NEW YORK, April 19, 2013 - cheapstocks.us, one of the leaders in providing investment alerts on U.S. stocks are announcing Investment Highlights on E TRADE Financial Corporation, Advanced Micro Devices, Overstock.com, Statoil ASA.
E TRADE Financial Corporation (NASDAQ:ETFC) shares gained 1.05% to $9.64. The company, on April 18, posted first-quarter net income of $35.1 million, or $0.12 per share, compared to $62.6 million, or $0.22 pershare in the prior year quarter. Analysts expected the company to report a loss of $0.12 per share for the quarter. The company reported total net revenue of $419.87 million for the latest first quarter, compared to $489.40 million in the comparable quarter last year, while analysts had consensus revenue estimate of $438.42 million for the quarter.
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Additionally, ETFC’s stock was upgraded by analysts at ISI Group to a “neutral” rating in a research report issued to clients and investors on April 19.
Advanced Micro Devices, Inc. (NYSE:AMD) shares decreased 1.99% to $2.46. The company, on April 18, announced revenue for the first quarter of 2013 of $1.09 billion, an operating loss of $98 million and a net loss of $146 million, or $0.19 per share. The company reported a non-GAAP operating loss of $46 million and a non-GAAP net loss of $94 million, or $0.13 per share.
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Looking forward, the company expects second quarter of 2013 revenue to increase 2 percent, plus or minus 3 percent, sequentially.
Overstock.com, Inc. (NASDAQ:OSTK) stock surged 19.94% to $18.83. The company on April 18 reported financial results for the quarter ended March 31, 2013.
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The company earned $7.7 million, or 32 cents per share, for the quarter that ended March 31. That compared with earnings of $2.7 million, or 12 cents per share, in the first quarter last year. The company’s revenue increased 19 percent to $312 million from $262.4 million, as consumers spent 21 percent more with each transaction, although the number of orders was down. The quarter's results far exceeded the 13 cents per share earnings on revenue of $282.3 million that analysts, on average, anticipated.
Statoil ASA(ADR) (NYSE:STO) shares climbed 1.43% to $23.40 in the early hour. The company today said it has found "significant" new oil resources in the North Sea. The company estimated there are between 40million and 150 million recoverable barrels in the new discovery in the Gullfaks oil field, adding the estimate "involves a high degree of uncertainty." The Gullfaks field has been in production since the 1980s.
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