Lakeway, TX -- (SBWIRE) -- 02/28/2013 -- Bestdamnpennystocks, 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:-
3D Systems Corporation (NYSE:DDD) shares increased 3.56% to $36.37. The company, on Feb. 25, announced non-GAAP earnings of 39 cents per share for the fourth quarter of 2012 and GAAP earnings of 19 cents per share resulting in full year 2012 non-GAAP earnings of $1.25 and GAAP earnings of $0.71. The company reported that its fourth quarter revenue grew 45.4% from the prior year to $101.6 million on a 93% surge in printers' and other products revenue and 18.8% organic growth.
Additionally, the company, on Feb. 22, announced that the conversion rate of the company's 5.50% senior convertible notes due 2016 has been adjusted to reflect the previously announced three-for-two split of the company's common stock in the nature of a 50% stock dividend. The stock split was declared by the Board of Directors of the company on February 5, 2013.
How Should Investors Trade DDD After The Recent Movement? Find Out Here
JPMorgan Chase & Co. (NYSE:JPM) shares gained 3.53% to $49.28. Analysts at Bank of America Merrill Lynch boosted the price target and earnings estimates on JP Morgan Chase & Co. (JPM) as the financial services giant should see improved net interest income. The analysts maintain a “Buy” rating on JPM and now see shares reaching $55.
Additionally, the company recently said it plans to cut 3,000 to 4,000 jobs in its consumer bank in 2013, representing about 1.5 percent of the company's overall workforce, as the bank tries to improve the profitability of its branches. The cuts will come mainly through attrition, spokeswoman Kristin Lemkau said. The bank's branches have 63,500 employees, representing about a quarter of JPMorgan Chase's total employees.
Is JPM Strong Buy After The Recent Strong Gains? Get Free Trend Analysis Here
Tripadvisor Inc (NASDAQ:TRIP) shares gained 3.52% to $45.27. The company, on Feb. 13, said its net income for the fourth quarter increased to $33.58 million or $0.23 per share from $22.02 million or $0.16 per share in the year-ago period. Adjusted net income was $41.31 million or $0.29 per share. Analysts expected the company to report earnings of $0.27 per share. Total revenues for the quarter grew 23 percent to $169.39 million from $137.80 million in the year-ago quarter. Analysts had a consensus revenue estimate of $167.05 million.
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