Wednesday’s biggest gaining and declining stocks

Shawshank, VA 5/30/12 (StreetBeat) -- Here are some of the biggest gaining and declining stocks on Wednesday morning:

Gainers

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.

Decliners

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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Booz Allen Hamilton (NYSE: BAH) earnings jump to $50.6 million

Northern, WI 5/30/12 (StreetBeat) -- McLean-based Booz Allen Hamilton Holding Corp. (NYSE: BAH) reported a surge in profits in its latest quarter as revenue rose. Stock in the company rose on news of a special cash dividend.

Booz Allen Hamilton Holding, the parent company of management and technology consulting firm Booz Allen Hamilton Inc., reported net income of $50.1 million, or 36 cents per diluted share, in the company's fiscal 2012 fourth quarter ended March 31. That compares with net income of $18.1 million, or 13 cents per diluted share, in the year ago period.

Revenue in the quarter rose 3 percent to $1.54 billion, compared with $1.49 billion a year ago.

For the entire fiscal year 2012, Booz Allen reported net income of $240 million, or $1.70 per diluted share. That compares with $84.7 million, or 66 cents per diluted, in fiscal 2011. Revenue in fiscal 2012 rose nearly 5 percent to $5.86 billion, from $5.59 billion in the prior year.

Booz Allen reported a backlog of $10.8 billion as of March 31, down from $10.9 billion a year ago.

Booz Allen also said in a statement announcing its earnings Wednesday that it had declared a regular quarterly cash dividend in the amount of 9 cents per share and a special cash dividend of $1.50 per share. Both the quarterly and special dividend are payable on June 29, 2012, to stockholders of record on June 11, 2012.

Shares of Booz Allen Hamilton (NYSE: BAH), which closed Tuesday at $14.88, rose as much as 20 percent to $18.00 in pre-open trading Wednesday, according to MarketWatch.com.

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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