Orlando, FL -- (SBWIRE) -- 11/01/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On GrafTech International Ltd (NYSE:GTI), Molycorp Inc. (NYSE:MCP), Key Energy Services, Inc. (NYSE:KEG).
GrafTech International Ltd (NYSE:GTI) shares climbed 11.11% to $8.90. The company on Oct. 31 reported financial results for the third quarter ended Sep. 30 and announced initiatives to improve operating efficiencies and global competitiveness. Third quarter Net sales were $303 million, a decrease of 5%, compared to $321 million in the year ago period. The company posted Net loss of $8 million or $(0.06) per diluted share versus net income of $30 million or $0.22 per diluted share in the same period last year. Adjusted net income was $6 million or $0.04 per diluted share in the current quarter.
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Molycorp Inc. (NYSE:MCP) shares gained 0.60% to $5.07. The company on Oct. 21 announced the closing of its previously announced registered public offering of 51,750,000 shares of its common stock, which included the issuance of 6.75 million Shares as a result of the underwriters` exercise in full of their option to purchase additional Shares in the Offering, at a price per share of $5.00. The Offering resulted in net proceeds to the Company of approximately $247.5 million.
Additionally, the company announced that it will release financial results for the third quarter ended September 30, 2013, after the market closes on Thursday, November 7, 2013.
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Key Energy Services, Inc. (NYSE:KEG) shares gained 3.85% to $7.82. The company on Oct. 30 reported third quarter 2013 consolidated revenues of $389.7 million and a pre-tax loss from continuing operations of $2.0 million. The Company incurred a $0.03 per share loss for the third quarter. Second quarter 2013 consolidated revenues were $411.4 million with normalized pre-tax income from continuing operations of $2.2 million, or $0.01 per share, which excludes $8.3 million of severance and restructuring costs. On a GAAP basis, second quarter 2013 net loss from continuing operations attributable to Key was $4.1 million, or $0.03 per share.
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