Shawshank, VA 5/30/12 (StreetBeat) -- Here are some of the biggest gaining and declining stocks on Wednesday morning:
Booz Allen & Hamilton (NYSE: BAH +14.65%) rose 14% after posting a sharp increase in fiscal fourth-quarter earnings with the help of higher revenue from government markets and improved margins.
Fresh Market (Nasdaq:TFM +11.87%) jumped almost 13% after the organic grocery chain reported a hefty rise in quarterly profit on robust same-store sales growth and upped its top and bottom line forecast for the rest of the year.
Neonode (NYSE:NEON +25.08%) shares jumped 22%. The company will make a presentation later Wednesday at Cowen & Co.’s technology, media and telecom Conference in New York.
KBR (NYSE:KBR -5.56%) fell about 7% following a management reshuffle announcd late Tuesday.
Pep Boys — Manny Moe & Jack (NYSE:PBY -21.82%) shares fell 22% on Wednesday after a deal to sell the company to private-equity firm Gores Group fell through.
Shares of Perfect World (NYSE:PWRD -14.26%) shed 14%. The Chinese online gaming company said late Tuesday first-quarter earnings fell 21% from a year ago and issued a disappointing outlook.
Research In Motion Ltd. (Nasdaq:RIMM -7.38%) shares fell 10%. Late Tuesday, the BlackBerry maker said it would likely post a first-quarter operating loss — a reflection of “lower volumes and highly competitive pricing dynamics in the marketplace,” according to Chief Executive Thorsten Heins.
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