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Hot Technology Stock - (NASDAQ:SCIL) - Today’s Top Percentage Mover
Scientific Learning Corporation (NASDAQ:SCIL) Is Today’s top Percentage Mover
Scientific Learning Corporation (NASDAQ:SCIL) ballooned over 85% to $6.29 in morning trade on massive volume of 1.10 million shares after today it announced preliminary financial results for the third quarter ended September 30, 2009. On a preliminary basis, total booked sales and revenues are expected to be record quarterly highs in the range of $25.5-$26.0 million and $19.0 to $20.0 million, respectively. The midpoint of these ranges would represent increases of 70% in booked sales and 54% in revenue versus the third quarter last year. Based on these preliminary booked sales and revenue figures, the company anticipates third quarter earnings per share in the $0.30-$0.34 range. During the third quarter, the company paid off the $2.5 million balance on its line of credit, and in addition, expects to end the quarter with cash and cash equivalents in the range of $16-$17 million.
Today the stock made a new 52-week high at $6.90 in opening trade.
Scientific Learning Corporation (Scientific Learning) develops and distributes the Fast ForWord family of software. The Company’s products build learning capacity by applying neuroscience-based learning principles to improve the fundamental cognitive skills required to read and learn.
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