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Micro-Cap in Focus; AMR Corp. (AAMRQ)

By Warren Paige

Shares of AMR Corp. (PINK: AAMRQ), the parent company of American Airlines, rose sharply in trading on Thursday.

AAMRQ shares ended the day 5.68% higher at $0.539 on above average volume of 1.75 million.

Earlier this week, AMR Corp. reported its second-quarter financial results. For the second quarter of 2012, AAMRQ reported revenue of $6.5 billion, representing an increase of 5.5% over the same period last year. Second-quarter 2012 revenue was the highest in the company’s history.

AAMRQ reported a net profit of $95 million, excluding reorganization and special items. Including these items, the company had a net loss of $241 million for the second quarter, compared to a net loss of $286 million reported in the second quarter of 2011.

Tom Horton, Chairman and CEO of AMR Corp., said that AAMRQ’s revenue performance has topped the industry for several months, leading to the company’s first second-quarter profit in five years excluding reorganization and special items.

 

July 20th, 2012 | Tags: | Category: Hot MicroCaps

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.