Stocks Announcing Quarterly Results: DRYS, VELT, VRNG, MHR
NEW YORK, NOVEMBER 19, 2012 — (Net PR News) — DryShips Inc. (NASDAQ:DRYS) increased +1.80% and closed at the end of the trading day at $1.70. The stock showed downbeat weekly, monthly and quarterly performances of -22.73%, -27.35% and -26.41%, respectively. DRYS traded with volume of 13.35 million shares. DryShips Inc. (NASDAQ: DRYS) reported the financial results for the Q3 ended September 30, 2012. The company reported a net loss of $51.3 million, or $0.13 basic and diluted loss per share for the third quarter of 2012.
DryShips Inc. (NASDAQ: DRYS) owns dry bulk carriers and tankers that operate worldwide. Through its subsidiary, Ocean Rig UDW Inc., the company owns and operates nine offshore ultra deepwater drilling units comprising two ultra deepwater semisubmersible drilling rigs and seven ultra deepwater drill ships.
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Velti Plc (NASDAQ:VELT) fell -11.90% and closed the trading session at $3.85. The market capitalization of the stock remained 250.24 million. The price to sales ratio of VELT was 1.06 while price to cash ratio was 5.58. Velti Plc (NASDAQ:VELT) has updated the financial results for the Q3 of 2012. The company updated revenue of $62.4 million, advanced +62% as compared to the third quarter of 2011. Adjusted net loss of $1.8 million and adjusted Earnings per share was of $(0.03) versus with an adjusted net loss of $1.1 million and adjusted Earnings per share of $(0.02) for the third quarter of 2011.
Velti Plc (NASDAQ:VELT) engages in the provision of mobile marketing and advertising technology and solutions for brands, advertising agencies, mobile operators, and media companies in Europe, the Americas, Asia, and Africa.
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Vringo, Inc. (NYSEAMEX:VRNG) showed a bearish movement of +1.14% while the day range on, November 16, 2012 remained $3.51- $3.68. Vringo, Inc. (NYSEAMEX: VRNG) has updated the financial results of Q3 of 2012.The company reported a net loss of $3.1 million, chiefly courtesy to a non-operating income of $7.2 million. In the Q3 of 2012 the company recorded total revenues of $266 thousand mainly due to consummation of the merger.
Vringo, Inc. (NYSEAMEX: VRNG) develops and provides software products for mobile video entertainment, personalization, and mobile social applications. Vringo, Inc. is headquartered in New York, New York.
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Magnum Hunter Resources Corp (NYSE: MHR) stock traded with starting price of $3.43, hit high of $3.49 and closed at $3.44. The market capitalization remained at 580.08 million. On November 16,2012, the stock surged +0.29%. Magnum Hunter Resources Corp (NYSE: MHR) has reported the financial results for the quarter ended September 30, 2012. For the Q3 of 2012, total revenue was $69.8 million, advanced +149% as compared to $28.1 million for the same period of 2011.
Magnum Hunter Resources Corp (NYSE: MHR), an independent oil and gas company, engages in the acquisition, exploration, exploitation, development, and production of crude oil, and natural gas.
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