Orlando, FL -- (SBWIRE) -- 08/26/2013 -- 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 Weatherford International Ltd(NYSE:WFT), MGM Resorts International (NYSE:MGM).
Weatherford International Ltd(NYSE:WFT) shares jumped 0.20% to $15.16. The company announced that it has scheduled a conference call for Tuesday, November 5, 2013 at 8:30 a.m. ET. The purpose of the conference call is to discuss results for the Company's third quarter ended September 30, 2013. The call will be open to the public.
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Additionally, Equities research analysts at Cowen and Company increased their target price on shares of Weatherford from $19.00 to $20.00 in a research note issued to investors on August 1. The firm currently has an “outperform” rating on the stock.
Moreover, the company released its earnings data on July 30. The company reported $0.15 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.15. The company had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.88 billion. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. On average, analysts predict that Weatherford will post $0.80 earnings per share for the current fiscal year.
MGM Resorts International (NYSE:MGM) shares jumped 0.89% to $18.16. The company on August 13 unveiled the nation's first commercial fleet of compressed natural gas (CNG) fueled Cadillac Escalades during the National Clean Energy Summit at Mandalay Bay Resort & Casino today. Uniquely converted by World CNG, a nationally recognized leader in alternative fuel technology, the six EPA-certified luxury vehicles will service ARIA Resort & Casino and Bellagio Resort & Casino.
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Additionally, the company on August 6 said its second-quarter loss narrowed as both domestic and China casino revenue improved. The company reported a loss of $93 million, or 19 cents a share, compared with a loss of $145.5 million, or 30 cents a share, a year earlier. Revenue jumped 6.5% to $2.67 billion. Analysts had most recently forecast earnings of one cent a share on revenue of $2.43 billion.
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