Orlando, FL -- (SBWIRE) -- 08/20/2013 -- 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 DryShips Inc. (NASDAQ:DRYS), Walter Energy, Inc. (NYSE:WLT).
DryShips Inc. (NASDAQ:DRYS) shares increased 3.18% to $1.98. The company on August 7 announced its unaudited financial and operating results for the second quarter ended June 30, 2013. For the second quarter of 2013, the Company reported a net loss of $18.2 million, or $0.05 basic and diluted loss per share. The Company reported Adjusted EBITDA of $112.3 million for the second quarter of 2013, as compared to $140.2 million for the second quarter of 2012.
Additionally, the company on July 23, an international provider of marine transportation services for drybulk and petroleum cargoes, and through its majority owned subsidiary, Ocean Rig UDW Inc. ("Ocean Rig"), announced that Ocean Rig has signed definitive documentation with Total E&P Angola, following the previously announced Letter of Award, for its ultra deepwater drillship "Ocean Rig Skyros." The contract is for 5 wells or a minimum of 275 days for drilling offshore West Africa, with an estimated backlog of approximately $190 million, and is expected to commence upon delivery of the drillship from the shipyard, in October 2013.
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Walter Energy, Inc. (NYSE:WLT) shares increased 5.78% to $12.27. The company on August 1 reported a net loss of $34.5 million, or $0.55 loss per diluted share, in the second quarter 2013, as compared to net income of $31.9 million, or $0.51 per diluted share, in the second quarter of 2012. Second quarter 2013 consolidated revenues totaled $441.5 million, a decrease from $677.6 million in the second quarter of 2012.
Additionally, the company will begin trading ex-dividend on August 02, 2013. A cash dividend payment of $0.01 per share is scheduled to be paid on September 06, 2013. Shareholders who purchased WLT stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an -92% decrease from the prior quarter.
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