EdgeWater 11/20/2010 2:52:09 AM
News / Business

Small Stocks Showing Double-Digit Moves (LOGC, CPWM, CRMT)

Small Stocks Showing Double-Digit Moves

LOGIC Devices Incorporated (NASDAQ:LOGC) plunged 14.54% to $0.701. The company reported its revenues and results of operations for its fiscal year ended September 30, 2010.

Revenues for fiscal 2010 were $2,193,300 down 27 percent versus $3,013,200 for fiscal 2009, with a net loss of $1,084,500 or $(0.16) per share in fiscal 2010, compared to a net loss of $811,300 or $(0.12) per share in fiscal 2009.  

The stock is down more than 58% year-to-date. 

Cost Plus, Inc. (NASDAQ:CPWM) soared 27.05% to $6.81. The company reported a narrower loss for the third quarter, driven by higher same store sales, margin improvement and lower costs.

Net loss was $8.35 million or $0.38 per share in the third quarter, compared with a net loss of $22.06 million or $1.00 per share a year ago. Net sales were $194.57 million, a 7.3% rise from $181.42 million in the prior-year quarter.

America's Car-Mart, Inc. (NASDAQ:CRMT) slumped 11.03% to $25.24. Net income attributable to common shareholders declined to $6.18 million from $6.30 million year ago. On a per-share basis, earnings increased 5.7% to $0.56 from $0.53 prior year on lower number of shares outstanding.

Analysts polled by Thomson Reuters expected earnings of $0.65 per share for the quarter. Analysts' estimates typically exclude one-time items.

Total revenue grew 11.2% year-over-year to $91.8 million, topping analysts' estimate of $91.19 million.

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