Boston, MA 03/27/2014 (wallstreetpr) – Wednesday turned out to be a great day for eMagin Corporation (NYSEMKT:EMAN), with shares jumping through the regular session into the post-market trading, lack of company specific news notwithstanding. Shares of the company rose 6.99 percent to settle at $2.45, and the post-market session witnessed 13.47 percent gain, adding $0.33 to the stock to hit $2.78. Early this month EMAN reported its fourth quarter financial results, announcing $6.1 million revenue for the fourth quarter of 2013, contrasting with $8.3 million revenue in the fourth quarter of 2012. The company ended up suffering net loss of $8.7 million due to some charges, which contrasted with net income of $1.8 million in Q4.12. In the current year, eMagin Corporation (NYSEMKT:EMAN) guided revenue of $37.75 million.
Five Below Inc (NASDAQ:FIVE) surprised and encouraged at the same time when the discount retailer reported its fourth quarter results. Despite the brutal winter weather, the company exceeded earnings expectations. And as if that was not enough, the management went on to issue earnings estimate that flew past the projection of analysts. FIVE expects to report EPS in the range of $0.86 – $0.89 in the current fiscal year, a range which flies far above the $0.66 EPS estimation by analysts. Sales in the quarter were up 22 percent despite of the downtrodden weather. The results were surprising considering that the company had warned about its profit in December, a move that sent shares tumbling down from their historic high price levels. From Janny, Five Below Inc (NASDAQ:FIVE) now carries a “buy” recommendation and from Goldman Sachs (NYSE:GS), the stock had its price objective adjusted upwards to $47 from $45. Shares closed at $42.34, up 11.42 percent.
Yongye International, Inc (NASDAQ:YONG): News emerged Wednesday that Full Alliance International which is salivating to acquire YONG had increased its buyout offer. In the latest submission, Full Alliance stated that it was willing to pay $7 for every share of YONG. Previously the offer was $6.69 per share, but shareholders deemed it too little to accept. It is hoped that the new offer might see the light of the day when shareholders are called to approve it. Shares of Yongye International, Inc (NASDAQ:YONG) were up 13.33 percent to close at $6.80 during trading Wednesday. Looking at the previous closing, the increased buyout offer implies $0.20 upside.
