Shares of U.S. Energy Initiatives Corp. Inc. (OTC: USEI), a manufacturer and marketer of retrofit systems in the U.S. and internationally, are up sharply in trading today. At last check, USEI shares were trading 11.76% higher at $0.0095 on above average volume of 41.08 million. The stock hit an intra-day high of $0.02 earlier today. USEI shares have gained 25% in the last three trading sessions. Continue reading Micro-Caps on Watch; U.S. Energy Initiatives Corp. Inc. (USEI), Montalvo Spirits Inc. (TQLA), Fortitude Group Inc. (FRTD)
Month: June 2013
Adobe’s Creative Cloud Subscribers Grow at Rapid Pace, Q2 Earnings Beat Estimate (ADBE)
Adobe Systems Inc. (NASDAQ: ADBE) reported late on Tuesday that its fiscal second-quarter income slumped 66% as the Company’s transition towards subscription based revenue model for its flagship products away from licensing and packaged software sales- increased marketing expenses while revenue also fell.
Major Movers on June 18; FDS, GNMK, KFY, JW.A, SNE
Shares of FactSet Research Systems Inc. (NYSE:FDS) fell about 2% by afternoon trade. Although FactSet posted fiscal third quarter earnings which matched street’s estimate, revenue fell short of expectation. In addition, the Company said it envisage a tough market condition. Factset sells services to clients that use its merger acquisition and stock research. In the fiscal third quarter, FactSet’s net income rose 11%. Continue reading Major Movers on June 18; FDS, GNMK, KFY, JW.A, SNE
Facebook Might Unveil Video Feature on Thursday: TechCrunch (FB)
Social networking giant, Facebook Inc. (NASDAQ: FB) has invited members of the press to visit the company’s headquarter at Menlo on Thursday as it wants them to “learn about their new product”. According to the market grapevine, Facebook’s new product could be a video feature in Instagram.
Continue reading Facebook Might Unveil Video Feature on Thursday: TechCrunch (FB)
Micro-Caps on the Move; Nostra Energy Inc. (NORX), Prince Mexico SA Inc. (LUVE), Health Revenue Assurance Holdings Inc. (HRAA)
Shares of Nostra Energy Inc. (OTC: NORX), an exploration stage company engaged in exploration and development of oil and gas properties in the U.S., are up sharply in trading today. At last check, NORX shares were trading 7.86% higher at $0.755 on above average volume of 2.37 million. The stock hit an intra-day high of $2.06 earlier today. NORX shares have gained more than 17.60% in the last three trading sessions.
Korn/Ferry International Provides Upbeat Earnings Guidance for Q1 (KFY)
Executive search company, Korn/Ferry International (NYSE: KFY) reported on Monday that its fiscal fourth-quarter income edged up modestly as higher expenses offset revenue growth. Still, shares rallied in aftermarket hours as the firm handed upbeat guidance for the fiscal first quarter.
Continue reading Korn/Ferry International Provides Upbeat Earnings Guidance for Q1 (KFY)
Major Movers on June 17; TEX, RXN, ANR, DWRE, DWA, NFLX
Shares of Terex Corp. (NYSE: TEX) slumped about 9.75% by afternoon trade after the heavy equipment maker slashed its full-year earnings forecast even as it provided weak outlook for the fiscal second quarter amid falling sales trends.
Continue reading Major Movers on June 17; TEX, RXN, ANR, DWRE, DWA, NFLX
DreamWorks Signs Multi-Year Deal With Netflix (DWA, NFLX)
DreamWorks Animation Skg Inc. (NASDAQ: DWA) has entered in a multi-year agreement to produce in excess of 300 hours of content for internet-video streaming company Netflix Inc. (NASDAQ: NFLX).
Continue reading DreamWorks Signs Multi-Year Deal With Netflix (DWA, NFLX)
Micro-Caps in Focus; Petrosonic Energy Inc. (PSON), Titan Energy Worldwide Inc. (TEWI), Urban Ag Corp. (AQUM)
Shares of Petrosonic Energy Inc. (OTC: PSON), a development stage company engaged in the treatment and upgrading of heavy oil through sonicated solvent de-asphalting, are up sharply in trading today. At last check, PSON shares were trading 6.30% higher at $1.35 on above average volume of 1.20 million. The stock hit an intra-day high of $1.36 earlier today. PSON shares have gained 12.50% in the last three trading sessions.
Major Movers on June 14; RH, GRPN, CASY, SWHC, GME
Shares of Restoration Hardware Holdings Inc. (NYSE: RH) catapulted about 18% by afternoon trade. The home furnisher late on Thursday announced fiscal first quarter results. The Company said that first quarter loss narrowed due to lower expenses. The Company earned 6 cents a share on non-GAAP basis against a loss of 4 cents a share, in the same quarter of last year. Analysts’ consensus estimate was for earnings of 4 cents a share, according to a data compiled by Thomson Reuters. Revenue climbed 38% to $301.34 million from $217.92 million, in the year earlier quarter and topping Street’s estimate for $299.13 million. Same-store-sales jumped 41% compared to 26% in the same period of last fiscal year.
Continue reading Major Movers on June 14; RH, GRPN, CASY, SWHC, GME