Hot Stocks: Big Lots, Petroleo Brasileiro Petrobras, VeriFone Systems, Westport Innovations

Dallas, TX -- (SBWIRE) -- 03/06/2013 -- Marketbuzzreport.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:-

Big Lots, Inc. (NYSE:BIG) shares climbed 5.58% to $35.83 after the company posted a rise in fourth-quarter income from continuing operations to $120.3 million, or $2.09 per share, from $114.7 million, or $1.75 per share last year. Analysts expected earnings per share of $1.98 for the quarter. The company recorded quarterly net sales of $1.75 billion, up from $1.67 billion a year back. Analysts estimated revenues of $1.75 billion for the quarter. Operating profit for the recent period totaled $197 million, a 3% increase year-over-year.

Is BIG a Strong Buy After The Recent Gain? Let’s Find out Here

Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) shares climbed 5.39% to $17.79 in the early hour. PBR’s stock, on Mar. 1, has been reiterated by TheStreet Ratings as a hold with a ratings score of C. The company's strengths can be seen in multiple areas, such as its increase in net income, attractive valuation levels and growth in earnings per share.

Is PBR a Strong Buying Opportunity After The Recent Slump? Find out Here

VeriFone Systems Inc (NYSE:PAY) shares climbed 10.67% to $21.20. The company yesterday reported first-quarter net income of $11.8 million or $0.11 per share, compared to a net loss of $3.1 million or $0.03 per share for the year-ago quarter. Adjusted earnings per share for the first quarter were $0.51, compared to $0.58 in the prior year quarter. Net revenue for the first quarter rose to $428.75 million from $419.52 million a year ago, while adjusted net revenue increased to $429.65 million from $425.20 million last year. Analysts expected the company to earn $0.48 per share on revenue of $426.17 million for the first quarter.

Should Investors Consider PAY After The Recent price Action? Get Free Trend Analysis Here

Westport Innovations Inc. (USA) (NASDAQ:WPRT) shares gained 5.44% to $29.21 in the morning hour. The company announced that it will disclose its financial results for the fourth quarter and fiscal year ended December 31, 2012 on Thursday, March 7, 2013 after market close. To coincide with the disclosure, Westport has also scheduled a conference call for Thursday, March 7, 2013 at 2:00 pm Pacific Time (5:00 pm Eastern Time).

Should Investors Consider WPRT After The Recent price Action? Get Free Trend Analysis Here

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