Earnings Recap: Northern Oil & Gas, Optimer Pharmaceuticals, OmniVision Technologies, Inc. (NASDAQ:OVTI), Palo Alto Networks Inc. (NYSE:PANW)

Lakeway, NY -- (SBWIRE) -- 03/01/2013 -- ThePennyStockProfiler.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:-

Northern Oil & Gas, Inc. (NYSEAMEX: NOG) slipped 0.07% to $13.70 after market trading hours. The Co9mpany released year end results. Net income was $72.3 million in 2012 compared to $40.6 million in 2011. The increase in net income was driven by higher production levels in 2012 as compared to 2011. Diluted net income per common share increased to $1.15 in 2012, compared to $0.65 in 2011. Adjusted Net Income for 2012 was $66.2 million or $1.05 per diluted share as compared to $38.8 million, or $0.62 per diluted share for 2011.

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Optimer Pharmaceuticals, Inc. (NASDAQ:OPTR) went up 0.25% to $12.15 after market trading hours. The Company reported fourth quarter net income of $1 million or $0.02 per share compared to $13 million or $0.28 per share last year. Revenues for the quarter were $19.5 million compared with $64.6 million in the prior year period. Analysts estimated a loss of $0.38 per share on revenues of $18.05 million for the quarter.

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OmniVision Technologies, Inc. (NASDAQ:OVTI) decreased 9.80% to $13.90 after market trading hours. The Company reported third quarter net income of $21.3 million or $0.40 per share compared to $111 thousand breakeven per share last year. The adjusted net income was $31.5 million or $0.56 per share from $7.4 million or $0.13 per share last year. Analysts polled by Thomson Reuters expected earnings of $0.41 per share for the quarter. Revenues for the third quarter were $423.5 million from $185.2 million last year.

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Palo Alto Networks Inc. (NYSE:PANW) went down 3.48% to $59.0 after market trading hours. The Company reported second quarter loss of $2.5 million or $0.04 per share compared to a net income of $0.4 million or break-even per share in the previous year period. Non-GAAP net income was $3.9 million or $0.05 per share compared to $2.5 million or $0.04 per share in the comparable quarter last year. The analysts expected the company to report earnings of $0.04 per share. The total revenue for the quarter was $96.5 million from $56.7 million in the year-ago period, while analysts had a consensus revenue estimate of $93.29 million for the quarter.

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