Stocks Alert: Gerdau, Applied Materials, URS Corp, Altera Corporation

Lakeway, TX -- (SBWIRE) -- 02/27/2013 -- 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:-

Gerdau SA (ADR) (NYSE:GGB) shares jumped 3.05% and closed at $8.44 in the last trading session. The company announced that on February 21, 2012 its Board of Directors approved the payment of dividend for the fourth quarter of the 2012 fiscal year. The payment will be done as from March 14, 2013 to shareholders on record as from March 4, 2013 at the value of BRL 0.02 per ordinary or preferred shares for shareholders of Metalurgica Gerdau SA and BRL 0.02 per ordinary or preferred share for shareholders of Gerdau SA. Shares will be traded ex-dividends as from March 5, 2013.

How Should Investors Trade GGB After The Recent Movement? Find Out Here

Applied Materials, Inc. (NASDAQ:AMAT) stock jumped 3.02% to $13.63. The company today named Bob Halliday as chief financial officer to replace George Davis, who is leaving to take the same position at Qualcomm Inc. (QCOM). Halliday, 58, had been chief financial officer of Varian Semiconductor Equipment Associates Inc. until Applied Materials bought it in November 2011.

Additionally, the company, on Feb. 14, said that some customers are expanding output on brisk demand for mobile devices. Sales in the current period will rise 15% to 25% from the prior quarter, indicating revenue of $1.81 billion to $1.97 billion. Analysts on average estimated sales of $1.81 billion.

Is AMAT Strong Buy After The Recent Strong Gains? Get Free Trend Analysis Here

URS Corp (NYSE:URS) shares climbed 2.95% and closed at $41.55. The company, on Feb. 14, lowered its fiscal 2012 earnings outlook. The company said it now expects fiscal 2012 earnings to be in the range of $4.12 to $4.17 per share, compared to its prior outlook of $4.20 to $4.30 per share. URS continues to expect fiscal 2012 revenues to be about $11.0 billion. Analysts currently expect the company to report earnings of $4.28 per share on revenue of $10.97 billion for the full year 2012.

Is URS a Buying Opportunity After The Recent Plunge? Don’t Miss Out Our Latest Report Here

Altera Corporation (NASDAQ:ALTR) shares increased 2.94% and closed at $36.04 in yesterday’s session. The company yesterday said it plans to use Intel Corp. (INTC) as a manufacturer for future versions of its chips, in a challenge to Taiwan Semiconductor Manufacturing Co. (2330. Intel will build so-called field programmable gate arrays, or FPGAs, for San Jose, California-based Altera when the two chipmakers move to 14-nanometer production technology.

How Should Investors Trade ALTR After The Latest Earnings Report? Find Out Here

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