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:-
3D Systems Corporation (NYSE:DDD) shares plunged 15.87% to $31.90 after the company today announced today non-GAAP earnings of 39 cents per share for the fourth quarter of 2012 and GAAP earnings of 19 cents per share resulting in full year 2012 non-GAAP earnings of $1.25 and GAAP earnings of $0.71. The company reported that its fourth quarter revenue grew 45.4% from the prior year to $101.6 million on a 93% surge in printers' and other products revenue and 18.8% organic growth.
Additionally, the company, on Feb. 22, announced that the conversion rate of the company's 5.50% senior convertible notes due 2016 has been adjusted to reflect the previously announced three-for-two split of the company's common stock in the nature of a 50% stock dividend. The stock split was declared by the Board of Directors of the company on February 5, 2013.
How Should Investors Trade DDD After The Solid Jump? Let’s Find Out Here
Endo Health Solutions Inc (NASDAQ:ENDP) stock increased 7.81% to $30.24. Piper Jaffray lowered shares of ENDP to an underweight rating in a research report released on Feb. 25. Additionally, analysts at RBC Capital downgraded shares of Endo Pharmaceuticals from a sector perform rating to an underperform rating in a research note to investors on Feb. 7. They now have a $24.00 price target on the stock, down previously from $25.00.
Is ENDP Ready To Jump Again After The Solid Momentum? Get Free Trend Analysis Here
Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) shares climbed 2.15% to $8.56. The company announced today that it will host a conference call and webcast to provide a corporate update and discuss fourth quarter and full year 2012 financial results before the NASDAQ Global Select Market opens on Monday, March 4, 2013. The conference call and webcast will begin at 8:30 a.m. Eastern Time (5:30 a.m. Pacific Time).
Additionally, Thestreet reiterated their sell rating on shares of Arena in a research note issued to investors on Jan. 28. Arena’s stock has been reiterated by TheStreet Ratings as a sell with a ratings score of D- . The area that the analysts feel has been the company’s primary weakness has been its meager revenue growth.
Is ARNA Buy After The Recent Price Movement? Find Out Here
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