Shares of Proto Labs Inc. (NYSE: PRLB), a manufacturer of computer numerical machined and plastic injection modeled parts, are seeing a huge rally in trading today after the company reported strong fourth-quarter financial results.
For the fourth quarter of 2012, PRLB reported adjusted net income of $0.31 per share, easily beating Street estimates of $0.26 per share. The company’s revenue for the quarter jumped 31% to $33.6 billion.
PRLB shares rose to a 52-week high of $52.04 earlier today. At last check, the stock was trading 21.57% higher at $51.06 on above average volume of 517,751.
Another major gainer in trading today is Zillow Inc. (NASDAQ: Z), a real estate information marketplace. Shares of the Seattle, Washington-based company are soaring ahead of the release of its fourth-quarter results.
Zillow will report its quarterly results after market close today. The company is expected to report a 57% increase in sales to $31.3 million.
Zillow shares are currently trading 8.58% higher at $39.26 on volume of 216,426. The stock hit an intra-day high of $39.71 earlier today.
Shares of Rackspace Hosting Inc. (NYSE: RAX), a provider of a portfolio of cloud computing services, are sinking in trading today after the company’s fourth-quarter revenue missed Street estimates.
For the fourth quarter of 2012, Rackspace reported net income of $30 million, or $0.21 per share, compared to $25 million, or $0.18 per share reported for the same period in the previous year. The company’s net income for the quarter came in-line with Street estimates. Revenue for the quarter was $353 million, missing Street estimates of $355.4 million.
RAX shares fell to an intra-day low of $62.60 earlier today. At last check, the stock was trading 16.43% lower at $62.66 on above average volume of 4.80 million.
Shares of Cliff Natural Resources Inc. (NYSE: CLF), an international mining and natural resources company, have plunged in trading today after the company reported a loss in its fourth quarter.
CLF reported a net loss of $1.62 billion, or $11.36 per share, compared to a profit of $185.4 million, or $1.30 per share reported for the same period in the previous year. Excluding one-time items, the company reported earnings of $89 million, or $0.62 per share, compared to $213 million, or $1.49 per share reported for the same period in the previous year. The company’s revenue for the quarter fell to $1.42 billion from $1.53 billion reported for the same period in the previous year.
CLF shares fell to a 52-week low of $29.50. At last check, the stock was down 19.26% to $29.56 on above average volume of 14.26 million.
Shares of WellCare Health Plans Inc. (NYSE: WCG), a provider of managed care services to government-sponsored health care programs, are soaring in trading today after the company reported its fourth-quarter financial results.
WCG reported fourth-quarter GAAP net income of $48.8 million, or $1.11 per share, compared to $85.1 million, or $1.96 per share reported for the same period in the previous year. Adjusted net income for the quarter was $57.6 million, or $1.32 per share, compared to $93.4 million, or $2.15 per share reported for the same period in the previous year. The company’s adjusted earnings for the quarter beat consensus forecast of $1.25 per share.
At last check, WCG shares were trading 10.90% higher at $59.83 on above average volume of 710,889.
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