Orlando, FL -- (SBWIRE) -- 10/24/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Fusion-IO, Inc. (NYSE:FIO), First Solar, Inc. (NASDAQ:FSLR).
Fusion-IO, Inc. (NYSE:FIO) shares fell 2.04% and closed at $12.98. The company on Oct. 23 said it forecast only a small rise in second-quarter revenue and said its chief financial officer had resigned. The company said revenue fell 27% to $86.3 million in the first quarter. Analysts expected second-quarter revenue of $113.8 million. The company reported a loss of $27.9 million, or 28 cents per share, for the first quarter, compared with net income of $3.9 million, or 4 cents per share, a year earlier. Excluding items, Fusion-io posted a loss of 7 cents per share. Analysts had expected a loss of 11 cents per share on revenue of $84.7 million.
Additionally, the company on Oct. 23 announced that Gary Smerdon has joined the company as chief strategy officer and executive vice president. Former senior vice president and general manager of the accelerated solutions division (ASD) at LSI, Smerdon is an industry leader with extensive expertise in architecting and executing growth strategies in flash memory solutions.
Are investors worried about the recent updates with FIO? Find out with a free trend analysis HERE
First Solar, Inc. (NASDAQ:FSLR) shares declined 2.60% to $53.08. The company will report financial results for the third quarter ended September 30, 2013, after the market closes on Thursday, October 31, 2013. The Company will hold its quarterly conference call to discuss these results and outlook for 2013 at 4:30 p.m. ET.
Additionally, the company on Oct. 16 announced it has entered into an agreement to construct a 250 megawatt (MW)AC solar power plant in Riverside County, California, for a subsidiary of NextEra Energy Resources, LLC. The McCoy Solar Energy Project will be located on approximately 2,300 acres of mostly public land provided by the Bureau of Land Management (BLM) approximately 13 miles northwest of Blythe, California.
Is FSLR going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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