The Clorox Company (NYSE: CLX) posted third-quarter net income of $151 million, down 8.5%, or $1.02 per share, compared to $165 million or $1.16 in the same quarter a year ago. The company reported revenue of $1.37 billion up 1% compared to the same quarter a year ago. The company fell short of the analyst’s [...]
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Tech Talk; Level 3 trims Q1 Loss, Shares rise
Level 3 Communications Inc. (NASDAQ: LVLT) reported a narrower loss for the first quarter of 2011 as compared to same period last year. The company reported a net loss for the first quarter of $205 million, or $0.12 per share, which included charges totaling $0.03 per share, for income tax expense of $27 million, related [...]
3 Solar Stocks worth Warming up to: SOL, LDK, JASO
ReneSola Ltd. (NYSE: SOL) shares climbed 4% in today’s trade after the solar company reported its first-quarter results, with revenues surpassing analysts expectations though EPS fell short. The company reported $0.49 per share for the quarter, lagging behind the consensus estimate of $0.58 per share in earnings. ReneSola reported its revenue at $328 million, while [...]
Silicon Image Spikes on Solid Reports Q1 Results
Silicon Image Inc. (NASDAQ: SIMG) shares spiked more than 12% in today’s late trading after the company announced its first-quarter financial results. The company reported revenue for the quarter at $49 million, up from $52 million earned a year earlier. Its GAAP net loss for the quarter has been reported at $800,000, down from $4.2 [...]
Citigroup Announces First-Quarter Financial Results
Citigroup Inc. (NYSE: C) reported sequential increase in its first-quarter earnings but declined $1.4 billion, as compared to the comparable period previous year. Citigroup reported first-quarter net income of $3.0 billion, or $0.10 per diluted share, a decline from the first quarter 2010, but more than doubled sequentially. The revenue reported was $19.7 billion, a [...]
Top Cheap Biopharm Stock; Halozyme posts Positive Insulin Study Data
Halozyme Therapeutics Inc. (NASDAQ: HALO) shares are up after the company announced the study results for a study in type 1 diabetes patients who receive their insulin treatment with a pump. The company demonstrated that its recombinant human hyaluronidase rHuPH20 is helpful in increasing the rate of insulin absorption and thus helps in reducing the [...]
Sify Technologies: Small-cap Gainer inks India Deal
Sify Technologies Limited (NASDAQ: SIFY) is a provider of Internet, network and electronic commerce services in India. It offers end-to-end solutions delivered over a common Internet backbone infrastructure. The company helps businesses and consumers to communicate, transmit and share information, access online content and conduct business remotely using its private data network or the Internet. [...]
Apple World; iScream, you Scream, Verizon Screams for iThings
Apple Inc. (NASDAQ: AAPL) got the tech world talking again today with news the tech giant is currently working on its iPhone 5, which is rumored to be launched some time in September this year. The company had recently entered into an agreement with Verizon (NYSE: VZ) for the roll-out of the CDMA version of [...]
American Superconductor takes a Blow on Chinese Wind Power Shipment Refusal
American Superconductor Corp. (NASDAQ:AMSC) shares plummeted as its largest customer refused to accept shipments of wind turbine components. Sinovel Wind Group, the Chinese wind power firm did not accept contracted shipments of 1.5-megawatt and 3-megawatt wind turbine core electrical components and spare parts. Sinovel is planning to reduce its level of inventory before accepting further [...]
VirnetX and Apple; One Stock on Fire, One Stock under Fire
VirnetX Holding Corp. (AMEX: VHC) shares soared more than 18% today on news the company has been awarded a new patent called ‘Agile Network Protocol for Secure Communications Using Secure Domain Names.’ This patent is among the various patents involved in an infringement case. In one such instance, the company alleges that Apple (Nasdaq: AAPL) [...]
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