Update on Gainers: Spansion Inc. (CODE), Gain Capital Holdings Inc (GCAP), WisdomTree Investments, Inc. (WETF)

Spansion Inc. (NYSE:CODE), a $1.2 billion chipmaker, met analysts’ earnings estimate in 3Q and its revenue also increased from last year. The company also guided EPS in-line for the current quarter. Spansion Inc. (NYSE:CODE) reported a net loss of $10.8 million, translating to $0.18 per share for the quarter. That was a significant improvement from the net loss of $36.9 million or $0.63 per share last year. On an adjusted basis, Spansion Inc. (NYSE:CODE) posted a net income of $17.9 million, suggesting $0.27 per share. That was in-line with the consensus estimate of $0.27.

As for the revenue, the company generated $315.93 million for the quarter, which was up nearly 15% from the same quarter a year ago. However, the revenue figure fell short of the estimate of $325.04 million.

Spansion Inc. (NYSE:CODE) expects adjusted 4Q earnings in the band of $0.26-$0.33 and revenue of $290-$325 million. Analysts, on the other hand, are looking for earnings of $0.36 a share and revenue of $336.7 million for the quarter.

Where do analyst foresee upcoming resistance in CODE?

Gain Capital Holdings Inc (NYSE:GCAP), a $287 million online forex trading provider, is acquiring a U.K-based peer known as City Index. That transaction is valued at $118 million and comes as a premium of nearly $28 million to City Index’s book value as at the end of September. The fact that Gain Capital Holdings Inc (NYSE:GCAP) is willing to pay such a huge premium in itself suggests how bullish the company is about the acquisition. The company has done a few more acquisitions earlier. It bought GFT for $28 million last year.

The through the acquisition of City Index, Gain Capital Holdings Inc (NYSE:GCAP) will not only expand presence in the U.K., but also add to its side key assets that are already successful.

Have technical analyst identified a strong wedge in GCAP?

WisdomTree Investments, Inc. (NASDAQ:WETF) has initiated a quarterly dividend and also announced a stock repurchase program.  Following the developments, the company will pay a dividend of $0.08 per share on November 26. The company will also return $100 million to shareholders in the form of a buyback.

WisdomTree Investments, Inc. (NASDAQ:WETF) earned $0.08 per diluted share in the latest quarter.

Volume Price Trend Indicator (VPT) of WETF

About the Author

Barry is a senior journalist at Us Markets Daily. He reports, shoots and edits many of his own stories by himself.

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