Boston, MA -- (SBWIRE) -- 08/26/2013 -- At winstonsmallcap.com we focus on undervalued companies trading under $5. Right now the markets are surging and we are seeing an opportunity in micro-cap companies like we have never seen before. Let have a Look on: (Fusion-IO, Inc.(NYSE:FIO), Newcastle Investment Corp. (NYSE:NCT), Hercules Offshore, Inc.(NASDAQ:HERO), Flotek Industries Inc(NYSE:FTK)
Fusion-IO, Inc.(NYSE:FIO) shares decreased 0.19% to $10.54. The company on August 22 announced that it will be showcasing how its technology accelerates the value of virtualization in integrated solutions from Cisco, Dell, HP, IBM and VMware in booth 1245 and in the Fusion-io Performance Cafe at VMworld® 2013 in San Francisco next week.
Additionally, the company on August 7 said its fourth-quarter loss widened to $23.8 million, or 24 cents per share, in the fourth quarter, from $2.4 million, or 3 cents per share, a year earlier. Excluding items, company posted a loss of 3 cents per share. Analysts had expected a loss of 3 cents per share on revenue of $110.2 million.
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Newcastle Investment Corp. (NYSE:NCT) shares jumped 1.51% to $5.39. The company on August 7 reported that its second-quarter net income increased to $52.33 million or $0.20 per share, from $29.04 million or $0.21 per share, last year. Core earnings were $43.0 million or $0.16 per share, for the quarter. Income from continuing operations rose to $28.14 million or $0.10 per share, from $23.82 million or $0.17 per share, a year ago. Net interest income decreased to $40.83 million from $48.49 million last year.
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Hercules Offshore, Inc.(NASDAQ:HERO) shares gained 1.57% and closed at $7.10. The company, on July 31, said its second-quarter loss narrowed as the company reported stronger revenue amid dayrate improvement, though again faced significant one-time charges that dragged down results. The company reported a loss of $27.4 million, or 17 cents a share, compared with a year-ago loss of $55.1 million, or 35 cents a share. The company posted adjusted profit of a penny, compared with loss of 10 cents a year earlier. Revenue improved 37% to $211.5 million. Analysts recently predicted an adjusted profit of five cents a share on revenue of $225 million.
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Flotek Industries Inc(NYSE:FTK) shares increased 4.63% to $20.10. The company on July 29 announced sponsorship of applied research at Texas A&M University to investigate the impact of nanotechnology on oil and natural gas production in emerging, unconventional resource plays.
Additionally, the company on July 29 said it expects revenues for the second quarter to surpass $93 million, or $79 million excluding the recently-announced Florida Chemical Company acquisition. Analysts, on average, expect the company to generate revenues of $91.64 million.
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Here at Winston we focus on undervalued companies trading under $5. Right now the markets are surging and we are seeing an opportunity in micro-cap companies like we have never seen before. We focus on companies that we feel are trading at a discount to the market for various reasons. Enter your email and track our performance! We are sure you won’t be disappointed.
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