Orlando, FL -- (SBWIRE) -- 09/03/2013 -- 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 Frontier Communications Corp(NASDAQ:FTR), Aeropostale, Inc.(NYSE:ARO).
Frontier Communications Corp(NASDAQ:FTR) shares decreased 2.91% to $4.33. The company on August 20 announced that it has applied for more than $71.5 million from the Connect America Fund (CAF) to support the delivery of broadband to an additional 119,000 households. The funding, if awarded by the Federal Communications Commission (FCC), will allow Frontier to accelerate broadband availability in its high-cost, unserved areas across multiple states.
Additionally, the company on August 7 said it swung to a second-quarter loss as the company posted $159.8 million in early debt-extinguishment losses. The company reported a loss of $38.5 million, or four cents a share, compared with year-earlier earnings of $18 million, or two cents a share. Adjusted earnings were down at six cents from eight cents. Revenue decreased 5.4% to $1.19 billion. Analysts recently expected per-share profit of six cents and revenue of $1.19 billion.
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Aeropostale, Inc.(NYSE:ARO) shares fell 2.75% to $8.13. The company on August 22 forecast a third quarter loss. The company said it now plans to close 30 to 40 stores this year, comp rated to an earlier plan to close 15 to 20. Aeropostale is projecting a net loss of 21 cents to 26 cents per share for the third quarter.
The company reported a net loss of $33.7 million, or 43 cents per share, in the quarter ended August 3, compared with a profit of $71,000 million, or nil per share, a year ago. Its adjusted loss per share was 34 cents, deeper than the 24 cents expected by analysts.
Additionally, the company last month announced plans to launch the Aeropostale brand in Mexico through a licensing agreement with Distribuidora Liverpool, S.A. de C.V. ("Liverpool"). Aeropostale's expansion plans in Mexico include the opening of branded shop-in-shops in Liverpool department stores across Mexico beginning in Summer 2013, in addition to rolling out standalone stores.
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