Yelp Inc. (NYSE:YELP) Tumbled on Earnings - TWO, V, XIDE, YELP

Lakeway, TX -- (SBWIRE) -- 02/07/2013 -- 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:-

Two Harbors Investment Corp (NYSE:TWO) was up 0.24% to $12.46 after market trading hours. The Company posted fourth quarter net income attributable to common stockholders of $189.30 million or $0.64 per share compared to $51.43 million or $0.37 per share in the prior year period. Net interest income for the quarter was $112.96 million from $64.07 million in the prior year quarter. The Company declared a quarterly dividend of $0.55 per common share for the quarter ended December 31, 2012.

How Should Investors Trade TWO After The Latest Earnings Report? Find Out Here

Visa Inc. (NYSE:V) slipped 1.31% to $158.71 after market trading hours. 2. The Company released first quarter results. Net income for the quarter increased 26% to $1.3 billion. Net operating revenue in the first quarter of fiscal 2013 increased 12% to $2.8 billion driven by strong growth in service revenues, data processing revenues and international transaction revenues. Total operating expenses were $1.0 billion for the quarter, a 13% increase over the prior year, primarily due to higher personnel and professional fees associated with investments in technology projects to support our growth initiatives.

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Exide Technologies (NASDAQ:XIDE) soared 0.62% to $3.23 after market trading hours. The Company released third quarter results. The consolidated net sales were $804.9 million as compared to net sales of $784.1 million in the third quarter of 2012. Gross profit for the third quarter was $120.1 million. The operating income was $20.5 million compared to $30.3 million in the prior year third quarter. Net loss for the fiscal 2013 third quarter was $15.4 million or $0.20 per share as compared to net income of $68.2 million or $0.84 per share in the previous year period.

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The Recent Movement? Find Out Here

Yelp Inc. (NYSE:YELP) went down 2.82% to $21.75 after market trading hours. The Company posted fourth quarter net loss of $5.31 million or 8 cents per share compared to $9.1 million or 56 cents per share in the prior year period. The analysts had expected a loss of 5 cents per share. The Company expects revenue in the range of $44 million to $44.5 million, above the average analyst expectation of $43.8 million for the current quarter.

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