Las Vegas, NV -- (SBWIRE) -- 01/15/2013 -- 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:-
Majesco Entertainment Co. (NASDAQ:COOL) stock plunged 32.81% to $0.712 after the company yesterday reported fourth-quarter net loss of $2.7 million or $0.07 per share, compared with net loss of $3.9 million or $0.10 per share last year. Net revenues for the quarter were $26.6 million, up 6 percent from $25 million a year ago. Analysts expected earnings of $0.02 per share on revenues of $23.97 million for the quarter.
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Lululemon Athletica inc. (NASDAQ:LULU) stock dropped 6.31% to $ 67.71 after the company announced that it now anticipates fourth quarter revenue will be at the high end of its original guidance range of $475 million to $480 million. The Company now expects diluted EPS will be $0.74, compared to previous guidance of 0.71 to $0.73.
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Atmel Corporation (NASDAQ:ATML) stock dropped 4.88% to $6.63 after Atmel Corporation and Wasion Group announced the two companies have signed a memorandum of understanding (MoU) to develop smart electricity meters and data concentrators utilizing highly integrated power line communication (PLC) solutions developed by Atmel.
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ARM Holdings plc (ADR) (NASDAQ:ARMH) shares decreased 4.79% to $40.37 after Morgan Stanley analyst Francois Meunier cut his rating on the microprocessor IP licensing company to Equal Weight from Overweight. Additionally, Piper Jaffray downgraded ARM Holdings citing valuation and keeps a $40 price target for shares.
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Alcatel Lucent SA (ADR) (NYSE:ALU) shares dropped 1.78% to $1.66. Reuters reported that France Telecom SA would consider taking over the subsea cables business of Alcatel Lucent SA, as the telecoms gear maker seeks to ease its debt burden. Loss-making Alcatel is racing to cut costs and reduce cash burn after being hit by competition from low-cost Chinese rivals and lower spending on network gear by global telecom operators.
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