Shares of Universal Display Corporation (NASDAQ: PANL), a company engaged in the development and licensing of its OLED technologies to manufacturers of products for display applications, are rallying in trading today after the company reported its fourth-quarter financial results.
PANL reported revenue of $28.13 million for the quarter, up from $18.66 million reported for the same period in the previous year. The company’s fourth-quarter revenue beat consensus forecast of $26.44 million. Net income for the quarter was $5.39 million, down from $5.73 million reported for the same period in the previous year.
PANL shares rose to an intra-day high of $32.76 earlier today. At last check, the stock was trading 13.58% higher at $31.69 on above average volume of 2.56 million.
Shares of J.C. Penney Company Inc. (NYSE: JCP), a holding company operating department stores in 49 states and Puerto Rico, have plunged in trading today after the company reported disappointing fourth-quarter financial results.
The Plano, Texas-based company reported a net loss of $552 million, or $2.51 per share for the quarter, compared to a loss of $87 million, or $0.41 per share reported for the same period in the previous year. Excluding one-time items, the company reported a loss of $1.95 per share. The company’s adjusted loss for the quarter was significantly above the consensus forecast. Net sales for the quarter fell 27% to $3.88 billion, well below forecasts.
JCP shares fell to an intra-day low of $16.57 earlier today. At last check, the stock was trading 16.68% lower at $17.63 on above average volume of 44.24 million.
Shares of Chart Industries Inc. (NASDAQ: GTLS), a worldwide manufacturer of engineered equipment utilized in the production, storage and end-use of hydrocarbon and industrial gases, are rallying in trading today after the company reported its fourth-quarter financial results.
For the fourth quarter, GTLS reported adjusted earnings of $0.80 per share, compared to Street estimates of $0.76 per share. For the full year 2013, the company expects adjusted earnings to be between $3 per share and $3.40 per share, which is below the consensus forecast of $3.53 per share.
GTLS shares rose to an intra-day high of $74.06 earlier today. At last check, the stock was trading 10.83% higher at $72.63 on above average volume of 1.19 million.
Shares of Cablevision Systems Corporation (NYSE: CVC), owner and operator of cable television systems, and provider of regional news, other programming and advertising sales services for the cable business, are sinking in trading today after the company reported its fourth-quarter financial results.
CVC reported fourth-quarter net income of $0.45 per share earlier today. This compares to $0.22 per share reported for the same period in the previous year. Analysts were expecting the company to report earnings of $0.09 per share for the quarter. Net revenue for the quarter fell 2.2% to $1.47 billion.
At last check, CVC shares were trading 9.53% lower at $13.99 on above average volume of 12.40 million. The stock fell to an intra-day low of $13.68 earlier today.
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