Mitigation Plan and Purchase and Sale Agreement.

Resolute Forest Products Inc (NYSE:RFP) increased 19.61% to $10.98 after the Company announced preliminary second quarter results. Net loss will be $20 million or $(0.20) per share compared to net income of $61 million or $0.63 per diluted share in the prior year period. Sales will be $1.2 billion versus $1.2 billion in the second quarter of 2011.
The Company announced second step plan of arrangement transaction whereby Fibrek and RFP Acquisition Inc have amalgamated resulting in Resolute indirectly owning 100% of the shares of Fibrek Inc.

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American Reprographics Company (NYSE:ARC) augmented 4.35% to $4.56. The Company will hold a conference call with investors and analysts on August 7, 2012 to discuss results for the second quarter 2012.

Lithia Motors Inc (NYSE:LAD) soared 3.63% to $28.87 after the Company reported second quarter results.  Adjusted income from continuing operations were $19.9 million or $0.76 per diluted share compared to adjusted income from continuing operations of $14.4 million or $0.54 per diluted share in the prior year period. Revenue from continuing operations increased 26% to $847.1 million. The Company repurchased 741,092 shares of its Class A common stock at a weighted average price of $24.23 per share. The Company expects earnings within a range of $0.74 to $0.76 per diluted share for the third quarter of 2012.

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