Las Vegas, NV -- (SBWIRE) -- 01/29/2013 -- PennyStockParlay.com, 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:-
Mindspeed Technologies, Inc. (NASDAQ:MSPD) shares gained 3.25% to $4.45 in the after hour trading after the company released its earnings data yesterday. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.17. The company had revenue of $38.40 million for the quarter, compared to the consensus estimate of $38.21 million. During the same quarter in the previous year, the company posted ($0.07) earnings per share. The company’s revenue for the quarter was up 13.6% on a year-over-year basis.
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Olin Corporation (NYSE:OLN) stock increased 0.29% to $24 in the after hour trading after the company reported an 85% surge in profit for the fourth quarter, reflecting strong revenue growth and lower restructuring charges.
The company’s net income for the fourth quarter was $34.6 million or $0.43 per share, up from $18.7 million or $0.23 per share in the year-ago period. Analysts expected the company to earn $0.35 per share for the quarter. Net sales for the quarter rose 32% to $587.6 million from $445.8 million in the prior-year period. Analysts had a consensus revenue estimate of $546.61 million.
For fiscal 2012, Olin's net income declined to $149.6 million or $1.85 per share from $241.7 million or $2.99 per share in the previous year. However, net sales for the year rose 11% to $2.18 billion from $1.96 billion in the prior year. Analysts expected the company to report earnings of $1.77 per share for the year on revenues of $2.14 billion.
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Sanmina Corp (NASDAQ:SANM) reported first-quarter net income of $621 thousand or $0.01 per share, compared with $8.6 million or $0.10 per share last year. Adjusted earnings for the quarter were $24 million or $0.29 per share, compared with $22.8 million or $0.28 per share a year ago. Revenues for the quarter edged down to $1.49 billion from $1.50 billion in the prior year. Analysts expected earnings of $0.34 per share on revenues of $1.53 billion for the quarter.
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Steel Dynamics, Inc. (NASDAQ:STLD) stock climbed 1.33% to $15 in the after hour trading after the company reported a surge in profit for the fourth quarter, due mainly to lower cost of sales. Net income for the quarter rose to $55.0 million from $25.7 million in the same period last year. Net income attributable to Steel Dynamics was $61 million or $0.27 per share, compared to $30 million or $0.14 per share last year. Cost of sales fell to $1.524 billion from $1.698 billion last year. Analysts expected the company to earn $0.15 per share for the quarter. Revenues totaled $1.7 billion, down from $1.9 billion last year. Analysts expected revenues of $1.69 billion.
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