Orlando, FL -- (SBWIRE) -- 09/04/2013 -- 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 Mobile TeleSystems OJSC (ADR) (NYSE:MBT), Aeropostale, Inc.(NYSE:ARO).
Mobile TeleSystems OJSC (ADR) (NYSE:MBT) shares decreased 2.74% to $20.58. The company on August 20 announces its unaudited US GAAP financial results for the three months ended June 30, 2013.
Operating income before depreciation and amortization rose 10% to 44.4 billion rubles ($1.3 billion). Analysts projected 42.4 billion rubles, the average of estimates. Sales climbed 5 percent to 97.5 billion rubles.
The company said second-quarter net income was 29 billion roubles ($881 million) versus a 23 billion rouble loss a year ago when its earnings were hurt by the suspension of its licence in another central Asian state, Uzbekistan. Analysts had forecast net profit of 23.7 billion roubles including the Bitel gain, and about 14.8 billion after stripping it out. Excluding the Bitel gain, net profit was 13 billion roubles, MTS said.
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Aeropostale, Inc.(NYSE:ARO) shares fell 3.32% to $7.86. The company on August 22 forecast a third quarter loss. The company said it now plans to close 30 to 40 stores this year, comp rated to an earlier plan to close 15 to 20. Aeropostale is projecting a net loss of 21 cents to 26 cents per share for the third quarter.
The company reported a net loss of $33.7 million, or 43 cents per share, in the quarter ended August 3, compared with a profit of $71,000 million, or nil per share, a year ago. Its adjusted loss per share was 34 cents, deeper than the 24 cents expected by analysts.
Additionally, the company last month announced plans to launch the Aeropostale brand in Mexico through a licensing agreement with Distribuidora Liverpool, S.A. de C.V. ("Liverpool"). Aeropostale's expansion plans in Mexico include the opening of branded shop-in-shops in Liverpool department stores across Mexico beginning in Summer 2013, in addition to rolling out standalone stores.
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