Lakeway, TX -- (SBWIRE) -- 02/08/2013 -- 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:-
EnteroMedics Inc (NASDAQ:ETRM) shares plunged 54.58% to $1.30 after the company yesterday announced results from its randomized ReCharge Pivotal Trial of VBLOC vagal blocking therapy for the treatment of obesity. According to the company, the trial demonstrated a clinically meaningful and statistically significant excess weight loss of 24.4% for VBLOC Therapy-treated patients, with 52.5% of patients achieving at least 20% excess weight loss. The company said the trial met its primary safety endpoint, though it did not meet its predefined primary efficacy measures.
How Should Investors Trade ETRM After The Latest Earnings Report? Find Out Here
AOL, Inc. (NYSE:AOL) stock increased 8.28% to $34.01 in the pre-market hour after the company today said fourth-quarter earnings jumped 57% as the company reported stronger advertising sales, an important part of its turnaround efforts. AOL said its profit came to $35.7 million, or 41 cents a share, compared with year-earlier income of $22.8 million, or 23 cents. Revenue rose 3.9% at $599.5 million. Analysts expected per-share profit of 41 cents and revenue of $574 million.
Is AOL a Buy After The Solid Earnings? Get Free Trend Analysis Here
Just Energy Group, Inc. Ordinary Shares (Canada) (NYSE:JE) shares is trading at $8.30. The company, on Feb. 7, announced that its Board of Directors (the "Board") has adopted a Shareholder Protection Rights Plan (the "Rights Plan"). The purpose of the Rights Plan is to provide shareholders and the Board with adequate time to consider and evaluate any unsolicited takeover bid made for Just Energy's common shares ("Common Shares"), provide the Board with adequate time to identify, develop and negotiate value-enhancing alternatives, and encourage the fair treatment of shareholders in connection with any takeover bid.
How Should Investors Trade JE After The Recent Movement? Find Out Here
Riverbed Technology, Inc. (NASDAQ:RVBD) shares dropped 14.58% to $17.15 after the company yesterday reported fourth-quarter net income of $4.78 million or $0.03 per share, from $20.15 million or $0.12 per share in the same quarter last year. Non-GAAP net income for the quarter was $46.46 million or $0.29 per share, compared to $41.11 million or $0.25 per share in the same quarter last year. Analysts expected the company to report earnings of $0.29 per share for the quarter. Total revenues for the quarter rose to $237.38 million from $202.84 million in the prior year quarter. Analysts had consensus revenue estimate of $234.77million for the quarter.
Get Latest News, Updates and Reports For Free On RVBD Here
Skullcandy Inc (NASDAQ:SKUL) shares declined 6.20% to $6.24 in the morning hour after the company yesterday announced that its Board of Directors has named Rick Alden, the company's founder, former Chief Executive Officer and a current director, as Interim Chief Executive Officer. Jeremy Andrus has decided to step down from his positions as President and Chief Executive Officer and a Company director to join a private investment firm. He will serve as a consultant to the Company over the next 12 months. The Board is initiating a search for a permanent Chief Executive Officer.
How Should Investors Trade SKUL After The Latest Earnings Report? Find Out Here
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