Lakeway, TX -- (SBWIRE) -- 02/05/2013 -- 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:-
Facebook Inc (NASDAQ:FB) shares gained 1.89% to $28.64. The company, on Jan. 31, reported a plunge in fourth-quarter profit on higher spending. Net income fell 79% to $64 million last quarter as operating expenses jumped 82%. That outpaced a 40% revenue gain to $1.59 billion and raised concerns that margins will come under pressure. Chief Executive Officer Mark Zuckerberg plans to increase expenses, excluding certain costs, 50% this year to hire staff and roll out new tools for advertisers. Profit excluding some items was 17 cents a share. That compares with analysts’ prediction for 15 cents. Analysts had projected $45.8 million in profit on sales of $1.52 billion.
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Hovnanian Enterprises, Inc. (NYSE:HOV) shares gained 0.56% to $5.35. On Jan. 31, Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Hovnanian Enterprises for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders' approval for an amendment to the Company's Certificate of Incorporation.
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Microsoft Corporation (NASDAQ:MSFT) shares climbed 0.44% to $27.55 in the morning hour. On February 01, 2113 Microsoft Corporation Savings Plus 401(K) Plan bought 9,498,000 shares of Rei Agro at Rs 9.90 on the NSE.
Additionally, the company has provided a $2 billion loan to the group that has proposed to take Dell private. Microsoft is committed to the long term success of the entire PC ecosystem and invests heavily in a variety of ways to build that ecosystem for the future.
Get More latest News, Rumors and Updates On MSFT Here
Intel Corporation (NASDAQ:INTC) stock increased 1.12% to $21.18. The company has decided to showcase its dual-core, dual graphics Android smartphone at the Mobile World Congress in Barcelona, which goes from February 25 to 28. The chip maker will showcase its smartphones, tablets and ultra-books.
Additionally, the company will begin trading ex-dividend on February 05, 2013. A cash dividend payment of $0.225 per share is scheduled to be paid on March 01, 2013. Shareholders who purchased INTC stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 3rd quarter that INTC has paid the same dividend.
How To Trade INTC Now After The Recent Volatile Moves? Find Out Here
Enterprise Products Partners L.P. (NYSE:EPD) stock fell 1.86% to $54.94 after the company today announced that it has priced a public offering of 8,000,000 common units representing limited partner interests in the partnership at a public offering price of $54.56 per common unit. Enterprise will use the net proceeds from this offering, including any exercise of the over-allotment option by the underwriters, for general partnership purposes, which may include repayment of debt, including the repayment of amounts outstanding under its multi-year revolving credit facility or commercial paper program, working capital, capital expenditures and acquisitions.
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