Lakeway, TX -- (SBWIRE) -- 03/08/2013 -- vb-news.net, 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:-
Gasco Energy Inc(NYSEAMEX:GSX) shares climbed 25.87% to $0.0540. The company, on Mar. 6, announced financial and operating results for the fourth quarter and full-year. The Company reported fourth quarter net loss of $8.9 million, or $0.05 per basic and diluted share, as compared to a net loss of $4.5 million, or $0.03 per basic and diluted share in the same quarter last year. As of December 31, 2012, Gasco's total assets were $53.9 million, its stockholders' equity was $17.7 million, and cash and cash equivalents were $2.9 million.
How Should Investors Trade GSX After Today’s Movement? Let’s Find Out Here
Ambarella Inc (NASDAQ:AMBA) shares climbed 17.71% to $14.09 in the early hour after investment analysts at Stifel Nicolaus lifted their target price on shares of AMBA from $10.00 to $17.00 in a note issued to investors today. The firm currently has a “buy” rating on the stock.
Additionally, the company announced its earnings results yesterday. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.05. The company had revenue of $31.50 million for the quarter, compared to the consensus estimate of $29.20 million.
Should Investors Continue to Hold AMBA After The Latest Momentum? Let’s Find Out Here
Pandora Media Inc (NYSE:P) shares jumped 18.33% to $13.88 after the company yesterday reported fourth-quarter net loss of $14.6 million or $0.09 per share, wider than $8.2 million $0.05 per share in the comparable quarter last year. Non-GAAP net loss for the quarter widened to $7.7 million or $0.04 per share from $4.7 million or $0.03 per share last year. Analysts expected the company to report a loss of $0.05 per share for the quarter. Revenues for the quarter rose to $125.09 million from $81.33 million in the prior year quarter, while analysts had consensus revenue estimate of $122.81 million for the quarter.
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Immersion Corporation (NASDAQ:IMMR) shares jumped 15.53% to $9.52 after the company yesterday said it entered into a multi-year license agreement with Samsung Electronics. Immersion will license its TouchSense and Integrator solutions as well as cover Samsung's prior and future use of simple forms of haptic effects termed Basic Haptic, in smartphones and other mobile devices. Following the deal, Immersion revised up its 2013 revenue guidance.
Looking forward, the company now expects full-year revenue in the range of $44 million to $48 million, up from its earlier guidance of $28 million-$32 million. The company also said it expects adjusted EBITDA for 2013 to be in the range of $12 million to $15 million.
How Should Investors Trade IMMR Now? Let’s Find Out Here
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