Ford Motor Company (F) Reports 23% Increase in U.S. May Sales

Ford Motor Company (NYSE: F) today reported a 23% year-over-year increase in U.S. May sales. With this the Dearborn, Michigan-based company has continued the trend of strong sales and market share gains. In May, Ford, Lincoln and Mercury dealers delivered 192,253 new vehicles. This is the sixth consecutive month in which Ford sales have increased more than 20%. Year-to-date the company’s sales are up 31%.

Ford’s retail sales were up 19% in May. The company gained retail market share 19^th time in the last 20 months. Fleet sales saw an increase of 32%. The company is benefiting from high-quality vehicles, which are fuel-efficient and also deliver industry-leading levels of safety as well as smart design and value. Read the rest of this entry »

DUSA Pharmaceuticals Inc. ($DUSA) Up on Q1 Results

Shares of DUSA Pharmaceuticals, Inc. (NASDAQ: $DUSA) jumped more than 15% in today’s trading. The small-cap stock reached a high of $2.54 in today’s trading; at last check, shares were up 14.37% to $2.46, with volume up from daily average of 99,000 to 164,000.Wilmington, Massachusetts-based DUSA Pharmaceuticals is a vertically integrated dermatology company developing and marketing photodynamic therapy and other products for common skin conditions.

DUSA Pharmaceuticals reported its first-quarter results earlier today, reporting a year-over-year increase of 33% in first-quarter domestic Kerastick revenue and a year-over-year 27% increase in domestic PDT revenue. Total product revenue stood at $8.7 million, up 22%. The company reported a GAAP net loss of $0.4 million, which is down 74% from the previous year. The company’s first-quarter results show significant improvement compared with the same period last year. DUSA Pharmaceuticals president and CEO Robert Doman highlighted that the company managed to generate positive cash flow for a second consecutive quarter. Read the rest of this entry »

NN Inc. ($NNBR) Surges Following First-Quarter Results

Shares of NN Inc. (NASDAQ: NNBR) surged more than 15% in today’s mid-day trading. Johnson City, Tennessee-based NN operates in three different business segments, which include the metal bearings component segment, the plastic and rubber component segment, and the precious metal component segment. The small-cap stock reached a high of $7.50 today, and by mid-day was up 4.92% to $6.83, with volume up from daily average of 47,000 to 61,472.

The company today reported its first-quarter results, posting an increase of 47.3% in its first-quarter revenue, which stood at $85.3 million. The company benefited from an increase in demand for its products in industrial and automotive markets. It reported a net income per diluted share of $0.01. In the same period last year, the company reported a loss per share of $0.59 per share. The company’s improved results are largely a result of a recovery in the global economy. Read the rest of this entry »

Newcastle Investment Corp. ($NCT) Spikes 15% on Quarterly Results

Shares of Newcastle Investment Corp. (NYSE: NCT) surged more than 15% in today’s trading. New York City-based Newcastle Investment Corp. is a real estate related investment and finance company. The small-cap stock reached a high of $3.74 in today’s trading.

Newcastle today announced its first-quarter results, posting net income attributable to common shareholders at $180.2 million, or $3.36 per diluted share. In the same period last year, the company reported a loss of $242.2 million. In the first quarter, the company settled an offer to exchange its common stock and cash for a total of 1,152,679 of its Series B Preferred Stock, 1,104,000 shares of its Series C Preferred Stock and 1,380,000 shares of its Series D Preferred Stock. On settlement of the “Exchange Offer,” the company issued 9,091,698 of its common stock and also paid $16 million in cash. Read the rest of this entry »

MOP Environmental Solutions ($MOPN) Skyrockets after Designation as “Resource” to Assist in Cleaning Gulf Oil Spill

Shares of MOP Environmental Solutions (PINK: $MOPN) soared more than 150% in today’s morning trading. New Hampshire-based MOP promotes a patented product, MOP Maximum Oil Pick Up, which can clean up oil spills, while at the same time also recover the spilled material. The penny stock reached a high of $0.10 in today’s trading. At last check, it was up by 163.16% to $0.10, with volume up from daily average of 555,000 to 4.04 million.

The stock surged after the company received an endorsement from British Petroleum (ADR) (NYSE: $BP) and U.S. Coast Guard in cleaning up the Gulf of Mexico oil spill, which has threatened the environment with dangerous consequences. Both BP and the U.S. Coast Guard have designated the company as a “resource” to assist when needed for cleanup efforts. In the past week, the company has been working hard to respond to three separate “bid requests” for large orders of boom. Read the rest of this entry »