Home » Biotech » Volume In Focus: Tesla Motors Inc, Renren Inc, Torm A/S, MoSys Inc

Tesla Motors Inc (NASDAQ:TSLA) shares climbed 3.19% to $90.50. The company on May 8 said it earned $11.2 million in the first quarter of 2013 as deliveries of Model S electric vehicles lifted the maker of luxury electric cars to a quarterly profit for the first time in its history. Revenues were $562 million, up from $30.2 million a year ago. The company reported first-quarter earnings of $11.2 million, or zero dollars or cents a share, on revenue of $562 million. Adjusted quarterly earnings were $15 million, or 12 cents a share. Analysts were expecting earnings of 4 cents a share on revenue of $500 million.

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Renren Inc(NYSE:RENN) shares fell 2.68% to $2.91. The company, on May 13, announced its unaudited financial results for the first quarter ended March 31, 2013. Total net revenues for the first quarter of 2013 were US$46.6 million, representing a 45.2% increase from the corresponding period in 2012. Net loss was US$3.1 million, compared to a net loss of US$13.6 millionin the corresponding period in 2012.

Torm A/S (ADR) (NASDAQ:TRMD) stock dropped 13.93% to $3.52. The company on May 8 announced that for the full year 2013, TORM forecasts a total positive EBITDA of between USD 80 million and USD 110 million and a loss before tax of between USD 100 million and USD 130 million. This includes the write-down of USD 5 million from the sale of five vessels as reported in announcement dated April 22, 2013. In addition, Torm expects to be operational cash flow positive after interest payment. Analysts on average are expecting the Company to report EBITDA of USD 109.33 million and pre-tax loss of USD 97.33 million for the fiscal year 2013.

MoSys Inc. (NASDAQ:MOSY) shares declined 10.66% to $4.19 in the early hour. The company on May 14 announced the pricing of an underwritten public offering of 6,500,000 shares of its common stock at a price of $4.00 per share. The company has also granted to the underwriters a 30-day option to acquire up to an additional 975,000 shares to cover overallotments in connection with the offering. After the underwriting discount and estimated offering expenses payable by the company, the company expects to receive net proceeds of approximately $24.2 million, assuming no exercise of the overallotment option. The offering is expected to close on May 17, 2013, subject to customary closing conditions.

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