Shares of Maxwell Resources Inc. (OTCBB: MAXE), a Nevada based Mineral Exploration Company that is focused in acquiring coal, gold, silver, iron ore and copper interests in Colfax County, New Mexico, are soaring in today’s trading.
Month: October 2012
Citigroup Shares Gain as Q3 Results Beat Estimates (C)
New York-based banking giant, Citigroup Inc. (NYSE: C) reported results for the third quarter of 2012 ended Sep 30, 2012. Citi shares rose sharply as the company’s results beat Street estimates.
Continue reading Citigroup Shares Gain as Q3 Results Beat Estimates (C)
Japan’s SoftBank to Acquire 70% Stake in Sprint Nextel (S)
Japan’s SoftBank Corp. today announced that it will acquire a 70% stake in Sprint Nextel Corp. (NYSE: S), the No. 3 U.S. wireless carrier, for $20.1 billion. The Wall Street Journal had last week reported that the two companies were in advanced talks for a deal. The deal comes a few days after the announcement of the T-Mobile/MetroPCS Communications Inc. (NYSE: PCS) merger.
Continue reading Japan’s SoftBank to Acquire 70% Stake in Sprint Nextel (S)
Major Gainers and Losers in Early Trading on October 15; CLWR, MNRO, ISIS, MM, GZT, T
Shares of Clearwire Corporation (NASDAQ: CLWR), a provider of fourth-generation (4G) wireless broadband services, are soaring in early trading today. At last check, CLWR shares were trading 22.84% higher at $2.85 on above average volume of 47.79 million. The stock hit a 52-week high of $2.96 in early trading today.
JPMorgan Chase Reports Q3 Results (JPM)
New York based, largest U.S. bank by assets, JP Morgan Chase & Co. (NYSE: JPM) reported results for the third quarter of 2012 ending Sep 30, 2012.
Micro-Caps on Watch; Peregrine Pharmaceuticals Inc. (PPHM), Santo Mining Corp. (SANP), Graystone Co. Inc. (GYST)
Shares of Peregrine Pharmaceuticals Inc (NASDAQ: PPHM), a California based biopharmaceutical Company that is focused on the research, development and commercialization of novel therapeutics for cancer and a wide range of viral diseases, are down sharply in today’s trading.
Major Gainers and Losers in Early Trading on October 12; JBHT, AMD, LXRX, WFC
Shares of J.B. Hunt Transport Services Inc. (NASDAQ: JBHT), a provider of surface transportation and delivery services to a diverse group of customers and consumers throughout the continental U.S., Canada and Mexico, are soaring in trading today.
Continue reading Major Gainers and Losers in Early Trading on October 12; JBHT, AMD, LXRX, WFC
iGate Shares Rise Sharply as Q3 Results Beat Estimates (IGTE)
Shares of iGate Corporation (NASDAQ: IGTE), a provider of integrated end-to-end offshore centric information technology (IT) and IT-enabled operations solutions and services, rose more sharply in pre-market trading today after the company reported better-than-expected third-quarter profit. However, the company’s third-quarter revenue growth slowed due to delays in contract renewals.
Continue reading iGate Shares Rise Sharply as Q3 Results Beat Estimates (IGTE)
Micro-Caps on the Move; Force Energy Corp (FORC), FastFunds Financial Corp (FFFC), Hollund Industrial Marine Inc (HIMR)
Shares of Force Energy Corp (OTCQB: FORC), a Colorado based Mineral Exploration Company that is involved in identifying, evaluating, qualifying, and investing in potential natural gas and oil wells, are soaring in today’s trading.
Winnebago Industries Reports Q4 and Fiscal 2012 Results (WGO)
Iowa-based largest manufacturer of Motor homes that are self-contained recreation vehicles used primarily in leisure travel and outdoor recreation activities, Winnebago Industries Inc. (NYSE: WGO) reported results for the fourth quarter of 2012 ended Aug 25, 2012.
In the fourth quarter, WGO’s revenues increased 25% to $162.5 million. Operating Income rose an impressive 270% to $6.54 million. Net income for the quarter was $40.91 million, up from $3.55 million reported for the same period in the previous year.
For fiscal 2012, the company’s annual revenues increased 17% to $581.68 million. Operating income fell 16% to $9.53 million from that of $11.28 million. Net income rose 280% to $44.97 million. Net cash from operations for the year 2012 were $0.12 million.
The 17% increase in Consolidated Fiscal 2012 revenues included a 240% increase in towable products. The Revenue hike was mainly due to the 5.6% increase in number of motor homes and 204% in towable deliveries and increased average selling prices for all RV products due to the mix of higher priced products delivered.
The decline in operating income in fiscal 2012 was mainly due to the higher input costs and higher discounts incurred during first half of fiscal 2012. In spite of decrease in non operating income by 12%, net income increased by 280% in fiscal 2012 because of $34.34 million tax benefits received during fourth quarter. The company claimed that the tax benefits were from the $36.9 million reduction in valuation allowance on deferred tax assets that was established in fiscal 2009.
As on Aug 25, 2012, WGO had total assets of $286.07 million including cash and its equivalents worth $62.68 million. Total liabilities were $141.38 million, among which 43% were current and the remaining was long term. Total Stockholders’ equity was $286.07 million.
During the fourth quarter 2012, the Company repurchased 592,000 shares for $6.3 million at an average price of $10.57.
At the last check, WGO’s shares were trading 0.41% higher at $12.25 with volume down from its daily average of 0.25 million to 0.21 million. The stock has been trading so far today in the range of $12.06 and $12.82. The stock had gained over 68% year to date.