Thursday’s biggest gaining and declining stocks

Palm Beach, FL 7/5/12 (StreetBeat) – Shares of the following companies made notable moves Thursday in U.S. premarket trade:

Advancers

International Speedway ISCA +2.67% was up 5% after posting jumps in both revenue and profit for its second quarter

Netflix NFLX +11.19% rose 7%, building on gains made in Tuesday’s holiday-shortened session.

OraSure Technologies Inc. OSUR +11.57% rose 7%, extending recent gains that came after the Food and Drug Administration approved the company’s over-the-counter HIV testing kit.

Ross Stores ROST +6.97% gained almost 6% after the retailer posted June same-store sales that topped analyst estimates.

Victoria’s Secret parent Limited Brands Inc. LTD +7.07% gained 5% after it said same-store sales rose 7%, well ahead of the 2.4% increase Wall Street was expecting.

SXC Health Solutions Corp. SXCI +1.88% rose 6%. Credit Suisse reiterated its outperform rating on the health-care firm and said the next major catalyst for the company will be forecasts accompanying second-quarter results.

Decliners

Ambow Education Holding Ltd. AMBO -11.21% fell 9% after the company said late Wednesday it swung to an adjusted first-quarter loss of 14 cents a share, compared with adjusted profit of 4 cents a share in the year-ago period.

Buckle BKE -5.55% was off 5% after reporting drops in both same-store and total sales last month.

Cato Corp. CATO -9.81% was off 6% after it posted a 10% slump in June same-store sales.

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Ambow Education (NYSE: AMBO) further delays annual report

Shawshank, VA 5/16/12 (StreetBeat) -- Ambow Education Holding Ltd (NYSE: AMBO) further delayed the filing of its annual report, saying it has identified several adjustments to be made to its 2011 results.

The adjustments include changes to its revenue recognition methods, bad debt provisions, taxes and a potential charge from a prior acquisition, the Chinese education company said.

Earlier this month, Ambow said it expects to file its 2011 annual report by May 15, after missing the April 30 deadline.

But on Wednesday, the company said it requires additional time to complete the audit of its statements and that it expects to file the report with the SEC within one month.

Its shares fell 10 percent to $5.06 - their lowest in nine months - on the New York Stock Exchange.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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