Small Cap News Movers for 2/9/10

ADC (NASDAQ: ADCT) yesterday announced unaudited results for its first quarter ended January 1, 2010. GAAP earnings from continuing operations were $3.6 million, or $0.04 per share. These GAAP earnings include non-GAAP items of $1.7 million. Net sales for first quarter totaled $265.6 million, compared to $299.7 million for the first quarter of fiscal 2009 and $291.2 million for the fourth quarter of 2009. First quarter gross margin was 34.7 percent compared to adjusted gross margins of 29.5 percent during the same quarter of last year and 34.4 percent in the previous quarter. The stock closed at $6.53, up 21.38%, on 10,442,861 traded shares.

UAL Corp (NASDAQ: UAUA) - United Airlines yesterday reported its preliminary consolidated traffic results for January 2010. Total consolidated revenue passenger miles (RPMs) increased in January by 2.4% on a decrease of 2.0% in available seat miles (ASMs) compared with the same period in 2009. This resulted in a reported January 2010 consolidated passenger load factor of 78.5%, an increase of 3.4 points compared to 2009. For January 2010, United reported a U.S. Department of Transportation on-time arrival rate of 83.6%. The stock closed at $15.36, up 17.52%, on 31,234,954 traded shares.

Northgate Minerals Corp.(NYSE AMEX: NXG) announced that its Board of Directors has given formal approval to proceed with development of the Young-Davidson mine near the town of Matachewan, Ontario. Ken Stowe, President & CEO, stated “Young-Davidson represents an integral part of our growth platform and fits our vision of developing and operating profitable and long-life operations in politically predictable, mining friendly jurisdictions.” The stock closed at $2.67, up 8.54%, on 3,547,889 traded shares.

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