Orlando, FL -- (SBWIRE) -- 11/01/2013 -- 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 NQ Mobile Inc (ADR) (NYSE:NQ), NII Holdings Inc (NASDAQ:NIHD), United Online, Inc. (NASDAQ:UNTD).
NQ Mobile Inc (ADR) (NYSE:NQ) shares climbed 17.55% to $14.40. The company on Oct. 25 responded to the allegations raised in a research report by Muddy Waters dated October 24, 2013. The company believes that the allegations and accusations set forth in the Muddy Waters report (the "Report") are false and inaccurate and contain numerous errors of facts, misleading speculations and malicious interpretations of events. Further, the allegations fail to take into account various factors necessary to understand the matters addressed.
Additionally, the company will report its 3Q2013 results after the U.S. markets close on Nov. 12.
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NII Holdings Inc (NASDAQ:NIHD) shares decreased 28.54% to $3.43. The company on Oct. 31 announced its consolidated financial results for the third quarter of 2013. Financial results for the quarter included consolidated operating revenue of $1.10 billion, down 22 percent from the level reported in the third quarter of 2012, and consolidated adjusted OIBDA, which excludes the impact of non-cash asset impairment, restructuring and other non-recurring or unusual charges, of $52 million, a 78 percent decline compared to the same period last year. For the third quarter of 2013, the Company generated a consolidated operating loss of $163 million and a consolidated net loss of $300 million, or $1.74 per basic share. Capital expenditures were $231 million for the quarter, of which $144 million was paid in cash.
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United Online, Inc. (NASDAQ:UNTD) shares gained 1.11% and closed at $8.65. UNTD on Oct. 30 reported financial results for its third quarter ended September 30, 2013. The company said third quarter Revenues were $174.7 million, a 2% decrease compared to the year-ago quarter. GAAP operating loss was $42.1 million, which included an estimated $50.2 million goodwill impairment charge due to a material decline in the fair value of the Classmates reporting unit. This was compared to GAAP operating income of $8.4 million in the year-ago quarter. GAAP diluted net loss per common share was $0.51, which was negatively impacted by an estimated $50.2 million goodwill impairment charge. This was compared to GAAP diluted net income per share of $0.06 in the year-ago quarter.
Is UNTD going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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