Dallas,Tx 5/19/2010 10:25:49 PM
News / Business

Early Volume Stocks Buzzers (QTM, SVA, BEE, DDS)

Volume Stocks Buzzers

 

Quantum Corporation (Public, NYSE:QTM) The San Jose, California-based maker of backup and archival programs for computers reported sales of $164 million in the fiscal fourth quarter, missing the $170 million estimated by Morgan Keegan & Co.

 

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Sinovac Biotech Ltd. (Public, NASDAQ:SVA) lost 13.60% to $4.70. The Beijing-based biopharmaceutical company reduced its 2010 sales forecast, predicting $67 million at most.

 

Strategic Hotels & Resorts Inc. (Public, NYSE:BEE) fell 8% to $4.79. The real-estate investment trust managing luxury hotels in North America and Europe announced plans for an additional offering of 66 million common shares at $4.60 each.

 

Dillard's, Inc. (Public, NYSE:DDS)  jumped 9.50% to $28.14  after it said Friday its first-quarter net income climbed to $48.8 million, or 68 cents a share, from $7.7 million, or 10 cents a share, in the year-ago period. Excluding a charge of 2 cents a share, Dillard's earned 70 cents a share. The retailer's revenue fell slightly to $1.48 billion, from $1.51 billion. "We are encouraged by our solid first quarter performance as we report good results in our key operational areas including inventory management and cost control," the company said.

 

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