Lakeway, TX -- (SBWIRE) -- 02/25/2013 -- 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:-
Superconductor Technologies, Inc. (NASDAQ:SCON) shares fell 9.41% to $0.231. The company, last week, said it has successfully completed the installation of its equipment suite required for production of Conductus 2G HTS wire at its Advanced Manufacturing Center of Excellence facility in Austin during the fourth quarter of 2012 as planned. At this time all 2G HTS wire pilot production equipment is operational and in various stages of process implementation.
Additionally, the company intends to release its fourth quarter and year-end 2012 financial results before the market opens on Thursday, March 7, 2013. STI will host a conference call and simultaneous webcast that same day at 11:00 a.m. Eastern Time / 8:00 a.m. Pacific Time to discuss its results.
Is SCON after A Solid Pop Up? Find Out Here
Endeavour International Corporation (NYSE:END) shares dropped 10.23% to $2.72. Imperial Capital downgraded Endeavour from Outperform to In-line and lowered the price target from $11.00 to $8.50 on Feb. 19.
Additionally, the company, on Feb. 14, said it would explore a sale of the company as it was disappointed by the "dislocation" between its share price and the underlying value of its assets. The company began drilling the first of two planned wells in the Rochelle area in the third quarter of last year. Endeavour estimated it would take about 120 days to drill the other well.
Will END Continue To Trend Higher After The Recent Gain? Find Out Here
World Fuel Services Corporation (NYSE:INT) shares dropped 10.16% and closed at $39.51 in the last trading session. The company, on Feb. 21, reported fourth-quarter net income of $42.8 million or $0.60 per share, compared to $50.1 million or $0.70 per share in the comparable quarter last year. Non-GAAP net income declined to $52.3 million or $0.73 per share, from $57.4 million or $0.81 in the year ago quarter. Analysts expected the company to report earnings of $0.69 per share for the quarter. Revenue for the quarter rose to $9.94 billion from $9.32 billion in the prior year quarter, while analysts had consensus revenue estimate of $10.22 billion for the quarter.
Is INT a Buy Opportunity After The Recent Slump? Find Out Here
Trulia Inc (NYSE:TRLA) shares declined 9.36% to $25.56. TRLA’s stock was downgraded by analysts at Deutsche Bank from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Feb. 19. They currently have a $34.00 price target on the stock, up from their previous price target of $30.00.
Additionally, the company issued its quarterly earnings data on Feb. 12. The company reported ($0.03) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.02) by $0.01. The company had revenue of $20.60 million for the quarter, compared to the consensus estimate of $18.99 million.
Is TRLA Still a Buy After The Recent momentum? Find Out Here
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