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Los Angelas, CA -- (SBWIRE) -- 01/07/2013 -- Dot Hill Systems Corp. (NASDAQ:HILL) updated its guidance for the fourth quarter of 2012. Management now expects net revenue to be in the range of $46.0 million to $46.5 million and non-GAAP EPS to be between $0.03 to $0.05, below the prior revenue guidance of $48 million to $53 million and the non-GAAP EPS range of $0.03 to $0.02, provided on November 8, 2012. The Street sees Q4 revs of $50 million and a loss of 3 cents per share.
Can BAC Extend Fall? If Yes, How Far It Can Go? Find Out Here
Tesoro Corporation (NYSE:TSO) shares declined 2.72% and closed at $42.54. The company, on Dec. 27, announced the appointment of Mary Pat McCarthy to the Company’s Board of Directors, increasing the Board from nine to ten members, effective December 20, 2012. Ms. McCarthy in 2011 retired from her position as Vice Chair of KPMG LLP, the U.S. member firm of the global audit, tax and advisory services firm.
Can TSO Recover After The Recent fall? Find Out Here
QEP Resources Inc (NYSE:QEP) stock fell 3.19% to $30.37. The company continues to evaluate strategic alternatives to enhance shareholder value with respect to certain of its midstream assets, QEP’s board of directors has authorized the formation of a master limited partnership (MLP) and the preparation and filing of a registration statement with the U.S. Securities and Exchange Commission (SEC) for an initial public offering (IPO) of common units of the MLP. The Company expects to file a registration statement with the SEC in the second quarter of 2013.
Can QEP Jump Again? Find Out Here
Cree, Inc. (NASDAQ:CREE) develops and manufactures semiconductor materials and devices primarily based on silicon carbide (SiC), gallium nitride (GaN) and related compounds. Cree Inc. to hold from buy and lowered its price target to $32 a share from $38 a share, saying it believes the company is entering a "period of investment" will be beneficial in the long term but may prove frustrating for investors in the coming months.
Can CREE Bounce Back? Find Out Here
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