Thursday, March 8, 2012

Stocks Beat Forecasts on Top, Bottom Lines (Nasdaq: KTOS, AMAG) (NYSE: FTK)

Stocks Beat Forecasts on Top, Bottom Lines (Nasdaq: KTOS, AMAG) (NYSE: FTK)Austin, TX 3/8/12 (StreetBeat) –Flotek (NYSE: FTK) surges on earnings, revenues

The drilling-equipment maker reported fourth-quarter profit of $0.20 a share on revenue of $74.9 million. Analysts had expected $0.15 and $73.8 million. The company is also growing quickly overseas, and FTK rallied 7 percent on tradeMONSTER's extended-hours platform.

Kratos Defense (Nasdaq: KTOS) Blows Past Estimates

Kratos Defense and Security reported profit of $0.17 a share, crushing the $0.01 analyst forecast. Revenue guidance was also strong looking forward, and KTOS rallied 16 percent before the bell.

AMAG (Nasdaq: AMAG) Rallies on Anemia-Drug Tests

The pharmaceuticals company has had disappointments before, but yesterday afternoon AMAG announced that its Feraheme anemia drug had met its primary endpoints. Overall adverse effects were also comparable with patients who had received IV iron sucrose. AMAG is popping 9 percent in extended trade.

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