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Big Mover; Physicians Formula Holdings Inc. (FACE)

By Warren Paige

Physicians Formula Holdings Inc. (NASDAQ: FACE) shares rose sharply on Friday after the Azusa, California-based cosmetics company released its financial results for the first quarter of fiscal 2012.

FACE shares ended the day 22.26% higher at $3.79 after touching an intra-day high of $4.

Physicians Formula, which specializes in the development and marketing of products for the mass market channel, reported first-quarter net sales of $26.2 million, compared with $21.1 million reported for the same period in the previous year. Net sales growth in the first quarter was driven by a rise in color cosmetics sales and expanded distribution of skin care line.

FACE reported first-quarter net income of $2.4 million, or $0.16 per share, compared with $0.5 million, or $0.03 per share reported for the same period in the previous year.

Ingrid Jackel, Chairwoman and CEO of Physicians Formula, said that FACE is pleased with its first-quarter results, which exceeded both top and bottom line expectations. Jackel said that FACE has returned to profitability due to strong product performance and financial discipline.

May 7th, 2012 | Tags: | Category: Hot MicroCaps

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.