Biggest Percentage Gainers (PLCM, BLTI, WMG, FCEL)

The company reported fourth quarter EPS of $0.49 after the bell Thursday, excluding items. The consensus estimate was for EPS of $0.43.
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Scottsdale, AZ (prHWY.com) January 26, 2011 - Polycom, Inc. (NASDAQ:PLCM) soared 15.45% to $44.08. The company reported fourth quarter EPS of $0.49 after the bell Thursday, excluding items. The consensus estimate was for EPS of $0.43.

Biolase Technology, Inc. (NASDAQ:BLTI) jumped 9.03% to $3.02 after it made its new 52-week high of $3.48. Yesterday, the company said it expects to post a profit after four quarters of loss. The company expects fourth quarter revenue of $9.5-$10 million with a profit excluding non-cash stock expenses. The company expects 2011 revenue to grow about 120-140 percent to $55-$60 million and first-quarter revenue of $8.75-$9.25 million.

Warner Music Group Corp. (NYSE:WMG) skyrocketed 27.33% to $6.01. Reuters reported that the company is up for sale. Warner Music has hired Goldman Sachs as an advisor to help with the process.

FuelCell Energy, Inc. (NASDAQ:FCEL) advanced 7.87% to $1.92. Earlier this month, the company announced that it has completed its previously announced sale of 10,160,428 units at a negotiated price of $1.87 per unit, with each unit consisting of (i) one share of its common stock, par value $0.0001 per share and (ii) one warrant to purchase 1.0 share of Common Stock, in a registered direct offering for gross proceeds of $19.0 million. Continue @ http://www.collegestock.com/blog/744-biggest-percentage-gainers-plcm-blti-wmg-fcel/

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Categories: Investment

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