Dallas, TX -- (SBWIRE) -- 03/11/2013 -- Marketbuzzreport.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:-
Vonage Holdings Corp. (NYSE:VG) shares gained 3.30% to $2.82. The company, on Mar. 6, applauds the Federal Communications Commission (FCC) for issuing an order that prohibits U.S. telecommunications providers from paying rates for calls to Pakistan above those in place prior to October 1, 2012, when telecommunications providers in Pakistan, with the support of the Pakistani government, increased the cost to complete calls to the country by more than 500 percent (the "Order").
Additionally, the company, on Feb. 13, announced that it has entered into an agreement to form a joint venture with Brazilian-based Datora Telecom to deliver communications services in Brazil. Brazil represents a substantial opportunity for Vonage and Datora, with 67 million total households, 17 million broadband households(1), and more than one million expats.
How Should Investors Trade VG After The Recent Price movement? Find out Here
American Eagle Outfitters (NYSE:AEO) shares jumped 3.23% and closed at $21.07. The company, on Mar. 6, said it will close approximately 15-20 stores in 2013 * Exec says early spring mall traffic "not been as robust as we would like" * Exec says opening new mainline stores in underserved markets including Miami and New York, and "aggressively" expanding factory store growth.
Additionally, the company, on Mar. 6, said it said it earned $94.8 million, or 47 cents per share, last quarter, as compared with a profit of $51.3 million, or 26 cents a share, a year earlier. Excluding one-time items, it earned 55 cents a share, trailing consensus estimates from analysts by a penny. Net revenue rose 9% to $1.12 billion, matching the Street’s view. Same-store sales gained 4%, compared with an 11% jump in the year-earlier period.
Is AEO a Strong Buying Opportunity After The Recent Slump? Find out Here
Foster Wheeler AG (NASDAQ:FWLT) stock climbed 3.16% to $21.22. Canaccord Genuity reiterated its Buy rating on FWLT on Mar. 4, but lowered its price target from $34.50 to $30.00.
Additionally, the company, on Mar. 1, reported fourth quarter net income of $6.30 million or $0.06 per share, sharply lower than $39.25 million or $0.34 per share in the prior-year quarter. Adjusted net income for the quarter was $28.94 million or $0.27 per share, compared to $44.78 million or $0.39 per share in the year-ago quarter. Analysts expected the company to report earnings of $0.46 per share for the quarter. Operating revenues for the quarter declined to $735.28 million from $1.13 billion in the same quarter last year, and missed analysts' consensus estimate of $976.55 million.
Is FWLT a Buy After The Latest Price Action? Find Out Here
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