Las Vegas, NV -- (SBWIRE) -- 01/31/2013 -- PennyStockParlay.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:-
Owens-Illinois Inc (NYSE:OI) increased 4.31% to $23.74 after market trading hours. The company announced fourth quarter results. Net sales were $1.75 billion compared to $1.82 billion in the prior year fourth quarter. The segment operating profit was $164 million compared to $200 million in the prior year period. The adjusted earnings were $0.40 per share compared to $0.48 per share in the fourth quarter of 2011 due to lower segment operating profit.
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QUALCOMM Inc (NASDAQ:QCOM) augmented 6.23% to $67.49 after market trading hours. The Company reported first quarter non-GAAP EPS of $1.26, beating the consensus estimate of $1.13. The Company expects to report second quarter non-GAAP EPS of $1.10 to $1.18 and between $4.25 and $4.45 for the full year 2013.
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Quantum Corp (NYSE:QTM) closed at $1.32. The Company announced third quarter results. Revenue declined 8% to $159 million primarily due to expected declines in OEM and branded tape automation revenue. The net loss was $8 million or 4 cents per share compared to GAAP net income of $4 million in the same quarter of last year. The year-over-year declines were largely driven by the lower overall revenue.
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STMicroelectronics N.V. (ADR) (NYSE:STM) declined 2.76% to $8.09 after market trading hours. The Company announced fourth quarter net revenue of $2.16 billion. The gross margin was 32.3% in the fourth quarter. Net loss attributable to parent company was $428 million, mainly due to a charge of $544 million for the impairment of Wireless goodwill and other intangible assets following the Company's decision to exit the ST-Ericsson joint venture.
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Skyworks Solutions Inc (NASDAQ:SWKS) went up 12.24% to $24.20 after market trading hours. The Company posted first quarter net income of $66.49 million or $0.34 per share compared to $57.13 million or $0.30 per share in the previous year quarter.
The analysts expected the company to report earnings of $0.54 per share for the first quarter. Net revenues for the quarter increased 15% to $453.72 million, however analysts' consensus estimates of $450.67 million.
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