New York, NY, April 04, 2012 – www.InvestorIdeas.com, a global investor research portal for independent investors, reports on top percentage gainers on the NASDAQ for Tuesday April 03rd. The Nasdaq Composite ended lower by 6.13 (0.20%) to close at 3,113.57.
SmartHeat Inc(NASDAQ:HEAT) shares soared 91.61% to $5.25 in Tuesday’s trading session despite the company reported a fourth-quarter loss primarily due to write-downs in two recently acquired businesses. However, the company said a slowdown in the end-market demand would be temporary and also promised a rigorous program of cost cutting to maintain control of its budget.
The company posted a fourth-quarter loss of $9.6 million, which included $9 million in write-downs. Revenue declined to $33.7 million in the latest quarter as China’s fiscal tightening measures pressured the company’s top line.
CONN’S, Inc.(NASDAQ:CONN) reported a profit in its fiscal fourth quarter results thanks to higher average selling price, which led to improved margins. Shares of the company soared 15.52% and closed at $19.05. During the latest quarter, the company reported a profit of $7.7 million, or $0.24 a share, as compared to a year-ago loss of $3.6 million, or $0.12 a share. Revenue increased 3.7% to $226.7 million. Analysts projected revenue of $222 million Looking forward, the company expects fiscal 2013 diluted EPS of $1.20 to $1.30. Analysts are expecting the company to report EPS of $1.11.
Tranzyme Inc (NASDAQ:TZYM) climbed 14.29% to end at $2.96 after analysts at JMP Securities maintained their “outperform” rating on the stock. The company is a clinical-stage bio-pharmaceutical company focused on discovering, developing and commercializing small molecule therapeutics for the treatment of acute and chronic GI motility disorders.
Yongye International Inc (NASDAQ:YONG) jumped 13.18% to close at $3.52 after the company provided an update on accounts receivable collection for the quarter ended March 31, 2012.
The company has collected $140 million of $154 million accounts receivable during the first quarter of 2012. Additionally, the company has taken measures to increase its collection efforts and closely monitor its distributors’ financial status, and expects to collect the remaining accounts receivable balance in the second quarter of 2012.
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