NEW YORK, April 25, 2013 -Bestdarnpennystocks.com, one of the leaders in providing investment alerts on U.S. stocks are announcing Investment Highlights on Akamai Technologies, QUALCOMM, Mpg Office Trust Inc, Exide Technologies.
Akamai Technologies, Inc.(NASDAQ:AKAM) shares gained 18.90% and closed at $42.98. The company on April 24 reported a first-quarter profit of $71.5 million, or 39 cents a share, compared with a profit of $43.2 million, or 24 cents a share, for the year-earlier period. Revenue rose to $368.05 million, from $319.45 million. Adjusted profit was 51 cents a share. Analysts were expecting the company to report a profit of 47 cents a share, on revenue of $358.04 million.
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QUALCOMM, Inc.(NASDAQ:QCOM) shares decreased 5.67% to $62.30. The company, on April 24, reported a 24% jump in revenue and a 17% gain in adjusted earnings for its second fiscal quarter.
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For the period ended March 31, the company reported net income of $1.87 billion, or $1.06 per share, compared to net income of $2.2 billion, or $1.28 per share, for the same period last year. Adjusted earnings came in at $2.07 million, or $1.17 per share, for the recent period. Revenues came in to $6.12 billion. Analysts were expecting adjusted earnings of $1.17 per share on revenue of $6.08 billion.
Mpg Office Trust Inc (NYSE:MPG) shares increased 21.35% and closed at $3.15. Brookfield Office Properties Inc. (BPO, BPO.T) on April 25 agreed to acquire MPG Office Trust for about $180 million in cash as it looks
to expand its downtown Los Angeles office portfolio. MPG says it is the largest owner and operator of Class A office properties in the Los Angeles central business district. Brookfield said it also intends to launch a cash tender
offer in early May to buy all of MPG's outstanding preferred stock at $25 a share.
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Exide Technologies (NASDAQ:XIDE) shares fell 22.39% and closed at $1.04. The company is suspending operations at its Vernon secondary lead recycling facility in compliance with an Order dated April 24, 2013 from
the California Department of Toxic Substances Control (DTSC). The DTSC alleges that the Company's underground stormwater system is not in compliance with State of California requirements and alleges the Company's furnace emissions are not meeting applicable DTSC health risk standards.
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