Lakeway, TX -- (SBWIRE) -- 03/01/2013 -- 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:-
Globus Medical Inc (NYSE:GMED) shares jumped 4.56% and closed at $14.45 in the last trading session. The company, on Feb. 27, reported fourth-quarter net income of $20.8 million or $0.22 per share, compared to $13.6 million or $0.15 per share in the previous year quarter. Operating income for the fourth quarter was $29.1 million, up from $23.7 million in the year-ago period. Sales rose 14.3% to $100.54 million from $87.99 million in the comparable quarter last year. Analysts expected the company to earn $0.19 per share on revenues of $99.13 million for the quarter.
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Ocwen Financial Corporation (NYSE:OCN) shares gained 4.31% to $39.42 after the company yesterday reported fourth quarter net income of $65.2 million, or $0.47 per share, as compared to net income of $9.7 million, or $0.08 per share, in the same quarter last year. The Company produced record revenue of $236.4 million, up 51% from the fourth quarter of 2011. Income from operations grew in excess of 100% to $137.3 million for the fourth quarter of 2012 as compared to $66.1 million in the same period of 2011.
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Gevo, Inc. (NASDAQ:GEVO) shares jumped 4.21% to $1.98. The company announced that the company will host a conference call on Tuesday, March 5, 2013 at 4:30 p.m. EST (2:30 p.m. MST) to report its financial results for the fourth quarter ended Dec. 31, 2012 and provide an update on recent corporate highlights.
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Gulfport Energy Corporation (NASDAQ:GPOR) shares climbed 4.12% and closed at $40.95. The company, on Feb. 26, reported fourth-quarter net income of $16 million or $0.28 per share, compared with $31 million or $0.59 per share last year. Revenues for the quarter were $56.5 million, compared with $67.5 million a year ago. Analysts estimated earnings of $0.18 per share on revenues of $57.08 million for the quarter. Net production for the quarter was 608.5 MBOE, down from 661.7 MBOE in the prior year.
How Should Investors Trade GPOR After The Latest Earnings Report? Find Out Here
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