Tuesday, July 17, 2012

Facebook Inc (NASDAQ:FB) Falls Another 3% - FTEK, VMW, RITT, REXX, FB, BIDU

VMware, Inc. (NYSE:VMW) stock declined 4% to $81.05 in the early hour after the stock of VMware had its “neutral” rating restated by analysts at Nomura in a research report issued to clients and investors today. The company last issued its quarterly earnings data on April 18, 2012. The company reported $0.66 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.59 by $0.07.

Fuel Tech Inc. (NASDAQ:FTEK) stock surged 17.94% to $5.39 in the morning hour after the company announced that it was awarded the air pollution control contract in its history. The $36.6 million order, placed by E.CL S.A., includes turnkey installation of Low NOx Burners (LNBs) and Over-Fire Air (OFA) systems and mill modernization for six coal-fired units. Equipment deliveries are scheduled to commence during the first quarter of 2013, with project completion occurring during the third quarter of 2014.

RiT Technologies Ltd. (NASDAQ:RITT) shares climbed 23.29% to $3.60 in the early hour after the company announced that its SMART Xlight end-to-end fiber optic cabling solution has been certified by an independent laboratory to exceed 10 Gb/s and 100Gb/s performance requirements as specified in the ANSI/TIA-568-C standard. The independent testing was performed by Intertek, across multiple channel configurations that included RiT SMART Xlight end-to-end 10G configuration, RiT SMART Xlight end-to-end 100G configuration, LC multi-mode cords, LC-MPO cassettes, MPO-MPO pre-terminated cables, LC-LC cassettes and MPO cords, in both intelligent and non-intelligent architectures.

Rex Energy Corporation (NASDAQ:REXX) shares gained 1.58% to $12.86 in the morning hour after the company said its production of oil, natural gas and natural gas liquids (NGLs) rose 78% in the second quarter but revenue fell due to weak prices. Revenue from production fell to $27.7 million from $28.38 million in the same quarter a year earlier. Production icreased to 62.5 million cubic feet equivalent per day in the quarter, with oil and natural gas liquids accounting for 26% of output.

 Facebook Inc (NASDAQ:FB) stock fell 3.11% to $27.37 in the early hour after a report from Capstone Investments said users fell over the past six months. Additionally, investors are concern that the company’s earnings report next week will point to slowing sales growth. The company will report second- quarter sales of $1.16 billion, according to analysts’ estimates. Shares of FB were ended lower by over 9% in yesterday’s session.

Baidu.com, Inc. (ADR) (NASDAQ:BIDU) stock fell 4.53% to $102.50 in the morning hour due to certain not so optimistic comments on the economy from Premier Wen Jiabao. On Saturday, Wen Jiabao had explained that the economic rebound was not yet stable and that the economy may have to go through the crisis for further coming periods.

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