Lakeway, TX -- (SBWIRE) -- 03/14/2013 -- 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:-
Quicksilver Resources Inc (NYSE:KWK) stock climbed 14.35% to $2.47. McNicoll Lewis & Vlak downgraded shares of Quicksilver Resources from a buy rating to a hold rating in a research note released on Mar. 11.
Additionally, the company, on Feb. 25, reported a fourth quarter loss of $1.10 billion or $6.47 per share, versus net income of $23.53 million or $0.14 per share in the same period last year. Adjusted net loss for the quarter was $2.39 million or $0.01 per share. Meanwhile, revenues for the three-month period dipped to $179.07 million from $223.09 million in the same quarter a year earlier. Analysts expected the company to report earnings of $0.01 per share on revenues of $168.69 million for the quarter.
How Should Investors Trade KWK After The Recent Movement? Find Out Here
Ebix Inc(NASDAQ:EBIX) shares jumped 8.45% to $16.83 after the company today eported results for the fiscal fourth quarter and full year ended December 31, 2012. Total fourth quarter 2012 revenue was $54.0 million, an increase of 22.6% on a year-over-year basis, as compared to Q4 2011 revenue of $44.1 million. For the full fiscal year of 2012, the company reported revenue of $199.4 million, an increase of 18.0% from the prior year revenues of $169.0 million.
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Flotek Industries Inc(NYSE:FTK) shares increased 7.70% to $15.52 in the morning hour after the company, on Mar. 13, reported that its fourth-quarter profit was $0.44 per share, up from $0.02 per share in the same quarter last year. Meanwhile, revenue for the quarter rose 2.4 percent to $76.7 million from $74.9 million in the comparable quarter last year, while analysts expected to see revenues of $77.90 million for the quarter. Analysts expected the company to earn $0.17 per share in the quarter.
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Finisar Corporation (NASDAQ:FNSR) shares jumped 4.87% to $14.55 after thestreet downgraded shares of Finisar (NASDAQ: FNSR) from a buy rating to a hold rating in a report issued this week.
Additionally, the company, on Mar. 7, reported a higher quarterly profit, helped by an increase in demand for its fiber optic products. Net profit grew to $16.3 million, or 17 cents per share, in the third quarter from $14.2 million, or 15 cents per share, a year earlier. Revenue for the third-quarter rose 2.7 percent to $238.4 million.
How Should Investors Trade FNSR After The Latest Earnings Report? Find Out Here
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