Lakeway, TX -- (SBWIRE) -- 03/05/2013 -- 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:-
Acacia Research Corporation (NASDAQ:ACTG) stock decreased 4.08% to $26.58. The company, on Feb. 21, reported results for the three months and year ended December 31, 2012. Revenues in the fourth quarter of 2012 were a record $66,264,000, as compared to $20,795,000 in the comparable prior year quarter. GAAP net income in the fourth quarter of 2012 was $9,823,000, or $0.20 per diluted share, as compared to a GAAP net loss of $4,189,000, or $0.10 per diluted share for the comparable prior year quarter.
How Should Investors Trade ACTG After The Recent Movement? Find Out Here
Velti Plc (NASDAQ:VELT) shares dropped 6.60% and closed at $3.68 in the last trading session. The company will announce its financial results for the fourth quarter and fiscal year ended Dec. 31, 2012 on Tuesday, March 12, 2013 after the market close. The company will host a conference call at 1:30 PM PT that same day to discuss these results.
Additionally, VELT’s stock was downgraded by equities researchers at Craig Hallum from a “buy” rating to a “hold” rating in a report issued on Jan. 31. They currently have a $4.00 target price on the stock, down from their previous target price of $12.00.
Is VELT Strong Buy After The Recent Strong Gains? Get Free Trend Analysis Here
IAMGOLD Corporation (USA) (NYSE:IAG) shares decreased 6.11% to $6.15. The company, on Mar. 4, announced that to reinforce an already strong financial position and improve its return on capital, the Company has initiated a program to reduce annualized spending by $100 million. This will be achieved through cost-cutting initiatives aimed at reducing mine operating costs, exploration expenditures and mine site and corporate general and administrative costs. The Company ended 2012 with over $1 billion in cash and gold bullion.
Is IAG a Buying Opportunity After The Recent Plunge? Don’t Miss Out Our Latest Report Here
Youku Tudou Inc (ADR) (NYSE:YOKU) stock decreased 5.14% to $19.02 after the company, on Feb. 28, posted fourth quarter net loss of RMB 113.57 million or $18.2 million, narrower than pro forma combined net loss of RMB 198.47 million or $31.9 million in the year-ago period. Loss per ADS narrowed to RMB 0.69 or $0.11 from RMB 1.23 per ADS in the prior-year period. Adjusted net loss for the quarter was RMB 62.25 million or $10 million, compared to pro forma combined adjusted net loss of RMB 174.64 million or $28 million in the prior-year quarter. Net revenue for the fourth quarter grew 30 percent to RMB 635.83 million or $102.06 million from pro forma combined net revenues of RMB 489.35 million a year ago.
How Should Investors Trade YOKU After The Latest Earnings Report? Find Out Here
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