Stocks Showing Double-Digit Moves (GRRF, Cisco Systems, Inc., RINO)

China GrenTech Corporation Limited (ADR) (NASDAQ:GRRF) soared 14.43% to $3.41. The company announced its unaudited financial results for the third quarter ended September 30, 2010. Net income for the third quarter of 2010 was RMB12.9 million (US$1.9 million) compared to a net income of RMB20.1 million in the same period of last year. Basic and diluted earnings per common share were RMB0.02 (US$0.003) and RMB0.02 (US$0.003), respectively, while basic and diluted earnings per ADS were RMB0.55 (US$0.08) and RMB0.54 (US$0.08), respectively. Total revenue for the third quarter was RMB396.9 million (US$59.3 million), representing a RMB2.0 million, a slight increase compared to the same period last year. Cisco Systems, Inc. (NASDAQ:CSCO) plunged 16.62% to $20.42. The company reported first quarter non-GAAP net income of $0.42 per share after the bell Wednesday, up from $0.36 per share last year. The consensus estimate was for EPS of $0.40. Revenues climbed to $10.75 billion, from $9.02 billion last year. The stock went down more than 14% year-to-date. RINO International Corporation (NASDAQ:RINO) slumped 14.26% to $11.30. The company is all set to report its unaudited Q3 results on November 15. The stock went down more than 59% year-to-date.
tdp2664
Newsworthy Stocks