Orlando, FL -- (SBWIRE) -- 10/31/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On NQ Mobile Inc (ADR) (NYSE:NQ), Cirrus Logic, Inc. (NASDAQ:CRUS), Central European Media Enterprises Ltd. (NASDAQ:CETV).
NQ Mobile Inc (ADR) (NYSE:NQ) shares climbed 11.26% to $12.25. The company on Oct. 25 responded to the allegations raised in a research report by Muddy Waters dated October 24, 2013. The company believes that the allegations and accusations set forth in the Muddy Waters report (the "Report") are false and inaccurate and contain numerous errors of facts, misleading speculations and malicious interpretations of events. Further, the allegations fail to take into account various factors necessary to understand the matters addressed.
Additionally, the company will report its 3Q2013 results after the U.S. markets close on Nov. 12.
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Cirrus Logic, Inc. (NASDAQ:CRUS) shares fell 13.76% to $21.06. Investment analysts at Canaccord Genuity lifted their target price on shares of CRUS from $18.00 to $24.00 in a note issued to investors on Oct. 30. The firm currently has a “hold” rating on the stock.
The company on Oct. 29 issued its quarterly earnings data. The company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.60 by $0.24. The company had revenue of $190.70 million for the quarter, compared to the consensus estimate of $181.68 million. During the same quarter in the prior year, the company posted $0.79 earnings per share.
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Central European Media Enterprises Ltd. (NASDAQ:CETV) shares plunged 53.85% and closed at $2.82 in the last trading session. The company on Oct. 30 posted an operating loss before depreciation and amortization and cut its 2013 forecasts on a weaker Czech outlook. The operating loss before depreciation and amortization for the three months ended Sept. 30 was $32.4 million, after income of $3.5 million a year earlier, the company said. Net revenue fell 3 percent to $135.8 million, it said.
Looking forward, the company cut its full-year Oibda outlook to a loss of between $40 million and $30 million, reflecting lower expectations for operations in the Czech Republic and Slovakia and higher restructuring and severance costs, it said. It foresees 2013 revenue of between $640 and $650 million.
Is CETV going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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