Towerstream Corporation & Alliance HealthCare Services Gapped up on Solid Earnings

Towerstream Corporation & Alliance HealthCare Services Gapped up on Solid Earnings

Towerstream Corporation Guides Above Estimates for the Current Quarter

Towerstream Corporation (NASDAQ:TWER) popped up in the early session on Thursday after the company projected strong revenue for the first quarter of FY2012.

The company said that it expects to generate revenue of $7.6 million and $7.7 million in the current quarter.

For the fourth quarter, the company reported a loss of $2.1 million or 4 cents a share, compared to a year ago loss of $1.3 million or 4 cents a share. Revenue during the period grew 32% to $7.2 million from $5.4 million in the corresponding quarter of the last year.

Shares of TWER soared 61 cents or 23.48% to $3.23 with more than 114K shares already traded hands, compared to its 30-day average volume of 250K shares.

Alliance HealthCare Reports Lower Loss in Q4

Alliance HealthCare Services, Inc. (NYSE:AIQ) shares also gapped up after the company’s fourth quarter loses trimmed and projected solid revenue outlook for the FY2012.

The company said that it expected to have revenue within the range of $470 million to $500 million in FY12, ahead of analysts’ estimates of $482.51 million.

For the fourth quarter, the company reported a loss of $16.4 million or 31 cents a share, down from a year ago loss of $29.6 million or 56 cents a share. Revenue during the quarter jumped to $120.7 million compared to $117.7 million in the fourth quarter last year.

Analysts were estimating the company to report a loss of 8 cents a share on revenue of $121.07 million for the quarter.

Shares of AIQ are up 29% to $1.78 in the opening session with more than 114K shares traded hands.