Orlando, FL -- (SBWIRE) -- 08/30/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Cereplast Inc(PINK:CERP), Methode Electronics Inc. (NYSE:MEI).
Cereplast Inc(PINK:CERP) shares closed at $0.0167. The company on August 14 announced $1.7 million in net revenues during the first half of 2013 compared to $305,000 for the same period the prior year and $911,000 for all of 2012. Net sales for the six months ended June 30, 2013 were approximately $1.7 million, compared to $0.3 million in the same period in 2012. Net loss for the six months ended June 30, 2013 was $26.8 million, as compared to $6.3 million in the same period in 2012.
Additionally, the company on July 30 provided a shareholder update including an overview of the first half of 2013 and an outlook for the remainder of the year. The Company has made great strides over the past seven months and anticipates continued growth and success during the rest of 2013. Compared to 2012, revenue for the first 6 months of 2013 experienced major growth, with the expected number to top approximately $1.7MM compared to about $0.2MM in 2012, reflecting a nearly 800% increase.
Are investors worried about the recent updates with CERP? Find out with a free trend analysis HERE
Methode Electronics Inc. (NYSE:MEI) shares climbed 32.50% to $23.36. The company on August 29 announced financial results for the Fiscal 2014 first quarter ended July 27, 2013. Methode's first-quarter Fiscal 2014 net sales grew $48.6 million, or 40.9 percent, to $167.3 million from $118.7 million in the same quarter of Fiscal 2013. Net income increased $9.9 million to $13.8 million, or $0.36 per share, in the first quarter of Fiscal 2014 from $3.9 million, or $0.10 per share, in the same period of Fiscal 2013.
Looking forward, the company raised its full-year Fiscal 2014 earnings guidance to a range of $1.40 to $1.60 per share from the prior estimate of $0.91 to $1.11 per share. The company also raised its full-year Fiscal 2014 sales guidance to a range of $670 million to $700 million from the previous sales guidance of $630 million to $660 million. Analysts expect the company to report earnings of $1.05 per share and revenues of $653.28 million for fiscal 2014.
Is MEI going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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