Notable Services Stocks Gainers are MGM, FMCN, KONG, EBAY, ZLC
Services Stocks Notable Gainers.
(EMAILWIRE.COM, March 17, 2010 ) Dallas, Tx MGM MIRAGE (NYSE:MGM) spurted 1.53% to $12.49 after it issued a 9.0% senior secured notes (Notes), which was subscribed by Resorts World Limited, an indirect wholly owned subsidiary of Genting Malaysia Berhad (GENM). The subscription has been completed with a subscription price of USD18 million (approximately MYR60 million), which is due on March 2020. The Notes were offered by MGM as part of a placement of USD845 million in aggregate principal amount of the Notes, which was announced initially by MGM on March 9, 2010, and the proceeds to be used by MGM to repay a portion of its outstanding debts and for related fees and expenses. MGM had on 16 March 2010 announced the completion of the placement.
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Focus Media Holding Limited (ADR) (NASDAQ:FMCN) surged 2.74% to $17.23 after it reported fourth-quarter revenues of $144.3 million, topping consensus estimates of $131.5 million. The company also announced that for first quarter of 2010, it expects net income to be in the range of $20-23 million. According to Reuters Estimates, analysts were expecting the Company to report net income of $17 million for first quarter of 2010.
KongZhong Corporation (ADR) (NASDAQ:KONG) zoomed 19.65% to $9.32 after it announced its unaudited fourth quarter 2009 and full year 2009 financial results. Total revenues for the Fourth Quarter of 2009 ("4Q09") increased 28% year-over-year to US$ 34.3 million, in line with the Company's revised 4Q09 revenue guidance of US$ 34 million to US$ 35 million. Total WVAS revenues were $98.24 million, total mobile games revenues were $27.30 million and total Wireless Internet revenues were $5.76 million.
eBay Inc. (NASDAQ:EBAY) climbed 1.46% over its previous day’s price and now trades at $27.19. The stock today also touched a new 52 week high at $27.20.
Zale Corporation (NYSE:ZLC) jumped 8.09% to $3.74. The stock has a 52-week range of $1.00-$8.51. So far in this year the stock went up over 29%.
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Focus Media Holding Limited (ADR) (NASDAQ:FMCN) surged 2.74% to $17.23 after it reported fourth-quarter revenues of $144.3 million, topping consensus estimates of $131.5 million. The company also announced that for first quarter of 2010, it expects net income to be in the range of $20-23 million. According to Reuters Estimates, analysts were expecting the Company to report net income of $17 million for first quarter of 2010.
KongZhong Corporation (ADR) (NASDAQ:KONG) zoomed 19.65% to $9.32 after it announced its unaudited fourth quarter 2009 and full year 2009 financial results. Total revenues for the Fourth Quarter of 2009 ("4Q09") increased 28% year-over-year to US$ 34.3 million, in line with the Company's revised 4Q09 revenue guidance of US$ 34 million to US$ 35 million. Total WVAS revenues were $98.24 million, total mobile games revenues were $27.30 million and total Wireless Internet revenues were $5.76 million.
eBay Inc. (NASDAQ:EBAY) climbed 1.46% over its previous day’s price and now trades at $27.19. The stock today also touched a new 52 week high at $27.20.
Zale Corporation (NYSE:ZLC) jumped 8.09% to $3.74. The stock has a 52-week range of $1.00-$8.51. So far in this year the stock went up over 29%.
ABOUT http://www.SuperHotPennyStocks.com
Super Hot Penny Stocks alerts its members through its stock newsletters so that they can invest wisely. Thousands of investors receive our daily stock alerts and have made huge gains in the penny stocks. You can also take advantage of the information provided, to be really successful in the stock market business. We also track various hot stocks of the day, top gainers,52 week high and much more. You can also feature your web link on our website by contacting us through email.
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This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
Super Hot Penny Stocks
Robert
Tel: 214 556 6798
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
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