Boston, MA -- (SBWIRE) -- 08/20/2013 -- At winstonsmallcap.com we focus on undervalued companies trading under $5. Right now the markets are surging and we are seeing an opportunity in micro-cap companies like we have never seen before. Let have a Look on: (Tellabs, Inc. (NASDAQ:TLAB), Invesco Mortgage Capital Inc (NYSE:IVR), American Realty Capital Properties Inc(NASDAQ:ARCP), New Residential Investment Corp (NYSE:NRZ)
Tellabs, Inc. (NASDAQ:TLAB) shares declined 2.61% to $2.24. The company on August 1 announced its second-quarter 2013 results. The company said second-quarter loss widened to $7.8 million or $0.02 per share from $4.7 million or $0.01 per share in the same period last year. Adjusted earnings per share were breakeven. Analysts expected the company to report a loss of $0.02 per share for the quarter. Revenues decreased to $212.1 million from $288.1 million last year. Analysts expected revenues of $210.34 million.
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Invesco Mortgage Capital Inc (NYSE:IVR) shares fell 3.09% and closed at $14.44. The company on July 31 announced results for the quarter ended June 30, 2013.
For the quarter ended June 30, 2013, the Company had average borrowings of approximately $19.1 billion and interest expense, including cost of hedging, of $79.5 million, compared to $17.2 billion and $67.6 million, respectively, for the first quarter of 2013. Our average cost of funds was 1.66% and 1.57% for the second quarter and first quarter, respectively.
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American Realty Capital Properties Inc(NASDAQ:ARCP) shares decreased 2.24% to $12.65. The company, on August 6, announced its operating results for the three and six months ended June 30, 2013. For the quarter ended June 30, 2013, revenues were $45.0 million, compared to $40.2 million in the first quarter of 2013, or a quarter-to-quarter increase of over 11.8%. Funds from operations and adjusted funds from operations totaled $13.6 million and $32.8 million for the second quarter of 2013, respectively, compared to $24.4 million and $30.7 million generated in the quarter ended March 31, 2013, respectively.
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New Residential Investment Corp (NYSE:NRZ) stock declined 1.77% to $6.10. The company on August 7 reported information for the quarter ended June 30, 2013. Income available for common stockholders ("GAAP Income") of $52.3 million, or $0.20 per diluted share, an increase of 43% and 33%, respectively, compared to Q1 2013. Core earnings of $43.0 million, an increase from $37.4 million in Q1 2013, and core earnings per diluted share of $0.16, in-line with Q1 2013.
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