Kolkata, West Bengal -- (SBWIRE) -- 09/06/2013 -- Specialpennystockalert.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on Infoblox Inc (NYSE:BLOX), Eagle Bulk Shipping Inc.(NASDAQ:EGLE), MannKind Corporation(NASDAQ:MNKD), Intel Corporation (NASDAQ:INTC).
Infoblox Inc (NYSE:BLOX) shares gained 10.78% to $39.04. The company on Sept. 5 reported it swung to a stronger-than-expected fiscal fourth-quarter profit as revenue and margins climbed.
For the quarter ended July 31, Infoblox reported a profit of $1.5 million, or three cents a share, compared with a prior-year loss of $4.3 million, or 10 cents a share. Adjusted profit grew to 14 cents from a penny a share. Total revenue jumped 40% to $63.1 million, as products and licenses sales grew 52% and the top line for services increased 26%. In May, Infoblox had projected an adjusted profit between eight cents to nine cents a share on $58 million to $59 million in revenue.
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Eagle Bulk Shipping Inc.(NASDAQ:EGLE) shares gained 8.05% to $5.11. EGLE’s CEO Sophocles Zoullas unloaded 127,229 shares of Eagle Bulk Shipping stock on the open market in a transaction dated August 19. The shares were sold at an average price of $3.44, for a total value of $437,667.76. Following the sale, the chief executive officer now directly owns 513,382 shares of the company’s stock.
Additionally, the company on August 7 announced its results for the second quarter ended June 30, 2013. For the second quarter of 2013, the Company reported net loss of $3,039,067 or $0.18 per share, based on a weighted average of 16,968,750 diluted shares outstanding. In the comparable second quarter of 2012, the Company reported net loss of $23,106,239 or $1.46 per share, based on a weighted average of 15,880,392 diluted shares outstanding.
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MannKind Corporation(NASDAQ:MNKD) shares declined 5.87% to $5.93. The company on August 14 reported positive preliminary results from Study 171, a Phase 3 clinical study of AFREZZA Inhalation Powder, an investigational, ultra rapid-acting mealtime insulin therapy, administered using MannKind's next-generation (Gen2) inhaler (also known as the Dreamboat™ inhaler), in patients with type 1 diabetes.
Additionally, the company on August 9 reported financial results for the second quarter ended June 30, 2013. The net loss for the second quarter of 2013 was $46.1 million, or $0.16 per share, as compared with a net loss of $36.6 million, or $0.23 per share based on 159.9 million.
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Intel Corporation (NASDAQ:INTC) shares fell 0.15% to $22.60. The company is expected to announce a new lineup of Haswell processors in September, reports DigiTimes. According to sources from the upstream supply chain, Intel will also release four Ivy Bridge-based processors including the Core i5-3340.
Additionally, the company would launch new tablet processors during the second half of the year 2014 in order to enable the company to maintain its present dominance in the market for tablets. It is expected that the 14nm Cherry Trail Tablet platform of the company would be launched in the third quarter of the fiscal year 2014, though it had been reported that the partners of Intel would be receiving the samples of the product by the end of this year 2013.
Moreover, Two analysts on August 19 predicted INTC will snap out of its recent sales slump next year as more businesses buy desktop and laptop machines powered by Intel's processors. Piper Jaffray analysts Auguste Gus Richard and Jennifer Baxter upgraded Intel's stock on the expectation that Intel's revenue will rise by 5 percent next year. Although that would be a modest gain, it would reverse two consecutive years of declining revenue, assuming analysts' forecasts for the rest of 2013 pan out.
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