Cirrus Logic, Inc. (NASDAQ:CRUS) Shares Fall 2.33% - Visa Inc, CRUS, MRVL, USG

Lakeway, TX -- (SBWIRE) -- 02/08/2013 -- Bestdamnpennystocks, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-

Visa Inc (NYSE:V) shares dropped 2.34% and closed at $157.06. The company, on Feb. 6, announced financial results for the Company's fiscal first quarter 2013 ended December 31, 2012. Net income for the quarter was $1.3 billion, an increase of 26% over the prior year, or $1.93 per share, an increase of 30% over the prior year. Net operating revenue in the first quarter of fiscal 2013 was $2.8 billion, an increase of 12% over the prior year, driven by strong growth in service revenues, data processing revenues and international transaction revenues.

Is V after A Fall In yesterday’s Session? Find Out Here

Cirrus Logic, Inc. (NASDAQ:CRUS) shares fell 2.33% to $27.26. Glancy Binkow & Goldberg LLP, on Feb. 6, announced that it is investigating potential claims on behalf of purchasers of the common stock of Cirrus Logic, between July 31, 2012 and October 31, 2012 concerning possible violations of federal securities laws. The investigation focuses on allegations that certain statements issued by Cirrus were false and misleading concerning the Company's business and financial prospects.

Additionally, CRUS‘s stock had its “buy” rating reaffirmed by research analysts at TheStreet in a report released this week.

How Should Investors Trade CRUS After The recent Report? Find Out Here

Marvell Technology Group Ltd. (NASDAQ:MRVL) shares decreased 2.32% and closed at $9.28. The company announced it will conduct a conference call following the release of its fourth fiscal quarter and fiscal year 2013 financial results on Thursday, February 21, 2013, at 1:45 p.m. Pacific Time.

Additionally, the company, on Jan. 25, announced it was named a Thomson Reuters 2012 Top 100 Global Innovator. This accolade recognizes Marvell as one of the world's most innovative companies. The Top 100 Global Innovator program is an initiative of the IP Solutions business of Thomson Reuters, honoring corporations and institutions around the world that are at the heart of innovation as measured by a series of proprietary patent-related metrics.

Why Should Investors Consider Buying MRVL Now? Find Out Here

USG Corporation (NYSE:USG) shares fell 2.31% and closed at $27.96. The company, on Feb. 6, reported a fourth-quarter 2012 net loss of $13 million, or $0.11 per share, versus a $100 million, or $0.95 per share loss a year ago. Analysts expected loss per share of $0.27 for the quarter. Operating loss from continuing operations was $8 million this quarter, compared with a $43 million loss in the fourth quarter of 2011. Quarterly net sales from continuing operations of $815 million, were up 12% from last year's $726 million. Analysts estimated revenues of $789.97 million for the quarter.

Is USG Still a Buy After The Recent momentum? Find Out Here

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