TechTarget Inc (NASDAQ:TTGT) shares surged 22.91% and closed
at $5.15 in the previous trading session after the company’s second quarter
revenues decreased 6% to $26.4 million for the quarter. Net income was $2.0
million for second quarter, as compared to a net income of $1.8 million in the
year ago period. Net income per basic share was $0.05 for both second quarter
of 2012 and 2011.
How Should Investors
Trade TTGT Now, get trend Analysis
Additionally, the company expects third quarter total
revenues to be within the range of $23.9 million to $25.1 million and adjusted
EBITDA to be within the range of $4.3 million to $5.0 million. Analysts are
expecting the Company to report revenues of $26.7 million and EBITDA of $5.9
million for third quarter of 2012.
China Information Technology, Inc. (NASDAQ:CNIT) shares
soared 20% and closed at $0.900 in yesterday’s session. The company posted
second quarter revenue of $13.28 million, as compared to $27.89 million in the
same period last year. Income from operations during the second quarter of 2012
was a loss of $17.1 million, a decrease of $22.6 million, or 412.5%, from an
income of $5.5 million in the year ago period.
Can CNIT Mover
Further High? If Yes, On What Factor? Get Free
Analysis
Clearwire Corporation (NASDAQ:CLWR) shares jumped 18.53% and
closed at $1.78 in the last trading session. The company, on July 26, 2012,
reported a second quarter loss of $145.8 million, or $0.33 a share, from a
year-earlier loss of $168.7 million, or $1.01 a share. Revenue decreased 1.8% to $316.9 million. Analysts
most recently projected a loss of $0.31 a share on revenue of $321 million.
Should Investors Buy CLWR After
Recent Rally
Computer Sciences Corporation (NYSE:CSC) shares jumped
15.71% and closed at $29.53 in the last trading session. The company posted
first-quarter net income of $40 million, or $0.26 a share, from $183 million,
or $1.17, in the same quarter a year earlier. Analysts had estimated $0.22 a
share. Sales dropped 1.9% to $3.96 billion, in line with projections.
Additionally, the company announced that the Board of
Directors has declared a regular quarterly dividend of $0.20 per share on the
Company’s Common Stock. The dividend will be paid on October 4, 2012 to
stockholders of record at the close of business on September 5, 2012.
Suntech Power Holdings Co., Ltd. (ADR) (NYSE:STP) shares
climbed 15.74% and closed at $1.07 in the previous trading session. The company
has delivered more than one gigawatt of solar panels to customers throughout
North and South America. The milestone was passed in July 2012, distinguishing
Suntech as one of the first global solar companies with a one gigawatt track
record in the region.
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