Lakeway, TX -- (SBWIRE) -- 03/04/2013 -- Bestdamnpennystocks, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-
Autodesk, Inc. (NASDAQ:ADSK) stock gained 1.74% to $37.36. The company, on Feb. 25, reported fourth quarter profit of $74.5 million, or 32 cents a share, up from $72 million, or 31 cents a share, a year earlier. Adjusted earnings were up at 53 cents a share from 46 cents a share. Revenue increased 2% to $607 million. The company in November projected earnings of 43 cents to 51 cents a share on revenue of $570 million to $600 million.
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Marvell Technology Group Ltd. (NASDAQ:MRVL) stock increased 1.73% to $10.27. The company, on Feb. 21, reported a fiscal fourth-quarter profit of $50 million, or 9 cents a share, on $775 million in revenue. During the same period a year ago, Marvell earned $81 million, or 13 cents a share, on revenue of $743 million. Adjusted earnings were $104 million, or 19 cents a share. Analysts had forecast Marvell to earn 13 cents a share on sales of $721 million.
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Westar Energy Inc (NYSE:WR) shares jumped 1.68% and closed at $31.54 in the last trading session. The company, on Feb. 28, announced earnings of $274 million, or $2.15 per share, for 2012 compared with earnings of $229 million, or $1.95 per share, for 2011. Earnings were $46 million, or $0.36 per share, for the fourth quarter 2012 compared with earnings of $19 million, or $0.16 per share, for the fourth quarter 2011.
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Mylan Inc. (NASDAQ:MYL) shares gained 1.65% to $30.10 after the company, on Feb. 27, reported fourth-quarter net earnings of $162.0 million or $0.39 per share from $129.5 million or $0.30 per share last year. Adjusted earnings rose to $266.9 million or $0.65 per share. Analyst estimated earnings to be $0.64 per share. Mylan's total revenues for the quarter grew 12.5 percent to $1.72 billion from $1.53 billion last year. Analysts estimated revenues of $1.73 billion for the quarter.
Additionally, the company also announced that it has signed a definitive agreement to acquire Agila Specialties Private Limited, a developer, manufacturer and marketer of high-quality generic injectable products, from Strides Arcolab Limited (BSE: 532531, NSE: STAR) for $1.6 billion in cash.
How Should Investors Trade MYL After The Latest Earnings Report? Find Out Here
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