Lakeway, NY -- (SBWIRE) -- 03/12/2013 -- 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:-
Live Nation Entertainment, Inc. (NYSE:LYV) shares jumped 3.29% and closed at $11.63. The company, on Feb. 26, reported net loss to common shares of $163 million or $0.87 per share for fiscal year 2012, compared with net loss of $83 million or $0.46 per share in the prior year. Revenues for the year rose 8% to $5.8 billion from $5.4 billion a year ago. Analysts estimated a loss of $0.37 per share on revenues of $5.67 billion for fiscal year 2012.
Is LYV a Still a Buy after the Solid momentum? Let’s Find out Here
Skullcandy Inc (NASDAQ:SKUL) shares increased 3.26% to $5.38. The company, on Mar. 7, announced financial results for the fourth quarter and full year ended December 31, 2012. Net sales in the fourth quarter of 2012 increased 21.0% to $101.0 million from $83.4 million in the same quarter of the prior year. Net income in the fourth quarter of 2012 was $11.5 million, or $0.41 per diluted share, based on 27.8 million diluted weighted average common shares outstanding.
As of December 31, 2012, cash and cash equivalents totaled $19.3 million compared to $23.3 million at December 31, 2011 and the Company had no long-term debt.
Is SKUL a Strong Buying Opportunity After The Recent Slump? Find out Here
InvenSense Inc (NYSE:INVN) shares increased 3.24% and closed at $12.11. STMicroelectronics, Inc., the U.S. subsidiary of Micro-Electro-Mechanical Systems, or MEMS, on Mar. 11, said it has filed a complaint with the U.S. International Trade Commission, requesting an investigation into the alleged infringement of five ST patents covering all of InvenSense, Inc. This is the second patent lawsuit that ST has brought against InvenSense for seeking injunctive relief and monetary damages.
Should INVN Buy After The Recent Movement? Let’s Find out Here
Old Republic International Corporation (NYSE:ORI) shares jumped 3.21% and closed at $12.21 in the last trading session. The company will begin trading ex-dividend on March 07, 2013. A cash dividend payment of $0.18 per share is scheduled to be paid on March 21, 2013. Shareholders who purchased ORI stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 1.41% increase over the prior quarter.
Should ORI Buy After The Recent Movement? Let’s Find out Here
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