HotPennyStockNews.com is devoted to fetch you the most exclusive stocks in the market today. Apart from scanning the markets for the most underrated stocks. We propel those victors directly to your email inbox first ahead of the rest of the marketplace gets a prospect.
Los Angelas, CA -- (SBWIRE) -- 10/30/2012 -- American Axle & M (NYSE:AXL) is -1.21 - -10.44% from the previous close of $11.59. It traded between $10.25 - 11.29 with total traded volume of 8512302 shares. At Current Market Price, AXL is in distance of -12.23% from its 50-day Moving Average price of $11.8258 and -1.95% from its 200-day Moving Average price of $10.5867. American Axle & Manufacturing Holdings (NYSE:AXL) reported earnings on Oct. 26. For the quarter ended Sep. 30 (Q3), American Axle & Manufacturing Holdings beat expectations on revenues and missed estimates on earnings per share. Compared to the prior-year quarter, revenue grew and GAAP earnings per share dropped to a loss. Margins shrank across the board. American Axle & Manufacturing Holdings reported revenue of $702.9 million. The 10 analysts polled by S&P Capital IQ wanted to see revenue of $684.9 million on the same basis. GAAP reported sales were 8.5% higher than the prior-year quarter's $647.6 million.
Has AXL Found The Bottom: CLICK HERE To KNow More
Goodyear Tire & Rubber Co. (NYSE:GT) Friday released the financial results for the third quarter ended 30 September 2012, reporting a drop in net income for the quarter on lower total revenues. One of the largest tire companies in the world reported net income available to common shareholders for the third quarter ended 30 September 2012 of $110 million, or $0.41 per diluted share, lower than net income of $161 million, or $0.60 per diluted share, reported for the corresponding third quarter of 2011. Total Sales for the third quarter declined to $5.26 billion from $6.06 billion reported for the same quarter in the previous year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.59 per share on revenues of $5.87 billion for the quarter. Analysts' estimates typically exclude special items.
Collect A Free Analyst Report On GT Today: Free Sign Up Here
Quantum Corporati (NYSE:QTM) are trading at $1.10 and is -30.74% from its 50-day Moving Average price of $1.5883 and -38.52% from its 200-day Moving Average price of $1.7891. Quantum Corp. (NYSE:QTM ) announced today that it priced a private placement of $60 million aggregate principal amount of 4.50% Convertible Senior Subordinated Notes due 2017 to be issued to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended. The company has granted the initial purchaser of the notes an over-allotment option to purchase up to an additional $10 million aggregate principal amount of notes for a period of 30 days from October 26, 2012. The notes will be Quantum's unsecured senior subordinated obligations and will bear interest semiannually at a rate of 4.50% per annum. The notes will be convertible, at the option of the holders, into shares of the company's common stock at an initial conversion rate of 607.1645 shares per $1,000 principal amount of notes. At the initial conversion rate, the notes will be convertible into shares of common stock at a conversion price of approximately $1.65 per share, representing a conversion premium of approximately 35 percent over the last reported sale price of the company's common stock on October 25, 2012, which was $1.22 per share.
Are these stocks a buy or sell? Find Here
Brentwood-based LifePoint Hospitals Inc.'s (Nasdaq:LPNT) earnings were down 51 percent in the third quarter compared to the same period a year ago, the company announced in its earnings report. LifePoint announced earnings of $19.3 million, or 40 cents per basic share, on revenue of $820.2 million. Analysts, on average, had anticipated earnings of 76 cents per share on revenue of $814.5 million, according to Thomson Reuters. LifePoint Hospita (NasdaqNM:LPNT) is -3.88 - -9.69% from the previous close of $40.04. It traded between $34.90 - 38.80 with total traded volume of 2445351 shares. At Current Market Price, LPNT is in distance of -13.80% from its 50-day Moving Average price of $41.9486 and -8.35% from its 200-day Moving Average price of $39.4554.
Can LPNT Recover After The Recent fall? Find Out Here
Neither HotPennyStockNews.com nor its owners, operators, affiliates or anyone disseminating information on its behalf is registered as an Investment Advisor or broker dealer in any jurisdiction whatsoever and none of the information provided by HotPennyStockNews.com, owners, operators, affiliates or anyone disseminating information on its behalf should be construed as investment advice or an investment recommendation. HotPennyStockNews.com makes no recommendation that the securities of the companies profiled should be purchased, sold or held by individuals or entities that learn of the profiled companies through HotPennyStockNews.com. Investing in securities is speculative and carries a high degree of risk and no investment should be made unless you can afford to lose your entire investment. It is possible that an investor's entire investment may be lost or impaired due to the speculative nature of the companies profiled. Please consult a broker before purchasing or selling any securities viewed on or mentioned herein..
Copyright © 2005-2013 - SBWire, The Small Business Newswire - All Rights Reserved - Important Disclaimer
Contact Us: 888-4-SBWIRE (US) - 920-321-1250 (International)