Orlando, FL -- (SBWIRE) -- 11/01/2013 -- 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 Renren Inc(NYSE:RENN), Standard Pacific Corp. (NYSE:SPF), Central European Media Enterprises Ltd. (NASDAQ:CETV).
Renren Inc(NYSE:RENN) shares dropped 2.07% to $3.31. The company is expected to get more investment from other Internet companies as Chinese airlines fell on concern the U.S. government shutdown will hurt demand for air travel. The company operates real name social networking Internet platform in the People’s Republic of China. Its platform enables its users to connect and communicate with each other, share information and user-generated content, play online games, listen to music, shop for deals and a range of other features and services.
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Standard Pacific Corp. (NYSE:SPF) shares decreased 2.34% to $7.93. The company on Oct. 31 announced results for the third quarter ended September 30, 2013. Net income for the 2013 third quarter was $58.9 million, or $0.15 per diluted share, compared to $21.7 million, or $0.05 per diluted share. Pretax income for the 2013 third quarter increased 220% to $70.1 million compared to $21.9 million for the prior year period. Revenues from home sales for the 2013 third quarter increased 61%, to $511.1 million, as compared to the prior year period, resulting primarily from a 41% increase in new home deliveries and a 14% increase in the Company's consolidated average home price to $420 thousand.
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Central European Media Enterprises Ltd. (NASDAQ:CETV) shares gained 8.69% and closed at $3.07 in the last trading session. The company on Oct. 30 posted an operating loss before depreciation and amortization and cut its 2013 forecasts on a weaker Czech outlook. The operating loss before depreciation and amortization for the three months ended Sept. 30 was $32.4 million, after income of $3.5 million a year earlier, the company said. Net revenue fell 3 percent to $135.8 million, it said.
Looking forward, the company cut its full-year Oibda outlook to a loss of between $40 million and $30 million, reflecting lower expectations for operations in the Czech Republic and Slovakia and higher restructuring and severance costs, it said. It foresees 2013 revenue of between $640 and $650 million.
Is CETV going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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