Wednesday’s Winners on NASDAQ: AZPN, PRMW, MHGC, AVGO
Aspen Technology, Inc. (NASDAQ:AZPN) Gains 17%
POINT ROBERTS, Aug. 25, 2011 - InvestorIdeas.com, a global investor research portal for independent investors, reports on top percentage gainers on the NASDAQ for Aug. 24, 2011.
Aspen Technology led the top percentage gainers for the day moving up 17.22%.
Aspen Technology, Inc. (NASDAQ:AZPN) soared $2.39 (17.22%) to $16.27 after it reported earning $41.7 million, or 43 cents a share on during the three month period, up from the loss it suffered last year of $34 million, or 37 cents a share. Adjusted earnings where reported at a loss of 20 cents per share, narrowly smaller than the 23 cents per share loss that analysts had expected the company to report.
Primo Water Corporation (NASDAQ:PRMW) rose $0.66 (16.71%) to $4.61. According to regulatory filings, President and chief executive Billy Prim bought 20,000 shares Monday, five days after a disappointing second-quarter report sent the share price down 61 percent to $5.40.
Prim paid $4.82 a share, or $96,400, for the transaction.
Morgans Hotel Group Co. (NASDAQ:MHGC) increased $0.68 (12.55%) to $6.10 after Property Week reported that Morgans will turn the Sea Containers House along the Thames into a 358-room hotel. Interestingly enough, when the Sea Containers was first built in the 1970s it was intended to be a hotel but that plan was scratched at the last-minute and office space was built instead.
Avago Technologies Ltd (NASDAQ:AVGO) surged $3.01 (10.29%) to $32.27 after the company reported a fiscal third-quarter profit of $144 million, or 57 cents per share, up 19% from its year-ago earnings of $123 million, or 50 cents per share. Excluding items, AVGO earned 68 cents per share, while revenue improved 9.6% to $603 million. Both numbers surpassed analysts' expectations, which called for a profit of 63 cents per share on $592.9 million in revenue.
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