Orlando, FL -- (SBWIRE) -- 09/03/2013 -- 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 E Commerce China Dangdang Inc (ADR) (NYSE:DANG), SolarCity Corp (NASDAQ:SCTY).
E Commerce China Dangdang Inc (ADR) (NYSE:DANG) shares decreased 10.02% to $7.81. The company on August 15 announced its unaudited financial results for the second quarter ended June 30, 2013. The company’s total net revenues in the second quarter of 2013 were RMB1,493.5 million ($243.3 million), a 24% increase from the corresponding period in 2012. Net loss was RMB63.9 million ($10.4 million), as compared with losses of RMB122.2 million and RMB 72.7 million in the second quarter of 2012 and first quarter of 2013, respectively, primarily due to the Company's efforts to increase gross profit and operating leverage.
Additionally, the company announced that its Executive Chairwoman, Ms. Peggy Yu Yu, and Chief Financial Officer, Mr. Jun Zou will participate in the Deutsche Bank Technology Conference held at the Cosmopolitan Hotel in Las Vegas, NV, from September 10 to September 12, 2013. The presentation will take place at 8:50 a.m. PDT on September 11 at Room Gracia 6. The management team will participate in one-on-one meetings with investors at the conference.
Are investors worried about the recent updates with DANG? Find out with a free trend analysis HERE
SolarCity Corp (NASDAQ:SCTY) shares dropped 5.17% to $31.34. The company on August 29 said it is seeking to raise as much as $223.5 million by offering shares and selling convertible notes. The company plans to offer 2.8 million shares at $33.69 each, and underwriters Goldman Sachs Group Inc., Credit Suisse Group AG (CSGN) and Bank of America Corp. (BAC) have an option to purchase an additional 420,000 shares within 30 days, the San Mateo, California-based company said in a filing with the U.S. Securities and Exchange Commission.
Additionally, the company on August 8 reported a narrower second-quarter loss as demand for rooftop power systems surged 71 percent. Revenue slipped to $37.9 million from $46.6 million a year earlier as the company focused on solar leases and shifted away from selling rooftop systems to customers who paid upfront for the projects. The net loss shrank to $23.9 million, or 31 cents a share, from $25.8 million, or $2.37, a year earlier, the company said in a statement. Excluding one-time items, the loss was 4 cents more than the 39-cent average of five analysts’ estimates.
Is SCTY going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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