Lakeway, TX -- (SBWIRE) -- 02/28/2013 -- Bestdamnpennystocks, 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:-
Health Management Associates, Inc. (NYSE:HMA) shares jumped 3.77% and closed at $11. The company, on Feb. 14, reported fourth quarter net income from continuing operations of $50.09 million or $0.19 per share, up from $32.07 million or $0.13 per share in the prior-year quarter. Adjusted earnings per share from continuing operations were $0.12, as compared to last year's $0.13. Analysts expected earnings of $0.18 per share for the quarter. Net revenues grew 6.6% to $1.48 billion from the previous year. Adjusted net revenues increased to to $1.72 billion from $1.58 billion in the same quarter last year, and topped analysts' estimate of $1.68 billion.
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Southwest Airlines Co. (NYSE:LUV) shares gained 3.68% to $11.82. Southwest Airlines and wholly owned subsidiary AirTran Airways, this week, said they began offering for sale new nonstop service international flights between Austin-Bergstrom International Airport and San Jose Del Cabo/Los Cabos International Airport in Baja California, Mexico.
Additionally, the company has been invited to speak at the J.P. Morgan Aviation, Transportation & Defense Conference on Monday, March 4, 2013, at 8:45 a.m. Eastern Time. J.P. Morgan will be webcasting the audio presentation live, and a link to the webcast will be made available via the Investor Relations homepage on the Southwest Airlines website.
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LSI Corp (NASDAQ:LSI) shares climbed 3.67% and closed at $7.06. Rambus Inc. (NASDAQ: RMBS) has signed a patent license agreement with LSI on Feb. 19. This agreement allows LSI Corporation to include Rambus patented innovations in all its products. In addition, the two companies have settled all outstanding claims, including pending disputes related to Rambus’ patented innovations. This patent license agreement will terminate in 2018. Other terms of the agreement are confidential.
Additionally, FBR Capital downgraded LSI’s stock from Outperform to Market Perform with a price target of $8.00 (from $8.50) saying near-term risk of a financial reset somewhat elevated on Feb. 26.
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