Hot Stocks OF The Day (PAY, DELL, TLB, FRO, ROSG)

VeriFone Systems Inc (NYSE:PAY) shares declined 12.11% to $39.55 in the morning hour after the company’s second quarter profit fell 43% owing to higher costs and expenses that offset a 61% increase in revenue.
The company reported second quarter net income of $14.5 million or $0.13 per share, as compared to $25.2 million or $0.27 per share for the year-ago quarter. Adjusted net income was $71.4 million or $0.64 per share. Net revenue rose 61% year-over-year to $472.02 million. Analysts expected the company to earn $0.61 per share on revenue estimate of $471.82 million for the second quarter.
Dell Inc. (NASDAQ:DELL) shares gained 0.52% to $12.52 in the morning hour after the company announced that it has acquired Wyse Technology for an undisclosed amount. Wyse Technology is the global leader in cloud client computing. Financial details of the transaction have not been divulged by the two companies.
Dell, however, noted that the combination of Wyse's capabilities with its existing desktop virtualization offerings will position the company as the leader in desktop virtualization, thus enabling it to offer true end-to-end IT solutions for partners and customers.
Frontline Ltd. (USA) (NYSE:FRO) stock surged 12.05% to $5.58 in the morning hour after the company reported first-quarter 2012 net income of $7.2 million, or $0.09 per basic share, as compared to $15.47 million, or $0.20 per basic share in the year ago period. Total operating revenues fell to $167.29 million from $234.81 million in the same quarter a year earlier.
Looking ahead, the board expects the operating result in the second quarter to be better than the first quarter.
The Talbots, Inc. (NYSE:TLB) stock plunged 35.16% to $1.66 in the early hour after the company’s exclusivity deal with Sycamore Partners, which was executed on May 5, 2012 and twice extended through May 24, 2012, has expired. The company remains open to pursuing a transaction with Sycamore Partners at $3.05 per share pursuant to an acceptable merger agreement providing for an appropriate level of closing certainty and supported by firm debt and equity financing commitments.
Additionally, the company reported first-quarter income from continuing operations of $1.2 million, or $0.02 per share, as compared with last year's $0.91 million, or $0.01 per share. Adjusted income from continuing operations improved to $6.0 million, or $0.09 per share. Net sales were $275.92 million, from $301.31 million in the comparable period in 2011. Analysts expected loss per share of $0.02 on $272.54 million revenue for the quarter.
Rosetta Genomics Ltd. (USA) (NASDAQ:ROSG) stock fell 1.26% to $16.08 in the morning hour after the company entered into definitive agreements with investors to purchase an aggregate of 570,755 ordinary shares at a price of $11.50 per share in a registered direct offering. The offering is expected to close on or about May 31, 2012, subject to the satisfaction of customary closing conditions.