Orlando, FL -- (SBWIRE) -- 09/05/2013 -- 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 Himax Technologies, Inc. (ADR) (NASDAQ:HIMX), E TRADE Financial Corporation (NASDAQ:ETFC).
Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) shares increased 13.43% to $7.35. The company on August 15 said its second-quarter net income rose 29% as small and medium-sized panel driver sales increased. The company earned $19.4 million, or 11 cents per share, for the period ended June 30. That's up from $15.1 million, or 9 cents per shares, a year ago. Adjusted earnings were 12 cents per share. Analysts, on average, expected earnings of 11 cents per share. Revenue climbed 9 percent to $207 million from $189.5 million.
Looking forward, the company anticipates third-quarter adjusted earnings between about 10 and 12 cents per share. Revenue is expected to fall 5 percent to 12 percent from the second quarter's $207 million. This implies approximately $182 million to $197 million. Analysts predict earnings of 9 cents per share on revenue of $218.8 million.
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E TRADE Financial Corporation (NASDAQ:ETFC) shares gained 8.05% to $15.71. The company on Sept. 4 announced that its subsidiary, E*TRADE Bank, has received regulatory approval to dividend capital to the Company's Parent. The capital distribution will take place during September, in the amount of $100 million. The Company intends to seek approval for similar distributions of $100 million per quarter, over the near term.
The Company will provide updates on usage of capital distributions as appropriate, through its regularly scheduled earnings calls and presentations to the investment community.
Additionally, the company on Sept. 3 said U.S. bank regulators had approved its request to use capital from its bank subsidiary for broader corporate purposes, a sign of progress in its recovery from bad mortgage loans that severely crippled the company. The company said it would deploy $100 million of bank capital to its parent this month and seek approval for similar distributions of $100 million per quarter "over the near term."
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