Lakeway, NY -- (SBWIRE) -- 03/08/2013 -- ThePennyStockProfiler.com, 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:-
BIOLASE Inc. (NASDAQ:BIOL) soared 1.59% and closed at $4.46. The Company announced fourth quarter results. Net revenue for the 2012 fourth quarter was $19.1 million compared with $13.2 million in the 2011 fourth quarter. The increase was primarily driven by increased sales of the Company's all-tissue WaterLase systems, diode soft-tissue laser systems and imaging systems. The net income for the 2012 fourth quarter was $1.0 million or $0.03 per share compared to net loss of $2.0 million, or loss of $0.06 per share for the 2011 fourth quarter.
Is BIOL a Strong Buy After The Recent Slump? Let’s Find out Here
Range Resources Corp. (NYSE:RRC) moved up 1.56% and closed at $78.84. Recently, the Company announced that it has priced at par an offering of $750 million aggregate principal amount of senior subordinated notes due 2023, which will carry an interest rate of 5.0%. Range expects that the net proceeds of the offering will be approximately $737.8 million and intends to use the net proceeds to repay borrowings under its senior credit facility. Range expects to close the sale of the notes on March 18, 2013. The size of the offering was increased from the previously announced $500 million to $750 million.
Is RRC a Strong Buying Opportunity After The Recent Slump? Find out Here
Smith & Wesson Holding Corporation (NASDAQ:SWHC) moved up 1.54% and closed at $9.90. The company reported third quarter EPS of $0.26, $0.03 better than the analyst estimate of $0.23. Revenue for the quarter was $136.2 million versus the consensus estimate of $133.68 million. The Company expects fourth quarter EPS of $0.38 and $0.40, versus the consensus of $0.30. The Company sees Q4 sales between $165.0 million and $170.0 versus the consensus of $155.06 million.
Should Investors Consider SWHC After The Recent price Action? Get Free Trend Analysis Here
Cablevision Systems Corporation (NYSE:CVC) increased 1.53% and closed at $13.98. Jefferies restated its hold rating on Cablevision Systems Corporation but slightly lowered its price target from $17.00 to $16.00.
Get latest News, Updates on CVC Here
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