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NASDAQ Top Percentage Gainers; (CACH), (SFLY), (KFRC), (TTWO)(February 06, 2013)
NASDAQ Top Percentage Gainers; (CACH), (SFLY), (KFRC), (TTWO)
Visit: Cache Inc.
New York, New York - February 6, 2013 (www.investorideas.com newswire) Investorideas.com staff: Investorideas.com, an investor research portal specializing in sector research for independent investors reports on the top percentage gainers on the NASDAQ for February 6th, 2013.
Cache Inc., (NASDAQ:CACH) trading at $4.05 rose by $0.71 or 21.26% on a volume of 93,203 shares, making it todays top percentage gainer.
Cache Inc., stocks were a surprise gainer today after the announcing the resignation of, CEO and Chairman of the Board, Thomas Reinckens as well as releasing negative Q4 results.
The company has poached a new chairman and CEO from rival Limited Brands who has 30 years of retail, merchandising, and product development experience, Jay Margolis. Prior to running the Express and Limited stores for Limited Brands, he was president and COO at Reebok.
In separate news, Cache preannounced Q4 earnings results, saying it believes comparable-store sales have declined 0.7% in the quarter that ended Dec. 29, that total sales were down 3.3%, and that the company incurred a pre-tax loss of anywhere from $4.8 million to $5.1 million
Shutterfly Inc., (NASDAQ:SFLY) trading at $40.01 gained $6.42 or 19.11% on a volume of 5,016,472 shares.
Shutterfly Inc. soared the most in 11 months after forecasting 2013 sales that were higher than analysts estimated as marketing and mobile tools help the online photo-sharing service expand its customer base.
Shutterfly Inc. Chief Executive Officer Jeffrey T. Housenbold stated that the vast majority of their new customer growth was organic, driven by integrated marketing campaigns.
Shutterfly, which turns digital photos into products such as photo books and greeting cards, said annual sales will rise as much as 17 percent as marketing, including a ship-to-store partnership with Costco Wholesale Corp., helps add customers. Consolidation in the market for Web-based photo services will also help Shutterfly bolster revenue.
Kforce Inc., (NASDAQ:KFRC) trading at $15.89 moved up $2.37 or 17.53% on a volume of 153,143 shares.
Kforce reported earnings for the quarter ended Dec. 31 (Q4) where Kforce met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank and GAAP earnings per share dropped significantly. EPS came in at $0.24 while the eight earnings estimates compiled by S&P Capital IQ averaged $0.22 per share. GAAP EPS of $0.17 for Q4 were 15% lower than the prior-year quarter's $0.20 per share.
Take-Two Interactive Software Inc., (NASDAQ:TTWO) trading at $14.19 gained $1.53 or 12.09% on a volume of 4,334,009 shares.
Take-Two Interactive Software Inc., publisher of the "Grand Theft Auto" video games, rose after reporting third-quarter results that beat analysts estimates on sales of its latest basketball title.
Adjusted sales increased 71 percent to $405 million as opposed to the analyst projected $363.8 million.
Take-Two, which on Jan. 31 delayed the next version of its best-selling "Grand Theft Auto," cited sales of its "Borderlands 2" shooter game and "NBA 2K13," which benefited after Electronic Arts Inc. canceled a rival basketball title. The publisher has shipped more than 15 million copies of "NBA 2K," which received its highest overall rating ever.
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