Hot Stocks: Skullcandy, Sequenom, Quiksilver, Finisar Corporation

Dallas, TX -- (SBWIRE) -- 03/08/2013 -- 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:-

Skullcandy Inc (NASDAQ:SKUL) shares dropped 22.98% to $5.18. The company yesterday 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.

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

Sequenom, Inc. (NASDAQ:SQNM) shares fell 9.84% to $4.05 after the company yesterday reported total revenues of $33.7 million and $89.7 million for the fourth quarter and full year of 2012, respectively. Net loss was $32.8 million, or $0.29 per share, and $117.1 million, or $1.03 per share, for the fourth quarter and full year, respectively.

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

Quiksilver, Inc. (NYSE:ZQK) shares decreased 8.11% to $5.78. The company yesterday announced operating results for the fiscal 2013 first quarter ended January 31, 2013. The company posted first quarter net revenues of $431 million, as compared with $450 million in the year ago period. First quarter net loss attributable to Quiksilver, Inc. was $31 million, or $0.19 per share, compared with $23 million, or $0.14 per share in the same period last year.

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

Finisar Corporation (NASDAQ:FNSR) shares fell 6.63% to $14.73 after the company, on Mar. 7, reported a higher quarterly profit, helped by an increase in demand for its fiber optic products. Net profit grew to $16.3 million, or 17 cents per share, in the third quarter from $14.2 million, or 15 cents per share, a year earlier. Revenue for the third-quarter rose 2.7 percent to $238.4 million.

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

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