Lakeway, NY -- (SBWIRE) -- 03/13/2013 -- 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:-
Summer Infant, Inc. (NASDAQ:SUMR) surged up 8.62% to $2.52 on a traded volume of 49k shares. The company reported fourth quarter results. Net revenues increased 6% to $58.5 million. The increase in revenue was primarily driven by higher sales of furniture, safety, plays and monitors products. Gross profit for the fourth quarter of 2012 was $18.3 million from $19.5 million in the fourth quarter of 2011. The net loss was $1.5 million or $0.09 per share in the fourth quarter of 2012, compared to net loss of $0.4 million, or $0.02 per share in the fourth quarter of 2011.
Is SUMR a Strong After The recent price Movement? Let’s Find out Here
Peregrine Pharmaceuticals (NASDAQ:PPHM) increased 3.80% to $1.64 on a traded volume of 65k shares. The Company reported third quarter loss of $4.9 million or 4 cents per share from loss of $11.1 million or 13 cents per share in the prior year period. Revenue grew to $7 million from $3.3 million over the three months ended January 31. Analysts forecast a loss of 7 cents per share on $4.1 million in revenue, according to FactSet.
Is PPHM a Strong Buying Opportunity After The Recent Slump? Find out Here
Spectrum Pharmaceuticals, Inc. (NASDAQ:SPPI) slipped 35.80% to $7.98. The Company commented on anticipated first quarter performance and updated its 2013 outlook for the Company. Spectrum Pharmaceuticals anticipates a change in ordering patterns of FUSILEV following the recent stabilization of the folate analog market. The Company now expects that FUSILEV sales will be approximately $10 to $15 million for the first quarter of the year, and approximately $80 to $90 million for the 2013 fiscal year.
Is SPPI Signaling a Buy Signal After The recent Volatility? Let’s Find out Here
Velti Plc. (NASDAQ:VELT) moved down 26.69% to $2.28. The Company released fourth quarter results. Revenue increased 12% to $97.5 million. Revenue less 3rd party costs was $66.6 million, a decrease of 2% compared with revenue less 3rd party costs from Q4 2011. Adjusted EBITDA was $25.1 million compared with $43.1 million in Q4 2011. GAAP net loss attributable to Velti was $5.2 million and diluted EPS of $(0.08) compared with net income of $25.0 million and EPS of $0.40 for Q4 2011. Adjusted net income was $26.0 million and adjusted diluted EPS of $0.39 compared with adjusted net income of $37.3 million and adjusted diluted EPS of $0.59 for Q4 2011.
Is VELT a Strong Buying Opportunity After The Recent Gain? Find out Here
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