Market News Call

Hot Stocks Alert: GT Advanced Technologies Inc (NASDAQ:GTAT), Molycorp Inc. (NYSE:MCP), DryShips Inc. (NASDAQ:DRYS)

New York, NY — (MARKET NEWS CALL) — 3/04/2014– GT Advanced Technologies Inc(NASDAQ:GTAT)’s shares increased 4.95% to $15.04. The company on Mar. 3 announced that it is unable to file its Form 10-K for the fiscal year ended December 31, 2013 in a timely manner because it has not yet completed its internal review of a potential decrease in current tax liability. The company expects resolution of this issue will have no impact on its guidance and financial results previously reported on February 24, 2014. Securities and Exchange Commission rules permit an extension to file until March 18.

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Additionally, the company on Feb. 24 reported results for the fourth quarter and fiscal year 2013, which ended December 31, 2013. Revenue for the fourth quarter came in at $32.6 million. This compares to revenue in the third quarter of $40.3 million and $102.3 million in the fourth quarter of fiscal 2012. At the end of the fourth quarter, the balance sheet had cash, cash equivalents and restricted cash of $593.0 million and debt of $283.9 million.

Molycorp Inc. (NYSE:MCP)’s shares gained 0.57% to $5.25. The company on Mar. 3 announced financial and operating results for the fourth quarter and full year 2013. The Company reported consolidated net revenues of $123.8 million, a 17% decrease over the third quarter of 2013. The company reported a loss attributable to common stockholders of $197.2 million, or $0.95 per share. Adjusted loss per share of $0.28 in the fourth quarter of 2013 does not reflect impairment charges for goodwill and other intangible assets, out-of-ordinary business expenses, and certain other non-cash items.

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DryShips Inc. (NASDAQ:DRYS)’s shares closed at $3.68. The company on Feb. 18 announced its unaudited financial and operating results for the fourth quarter ended December 31, 2013. For the fourth quarter of 2013, the Company reported a net loss of $24.4 million, or $0.06 basic and diluted loss per share. The Company reported Adjusted EBITDA of $163.7 million for the fourth quarter of 2013, as compared to $109.5 million for the fourth quarter of 2012. For the year ended December 31, 2013, the Company reported a net loss of $223.1 million, or $0.58 basic and diluted loss per share.

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