Kirkland’s Fall 14% On Earnings (KIRK, VALV, GSS, JKS, IMOS)

Kirkland’s Fall 14% On Earnings (KIRK, VALV, GSS, JKS, IMOS)

Kirkland’s Inc (NASDAQ:KIRK) plunged 14.40% to $11.0 after the Company reported first quarter results. Net income was $0.10 per share compared to $0.15 per share in the previous year period. The consensus estimate EPS was $0.10 in the first quarter. The Company expects second quarter loss to be in the range $0.11 to $0.07.

Shengkai Innovations Inc (NDA) (NASDAQ:VALV) slipped 13.89% to $0.870 on a traded volume of 363k shares. Revenues were $5.7 million compared to $26.6 million in the third quarter of fiscal year of 2011. Gross profit was $2.6 million compared to $15.2 million in the third quarter of fiscal year 2011. Net loss was approximately $0.1 million compared to net income of $27.2 million in the third quarter of 2011. Diluted losses per share were $0.01 compared to $1.46 in the third quarter of 2011.

Golden Star Resources Ltd (USA) (NYSEAMEX: GSS) declined 11.74% to $1.16 The Company has entered into certain definitive agreements to purchase an aggregate of $74.5 million of the principal outstanding under its 4.00% Convertible Senior Unsecured Debentures due November 30, 2012. Scotia Capital reduced the price target on the stock to $2.00 in a research note.

JinkoSolar Holding Co Ltd (NYSE:JKS) declined 9.49% to $4.29. The Company has dismissed the Company’s previous independent registered public accounting firm and engaged Ernst & Young Hua Ming as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2012.

ChipMOS Technologies (Bermuda) Ltd (NASDAQ:IMOS) plunged 5.51% to $12.0 after the Company released first quarter results. Net revenue was NT$4,384.0 million or US$148.6 million compared to NT$4,469.6 million or US$151.5 million in the first quarter 2011. Net loss was NT$170.0 million or NT$6.29 per share compared to net loss of NT$118.7 million or NT$4.61 per share in the first quarter of 2011.