Big Stock Gainers (DDD, SIMG, WYN, CMG, DNDN)
NEW YORK, February 06, 2013 (MESHPRESS) – Csrnewsdaily.com, an investor research portal specializing in several sectors including biotech and healthcare and tech stocks on the U.S. market, issues news updates on the following Tuesday’s Top Gainers:-
3D Systems Corporation (NYSE:DDD) shares climbed 6.92% and closed at $66.84 after the company on Feb. 5, declared a three-for-two split of the company’s common stock in the nature of a 50% stock dividend. On February 22, 2013, each stockholder of record at the close of business on February 15, 2013 will receive one additional share for every two shares held on the record date. In lieu of fractional shares, shareholders will receive a cash payment based on the closing market price of DDD stock on the record date. Trading is expected to begin on a split-adjusted basis on February 25, 2013.
Additionally, the company announced that it plans to present at the Stifel 2013 Technology Conference on Wednesday, February 6, 2013 at 10:20 AM PT at The Ritz Carlton in San Francisco, CA.
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Silicon Image, Inc. (NASDAQ:SIMG) shares gained 6.55% to $4.88 in the morning hour after the company yesterday said its revenue for the fourth quarter of 2012 was $59.6 million, approximately a 2% increase from revenue of $58.7 million in the fourth quarter of 2011, and a 19% decrease from $73.9 million in the third quarter of 2012. Revenue for fiscal year 2012 was $252.4 million compared with $221.0 million for fiscal year 2011.
Looking forward, the company expects first quarter revenue of approximately $59 million to $61 million. Analysts were expecting the Company to report revenue of $60 million for the first quarter.
How Should Investors Trade SIMG Now? Find Out Here
Wyndham Worldwide Corporation (NYSE:WYN) stock climbed 7.03% to $60.15 after the company yesterday reported net income of $81 million or $0.57 per share for the fourth quarter, higher than $56 million or $0.37 per share in the prior-year quarter. Adjusted net income for the quarter was $89 million or $0.63 per share. Analysts expected the company to report earnings of $0.60 per share for the fourth quarter. Total revenues for the quarter grew 9 percent to $1.09 billion from $1.0 billion in the same quarter last year, and topped analysts’ consensus estimate of $1.06 billion.
How Should Investors React to WYN Now? Find Out Here
Chipotle Mexican Grill, Inc. (NYSE:CMG) stock jumped 5.93% to $323.11 after the company yesterday posted fourth-quarter net income of $61.35 million or $1.95 per share, up from $57.47 million or $1.81 per share in the year-ago period. Analysts expected the company to report earnings of $1.96 per share for the quarter. Revenues for the quarter grew 17% to $699.16 million from $596.75 million in the prior-year period and beat analysts’ consensus estimate of $698.86 million.
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Dendreon Corporation (NASDAQ:DNDN) shares climbed 6.17% to $6.53. The company announced that management will host a conference call on Monday, February 25, 2012, at 9:00 a.m. ET to review fourth quarter and full year 2012 financial results.
Additionally, the company, early this month, announced preliminary revenues for the fourth quarter ended December 31, 2012. Net product revenue for the quarter is expected to be approximately $85.5 million, which includes an approximate $3.8 million favorable adjustment to the Company’s chargebacks reserve due to a change in estimate. On a pro-forma basis, excluding this adjustment, revenue for the quarter is expected to be approximately $81.6 million, up 5% on a sequential basis.
How Should Investors Trade DNDN Now? Find Out Here
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