Orlando, FL -- (SBWIRE) -- 08/30/2013 -- 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 CVD Equipment Corporation (NASDAQ:CVV), ABB Ltd (ADR)(NYSE:ABB).
CVD Equipment Corporation (NASDAQ:CVV) shares fell 14.81% to $12.48. The company on August 14 announced its financial results for the three and six months ended June 30, 2013.
On revenue of approximately $4,848,000 for the three months ended June 30, 2013 which surpassed by 40.5% the revenue achieved in the previous quarter, the Company recorded pre-tax income of $1,005,000 and net income of approximately $874,000 or $0.14 per share both basic and diluted compared to a pre-tax loss of ($903,000) and a net loss of ($440,000) or a ($0.07) loss per basic and diluted share for the quarter ended March 31, 2013.
For the six months ended June 30, 2013 the Company achieved revenue of $8,298,000 with net income of approximately $434,000 or $.07 per share basic and diluted. In April, the Company sold its former headquarters which resulted in a gain of approximately $887,000.
Additionally, CVD Equipment Corporation and Graphene Batteries AS announced on August 8 the signing of a Joint Intellectual Property Development Agreement for the development of NanotoMacro? binder-less lithium battery electrodes and related novel battery designs. The companies believe that this collaborative relationship will help expedite the commercialization of enhanced lithium battery technology.
Are investors worried about the recent updates with CVV? Find out with a free trend analysis HERE
ABB Ltd (ADR)(NYSE:ABB) shares decreased 1.32% and closed at $21.61. ABB’s stock was downgraded by equities research analysts at HSBC from a “neutral” rating to an “underweight” rating in a research note issued to investors on August 29.
Additionally, the company posted its quarterly earnings results on July 25. The company reported $0.33 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.35 by $0.02. The company had revenue of $10.23 billion for the quarter, compared to the consensus estimate of $10.21 billion. During the same quarter last year, the company posted $0.29 earnings per share. ABB’s revenue was up 5.8% compared to the same quarter last year. On average, analysts predict that ABB will post $1.44 earnings per share for the current fiscal year.
Is ABB going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
Join Our Mobile SMS Alerts By Texting Stocks To 555888
HotStockProfits.com continuously monitors and scans the markets for day trading and swing trading signals on NASDAQ, NYSE, AMEX, OTCBB and Pink Sheet companies for its free e-newsletter subscribers.
HotStockProfits.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Please visit HotStockProfits.com website, for complete risks and disclosures.
Copyright © 2005-2013 - SBWire, The Small Business Newswire - All Rights Reserved - Important Disclaimer
Contact Us: 888-4-SBWIRE (US) - 920-593-5640 (International)