Boston, MA -- (SBWIRE) -- 08/16/2013 -- At winstonsmallcap.com we focus on undervalued companies trading under $5. Right now the markets are surging and we are seeing an opportunity in micro-cap companies like we have never seen before. Let have a Look on: (First Solar, Inc.(NASDAQ:FSLR), LSI Corp (NASDAQ:LSI), Apollo Global Management LLC(NYSE:APO), Windstream Corporation (NASDAQ:WIN)
First Solar, Inc.(NASDAQ:FSLR) shares declined 3.12% to $37.63. The company on August 6 reported a smaller-than-expected quarterly profit, hurt by lower revenue from its systems business, and the company cut its 2013 forecast. Net income fell to $33.6 million, or 37 cents per share, in the second quarter, from $111 million, or $1.27 per share, a year earlier. Revenue fell 46 percent to $519.8 million.
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LSI Corp (NASDAQ:LSI) shares fell 2.47% to $7.50. The company on July 24 declared a quarterly cash dividend of $0.03 per common share. The dividend is payable on September 20, 2013, to stockholders of record on September 6, 2013.
Additionally, the company on July 24 reported results for its second quarter ended June 30, 2013. Second quarter 2013 revenues were $590 million, in line with guidance, compared to $660 million in the second quarter of 2012, and compared to $569 million in the first quarter of 2013. Second quarter 2013 GAAP net income was $25 million or $0.04 per diluted share, compared to second quarter 2012 GAAP net income of $59 million or $0.10 per diluted share.
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Apollo Global Management LLC(NYSE:APO) shares declined 1.98% to $28.71 in the previous trading session. The company on August 8 reported results for the second quarter ended June 30, 2013. Apollo reported economic net income (ENI) after taxes of $197.8 million for the second quarter ended June 30, 2013, compared to $18.7 million for the same period in 2012. The $179.1 million increase in ENI was driven by favorable performance in Apollo's Management and Incentive Businesses, which reported ENI of $89.1 million and $152.2 million for the second quarter ended June 30, 2013, respectively, compared to $70.4 million and $(28.4) million, respectively, for the same period in 2012.
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Windstream Corporation (NASDAQ:WIN) shares declined 0.61% to $8.18. The company on August 8 reported continued growth in strategic revenue in its second-quarter results. In the second quarter under Generally Accepted Accounting Principles (GAAP), Windstream reported total revenues and sales of $1.51 billion, operating income of $228 million and net income of $40 million, or 6 cents per share. That compares to total revenues and sales of $1.53 billion, operating income of $233 million and net income of $51 million, or 9 cents per share, during the same period in 2012.
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Here at Winston we focus on undervalued companies trading under $5. Right now the markets are surging and we are seeing an opportunity in micro-cap companies like we have never seen before. We focus on companies that we feel are trading at a discount to the market for various reasons. Enter your email and track our performance! We are sure you won’t be disappointed.
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