New York, NY – April 30, 2012 – www.InvestorIdeas.com, a global investor research portal for independent investors, reports on top percentage gainers on the NASDAQ for Friday, April 27th. The Nasdaq Composite rose 18.59 (0.61%) to close at 3,069.20.
Aware, Inc. (NASDAQ:AWRE) moved $2.41 (64.44%) to close at $6.15 after Intel Corporation (NASDAQ:INTC) agreed to buy the company’s group of patents and patent applications for $75 million. Separately, the company declared a special dividend of $1.15 a share. The company reported EPS of 5 cents on revenue of $5.7 million in its first quarter.
Cray Inc. (NASDAQ:CRAY) rose $2.48 (27.87%) to end at $11.38 after the company reported stronger-than-anticipated first quarter earnings. The company posted net income of 13 cents a share on revenue of $112.3 million, ahead of analysts’ estimates of 10 cents a share on revenue of $98.5 million. For the second quarter, the company forecasts to earn generate revenue of $85 million, topping analysts’ target of $53.5 million. For FY2012, the company sees revenue of $430 million to $450 million, ahead of the previous consensus at $401.3 million.
Expedia Inc. (NASDAQ:EXPE) gained $ 7.68 (23.54%) to close at $40.31 after the company solid first quarter adjusted profit and revenue. The company posted a net loss of $3.3 million, or 2 cents a share, compared to a year ago profit of $52 million, or 37 cents a share. On an adjusted basis, the company earned 26 cents a share, ahead of analysts’ estimates by of 17 cents a share. Revenue during the latest quarter jumped 12% year over year, ahead of $790.9 million expected by analysts.
Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) shares jumped $0.47 (21.86%) to close at $2.62 without any official news. Arena Pharmaceuticals, Inc. is a clinical-stage biopharmaceutical company focused on discovering, developing and commercializing oral drugs that target G protein-coupled receptors.
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