Tuesday’s biggest gaining and declining stocks

Palm Beach, FL 5/8/12 (StreetBeat) -- The following companies made notable moves in U.S. trading on Tuesday:

Gainers

FreightCar America Inc. (Nasdaq: RAIL +2.55%) rose 10% after the firm said Tuesday that its first-quarter profit came in at about $10 million, or 81 cents, versus a $1.3 million, or 11 cents a share, loss a year ago.

GTX Inc. (Nasdaq: GTXI +14.52%) rose 15% after it said the U.S. Food and Drug Administration has lifted its hold on clinical trials for the potential advanced prostate cancer and hormonal treatment Capesaris.

Decliners

Electronic Arts Inc. (Nasdaq: EA -6.87%) declined 5%. The game maker said it expects fiscal first-quarter adjusted revenue of $500 million on an adjusted loss of 40 cents to 45 cents a share. Analysts polled by FactSet Research were looking for a loss of 33 cents a share on $581 million in revenue.

Shares of Fossil Inc. (Nasdaq: FOSL -32.93%) fell more than 29% after the firm said its first-quarter earnings rose 4.2%, but a softening European economy contributed to the watch and fashion-accessories retailer’s slower-than-expected sales growth.

Mako Surgical Corp. (Nasdaq: MAKO -36.50%) dropped 37% after the surgical products maker said its first-quarter results came in at the low end of expectations. The company also pared back its 2012 sales projections for its key robotic arm systems to a range of 52 to 58, down from its earlier forecast of 56 to 62 systems.

Rackspace Hosting Inc.’s (NYSE: RAX -12.79%) shares dropped 14% after the company’s first-quarter earnings of 17 cents a share came in a penny below Wall Street’s projection.

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Rackspace (NYSE: RAX) Spikes On Q4 Beat; Benchmark Ups To Buy

Palm Beach, FL 2/14/12 (StreetBeat) – Rackspace (NYSE: RAX) shares are trading sharply higher Tuesday morning following the company’s better-than-expected Q4 financial report after the close on Monday.

As I noted late yesterday, the company reported revenue of $283 million, up 7.1% from Q3 and 32% from a year ago, and ahead of the Street at $281 million. Profits of 18 cents a share topped the Street at 15 cents. Adjusted EBITDA of $102 million was up 16.2% sequentially and 42% year-over-year, and ahead of the Street at $94.5 million.

Benchmark Co. analyst Clayton Moran this morning responded to the report by raising his rating on the stock to Buy from Hold.

“Rackspace reported strong Q4 results while indicating trends should drive similar performance in 2012,” he writes in a research note. “We raise our estimates to reflect sustained high growth and solid margins. We now forecast over 30% y/y EBITDA growth in both 2012 and 2013. Using 18x 2012E EBITDA, which is 14x 2013E, our price target rises from $45 to $60 per share.”

RAX this morning is up $3.79, or 7.7%, to $53.02.

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