Lakeway, TX -- (SBWIRE) -- 02/20/2013 -- 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:-
Rambus Inc. (NASDAQ:RMBS) shares increased 6.38% and closed at $5.84 in yesterday’s session. The company yesterday announced it has signed a patent license agreement with LSI Corporation (NASDAQ: LSI). 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, the company updated its revenue guidance for the quarter ending March 31, 2013. With the addition of a one-time payment license agreement, the Company revised its revenue guidance for the quarter to be between $65 million to $69 million. Rambus initially provided revenue guidance for the quarter in the range of $58 million to $63 million.
How Should Investors Trade RMBS After The Latest Report? Find Out Here
Rockwood Holdings, Inc. (NYSE:ROC) stock gained 5.98% to $60.94 after the company yesterday posted fourth quarter net income of $21.2 million, down from $62.9 million a year ago. On a per share basis, earnings totaled $0.26 versus $0.79 last year. On an adjusted basis, net income from continuing operations totaled $38.0 million or $0.47 per share, just missing the $0.48 per share consensus estimate of analysts. Net sales for the period were $829 million, up from $814.4 million last year and analyst expectations of $790.85 million.
Is ROC a Buy After The Recent News? Get Free Trend Analysis Here
Unwired Planet Inc (NASDAQ:UPIP) shares climbed 5.45% and closed at $2.13 after the company yesterday announced that the Company will hold an analyst day from noon to 2:30 pm Eastern Time on March 12 at the Ritz Carlton in New York. This invitation-only event is for financial analysts and institutional investors. For other interested parties, the Unwired Planet Financial Analyst Day will be available as a live webcast.
How Should Investors Trade UPIP After The Recent Movement? Find Out Here
Wolverine World Wide, Inc. (NYSE:WWW) shares climbed 4.94% to $45.02 after the company yesterday posted fourth quarter net loss of $3.72 million or $0.08 per share compared to profit of $23.01 million or $0.47 per share last year. Adjusted earnings per share were $0.48. Analysts expected earnings of $0.17 per share for the quarter. Revenue for the quarter increased to $652.25 million from last year's $406.47 million. Analysts expected revenues of $652.09 million.
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