U.S. stocks closed little changed on Friday, even though the Nasdaq hit another record high by the end of the trading session.
Transgenomic Inc TBIO plummeted more than 43 percent, driven by the announcement of the company’s second quarter results. A net loss of $(0.10) per share was substantially lower than the one of $(0.26) per share seen in the same quarter last year, while revenue of $500,000 implied a 13.6 year-over-year surge, and reflected higher oncology and grant revenues.
Capnia Inc CAPN gained almost 10 percent following its Q2 earnings report, even though a net loss of $(0.23) per share missed estimates by $0.03, and revenue of $391,000 was barely in line with expectations. Interestingly,, the sales figure implied a 3,800 percent year-over-year surge in revenue.
Kingold Jewelry Inc KGJI skyrocketed 45.85 percent after the bell rang. Q2 EPS of $0.30 compared to last quarter’s $0.01, while revenue of $390.3 million was substantially higher than last quarter’s $249.4 million.
Badger Meter, Inc. BMI lost almost 6 percent in Friday’s after-hours session, after announcing a 2-for-1 stock split and a 15 percent raise in its quarterly dividend from $0.20 per share to $0.23 per share. “ Over the 10-year period ended June 30, 2016, the company has generated a 12% compound annual total return to shareholders through both a strong dividend policy and stock price appreciation,” said CEO Richard A. Meeusen.
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