Lakeway, TX -- (SBWIRE) -- 03/06/2013 -- 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:-
Mohawk Industries, Inc. (NYSE:MHK) shares gained 2.04% to $110.25 in the last trading session. The company, on Feb. 21, announced that it anticipate revenue growth for fiscal 2013 as the U.S. market improves and the Company realize some benefits from recent acquisitions. The first quarter earnings are seasonally the lowest and represented a little less than one sixth of 2012's full year results. With this, the Company's guidance for first quarter of 2013 earnings is $0.77 to $0.86 per share (EPS), excluding any restructuring, acquisition costs and interest on the new bonds for Marazzi. Analysts on an average were expecting the Company to report revenue of $6.898 billion for fiscal 2013 and EPS of $0.92 for the first quarter of 2013
How Should Investors Trade MHK After The Recent Volatile Moves? Find Out Here
PMC-Sierra Inc (NASDAQ:PMCS) shares jumped 2.02% to $6.55. The company, last month, announced further expansion of its Adaptec storage product line with the industry’s first high performance, high density, low profile encrypted PCIe Gen3 host bus adapter (HBA) family. This product line is capable of executing over one million input/output operations per second (IOPS) with 6.6 GB/sec sustained throughput, provides 256 bit AES encryption, and offers up to 16 ports.
Is PMCS Showing Any Sign of Buy At The Current Market Price? Get Our Free Trend Analysis Here
QUALCOMM, Inc.(NASDAQ:QCOM) shares gained 2.01% to $67.97.The company yesterday said that its board has approved a 40% increase in its quarterly cash dividend and a new $5.0 billion stock buyback program. The new share buyback program has no expiration date. QCOM will increase its cash dividend to $0.35 per share from $0.25 per share, which is likely to be effective for quarterly dividends payable after March 27 and the company said this dividend increase will raise annualized dividend payout to $1.40 per share.
Can QCOM Rebound After The Recent Slump and Investors Can Make Money? Find Out Here
RadioShack Corporation (NYSE:RSH) shares gained 2% and closed at $3.06. The company, on Feb. 26, reported a fourth quarter loss of $63.3 million, or 63 cents a share, versus a profit of $11.9 million, or 12 cents a share, a year earlier. RadioShack logged income from continuing operations before tax of $2.6 million for the quarter versus $17.8 million a year earlier. Net sales fell 6.5% to $1.3 billion. Analysts had most recently forecast a per-share loss of five cents on revenue of $1.36 billion.
Is RSH Ready To Move Back To New Highs This Year? Find Out Here
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