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.
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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.
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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.
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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.