Dallas, TX -- (SBWIRE) -- 03/15/2013 -- Marketbuzzreport.com, 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:-
Sequans Communications S.A. (NYSE:SQNS) announced last month that it has successfully completed interoperability testing of Alcatel-Lucent's LTE infrastructure equipment with Sequans' eMBMS-capable LTE chipsets.
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The Men's Wearhouse, Inc. (NYSE:MW) shares climbed 19.09% to $34.62 after the company’s fiscal fourth-quarter loss yesterday narrowed as revenue at the apparel retailer improved.
For the quarter ended Feb. 2, the company reported a loss of $3.4 million, compared with a year-earlier loss of $3.8 million. On a per-share basis, the loss was unchanged at seven centsAdjusted loss was five cents a share. Revenue rose 8.2% to $608.4 million. Men's Wearhouse in December forecast bottom-line per-share results to range from a loss of five cents to a profit of a penny and sales growth of 9.5% to 10.5%.
Get Latest News, Updates on MW Here
Furniture Brands International, Inc.(NYSE:FBN) shares climbed 12.12% to $1.11. The company’s Chairman and CEO Ralph Scozzafava on Mar. 12 received total compensation of $1.98 million last year, up 9 percent from $1.8 million in 2011. His 2012 compensation was comprised of a $750,000 salary; $591,000 in stock awards; $541,944 in non-equity incentive plan compensation; and $97,573 in all other compensation, according to a filing with the Securities and Exchange Commission.
The 52 trading range of the company is $ 0.88 - $1.97. The Company markets products through a range of channels, including its own Thomasville retail stores and through interior designers, multi-line/independent retailers and mass merchant stores. The Company serves its customers through brands in the furniture industry, including Thomasville, Broyhill, Lane, Drexel Heritage, Henredon, Pearson, Hickory Chair, Lane Venture, Maitland-Smith and La Barge.
Is FBN a Strong Buying Opportunity After The Recent Slump? Find out Here
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