PennyStockPickAlert.com Announces Investment Opinion: Top 3 Mid-Morning Gainers for Friday, May 7, 2010 are Las Vegas Sands, Crocs, American International Group

Penny Stock Pick Alert, a weekly newsletter that provides insight to the markets and profiles of emerging companies with strong upside potential, announces Top 3 Stock Gainers for Thursday, May 06, 2010.

Following are the top three stock gainers of the day after reporting their quarterly earnings:

Las Vegas Sands Corp. (NYSE:LVS) said on late Thursday that its first-quarter net loss narrowed to or 4 cents a share, compared with a loss of 12 cents a share, a year ago. Revenue grew 24% to $1.33 billion. Adjusted earnings worked stood at 7 cents a share, higher than the Wall Street’s expectations of 2 cents a share and revenue of $1.31 billion.

Shares of the casino-operator are down 4% to $20.78.

Crocs, Inc. (NASDAQ:CROX) turned profitable in the first-quarter and earned $5.7 million, or 7 cents a share, compared with a loss of $22.4 million, or 27 cents a share, a year ago. Revenue jumped 24% to $166.9 million. Analysts had been expecting earnings of 2 cents a share on revenue of $159.95 million.

For the current quarter, the company projects earnings of 18-22 cents a share with revenue to be between $210 million - $220 million, easily beat the analysts estimates of 16 cents a share on revenue of $212.8 million.

Shares of CROX are gaining over 7.30% to $10.30.

American International Group, Inc. (NYSE:AIG) swung to a first-quarter profit and earned $2.16 a share, compared with a loss $39.67 a share. Adjusted Profit came at $1.21 a share, easily topped the analysts’ estimates of 74 cents a share.

Shares of AIG are up over 2.12% to $37.53.

The facts and opinions expressed in this release are supported by CFA Ankit Singhania.

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