Lakeway, TX -- (SBWIRE) -- 03/01/2013 -- vb-news.net, 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:-
McDermott International (NYSE:MDR) shares fell 13.56% to $10.99 after the company yesterday reported fourth quarter net income of $40.5 million or $0.17 per share, as compared with net loss of about $10 million or $0.04 per share a year ago. The company’s revenues were $996 million for the quarter, an increase of 22% from $816 million last year. Analysts estimated earnings of $0.23 per share on revenues of $981.49 million for the quarter.
How Should Investors Trade MDR After The Solid Jump? Let’s Find Out Here
Lloyds Banking Group PLC (ADR) (NYSE:LYG) shares decreased 3.33% to $3.19. Dow Jones last month reported that Lloyds Banking Group PLC plans to cut around 940 jobs in the U.K., as part of a previously announced plan to shrink its business, and as other banks in the country and across the world pare staff. The Company said the reductions are being made across its divisions, including retail, commercial, insurance, wealth and international and group operations. About 190 information technology jobs that are involved in the cuts will be relocated to India.
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Atmel Corporation (NASDAQ:ATML) shares decreased 3.09% to $6.60. The company, on Feb. 26, announced its recently launched AT86RF233 2.4GHz IEEE 802.15.4 radio transceiver supports distance measurement between two radios, also known as ranging.
Additionally, the company, on Feb. 6, announced that for first quarter of 2013, it expects revenue to be in the range of $311-$328 million. Analysts are expecting the Company to report revenue of $328 million for first quarter of 2013.
Is ATML Buy After The Recent Price Movement? Find Out Here
UBS AG (USA) (NYSE:UBS) shares fell 1.96% to $15.49. The company, on Feb. 25, announced that the firm has completed its agreed acquisition of Link Investimentos, Brazil's largest independent brokerage firm.Link Investimentos has been at the top of the BM&FBovespa ranking of derivatives transactions for the last 11 years, having traded 217 million contracts in 2012, representing a 16% market share. Also in 2012, Link achieved the second position in the BM&FBovespa ranking of shares transactions, with a total volume of BRL 316,893 million, representing an 8.9% market share. UBS Brasil will also incorporate Link's research department, which has consistently figured in the Central Bank's "Top 5" ranking.
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