Volume Buzz: Web.com Group, Celsion Corporation, Activision Blizzard, Zynga Inc, FleetCor Technologies
NEW YORK, February 11,2013 (MESHPRESS) – Beststocksdaily.com, 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:-
Web.com Group, Inc. (NASDAQ:WWWW) shares jumped 12.84% and closed at $18.19 in the last trading session. The company, on Feb. 7, reported fourth-quarter net loss of $51.9 million or $1.10 per share, compared to net income of $0.5 million or $0.01 per share last year. Adjusted net income for the quarter rose to $22.7 million or $0.45 per share. Total revenues grew to $111.4 million from $73.6 million last year. Adjusted revenues for the quarter rose to $126.2 million from $96.5 million last year. Analysts expected earnings of $0.42 per share on revenues of $125.21 million.
Can WWWW Continue To Move Higher? Find Out Here
Celsion Corporation (NASDAQ:CLSN) shares gained 11.21% to $1.29. The company, on Feb. 5, announced that Zheijang HISUN Pharmaceutical Company (HISUN) does not plan to pursue the exclusive option to license ThermoDox® for the Greater China market. Accordingly, the parties will not enter into the exclusive license agreement, and Celsion will not receive nor will it require any future payment for the option or license, as contemplated in the Exclusive Option Agreement announced on January 22, 2013.
Can CLSN Extend Rally? Find Out Here
Activision Blizzard, Inc. (NASDAQ:ATVI) shares gained 11.19% to $13.41. The company, last week, reported net income of $354 million, or 31 cents per share, on revenue of $1.77 billion, compared to net income of $99 million, or 8 cents per share, on revenue of $1.4 billion for the same period the previous year. Adjusted for the deferred revenues from certain game titles, the company said it earned 78 cents a share on $2.6 billion in revenue for the recent period. Analysts were expecting adjusted earnings of 72 cents a share on revenue of $2.4 billion.
Can ATVI Extend Jump? Find Out Here
Zynga Inc (NASDAQ:ZNGA) shares jumped 11% to $3.43. The company, on Feb. 6, reported fourth-quarter profit and sales that surpassed analysts’ estimates as it cut costs faster than demand fell for virtual goods. Sales totaled $311.2 million, unchanged from a year earlier. The company posted a fourth-quarter net loss of $48.6 million, or 6 cents a share. Analysts predicted (ZNGA) a net loss of $58.1 million, or 7 cents a share.
Will ZNGA Bounce Back? Get Free Trend Analysis Here
FleetCor Technologies, Inc. (NYSE:FLT) stock climbed 10.85% to $66.01. The company, on Feb. 7, reported financial results for its fourth quarter. Net income increased 59% to $60.1 million from $37.8 million last year, while profit per share was $0.70, up from $0.45 in the same period last year. Meanwhile, revenues increased by 45% to $202.6 million from $140.2 million in the prior year. Adjusted net income per share was $0.82 compared with $0.56 in the prior year. Analysts expected the company to report a profit of $0.75 per share on revenues of $178.66 million for the quarter.
Will FLT Bounce Back? Get Free Trend Analysis Here
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