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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Fresh Market (Nasdaq: TFM) 1Q profit rises, lifts 2012 outlook

Northern, WI 5/30/12 (StreetBeat) -- Fresh Market's (Nasdaq:TFM) first-quarter net income climbed 43 percent and the grocer bumped up its outlook for the year Wednesday citing strong sales to begin 2012.

Fresh Market earned $19.3 million, or 40 cents per share, for the period ended April 29. That's up from $13.5 million, or 28 cents per share, a year ago.

This topped the 36 cents per share that analysts polled by FactSet expected.

Revenue rose 23 percent to $324.8 million from $264.5 million, beating Wall Street's $310.6 million.

The number of transactions climbed 5.7 percent during the quarter, while the average transaction size increased 2.5 percent.

Revenue at stores open at least a year climbed 8.2 percent. This metric is a key gauge of a retailer's health because it excludes results the volatility from stores recently opened or closed.

Fresh Market now expects fiscal 2012 earnings of $1.28 to $1.34 per share, up from $1.26 to $1.31 per share.

Analysts predict earnings of $1.30 per share.

Fresh Market Inc., based in Greensboro, N.C., had 116 stores in 21 states in the Southeast, Midwest, Mid Atlantic and Northeast as of Wednesday.

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