Austin, TX -- (SBWIRE) -- 04/17/2013 -- Jackpotpennystocks.com, an investor research portal specializing in several sectors including biotech and healthcare and tech stocks on the U.S. market, issues news updates on the following stock:-
Bank of America Corp (NYSE:BAC) slipped 2.28% to $12.0 in the pre-market trading hours. The Company reported first quarter EPS of $0.20, below the analyst estimate of $0.22. Revenue for the quarter was $23.7 billion versus the consensus estimate of $23.5 billion. The deposit balances up 5% from Q1-12 to $1.1 trillion.
Can BAC Continue To Move Higher? Find Out Here
Cirrus Logic, Inc. (NASDAQ:CRUS) went down 8.45% to $19.60 in the pre-market trading hours. The Company announced preliminary net revenue of approximately $206.9 million, based on unaudited financial results for the fourth quarter, which ended March 30, 2013. The Company also announced that it will record a total net inventory reserve of $23.3 million of which approximately $20.7 million is due to a decreased forecast for a high volume product as the customer migrates to one of Cirrus Logic’s newer components.
Can CRUS Recover After The Recent fall? Find Out Here
The Procter & Gamble Company (NYSE:PG) moved down 0.37% to $79.80 in the pre-market trading hours. The Company plans to increase the time it takes to pay its suppliers by as much as 30 days, which could free up to $2 billion in cash. The Company is seeking to pay its bills in 75 days from the average of 45 days it takes currently.
Can PG Continue To Move Higher? Find Out Here
Syngenta AG (ADR) (NYSE:SYT) slipped 1.21% to $82.72 in the pre-market trading hours. Nomura Securities upgraded Syngenta from neutral to buy.
Can SYT Extend Gain? Find Out Here
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