Lakeway, TX -- (SBWIRE) -- 02/19/2013 -- 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:-
India Globalization Capital, Inc. (NYSEAMEX:IGC) shares declined 6.67% to $0.277 in the morning hour. The company, on Feb. 13, announced financial results for the Third Quarter Ended December 31, 2012. Total revenue for IGC was $3,933,906 for the three months ended December 31, 2012, compared to $986,799 for the corresponding three months ended December 31, 2011. In the three months ended December 31, 2012, the Company reported a GAAP net income of $310,892 and a GAAP EPS of $0.01 compared to a consolidated net loss of ($1,901,375) and a GAAP EPS loss of ($0.09) for the corresponding three months ended December 31, 2011.
Is IGC after A Solid Pop Up? Find Out Here
AU Optronics Corp. (ADR) (NYSE:AUO) stock gained 11.31% to $4.33. The company has recently announced it plans to issue new American depositary receipts (ADRs), including 640-800 million new shares, to expand its current ADR program as well as finance its panel production material purchases. AUO president Paul Peng recently stated that 2013 would bring a turnaround for the company and that AUO expects to see increased shipments throughout the year starting in March.
Will AUO Continue To Trend Higher After The Recent Gain? Find Out Here
Power One Inc (NASDAQ:PWER) stock jumped 9.95% to $4.53. PWER’s stock was upgraded by analysts at Raymond James from an “outperform” rating to a “strong-buy” rating in a research report issued to clients and investors today. The firm currently has a $6.00 price target on the stock.
Additionally, the company announced that for first quarter of 2013, it expects revenue of $175-$200 million. Analysts are expecting the company to report revenue of $195 million for first quarter of 2013.
Is PWER a Buy Opportunity After The Recent Slump? Find Out Here
Bruker Corporation (NASDAQ:BRKR) shares climbed 9.52% to $18.30 in the early hour after the company reported fourth-quarter net income of $12.8 million or $0.08 per share, from $39.1 million or $0.23 per share in the same quarter last year. Fourth quarter 2012 non-GAAP earnings per share were $0.28, compared to $0.30 in the fourth quarter of 2011. Analysts expected the company to report earnings of $0.24 per share for the quarter. Revenues for the fourth quarter 2012 grew 8.9 percent to $517.3 million from $475.1 million in Q4 2011. Analysts had consensus revenue estimate of $483.65 million for the quarter.
Is BRKR Still a Buy After The Recent momentum? Find Out Here
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