On Tuesday, Following Stocks were among the “Top Losers” of U.S. Stock Market: Blonder Tongue Laboratories, (NYSEMKT:BDR), Midway Gold, (NYSEMKT:MDW), Goldfield, (NYSEMKT:GV), Vaalco Energy, (NYSE:EGY)
Blonder Tongue Laboratories, (NYSEMKT:BDR), with shares drowned -44.19%, closed at $0.96.
Midway Gold, (NYSEMKT:MDW), with shares dropped -3.03%, settled at $0.32.
Goldfield, (NYSEMKT:GV), with shares dipped -25.10%, and closed at $1.94.
Vaalco Energy, (NYSE:EGY), plummeted -21.73%, and closed at $2.45, hitting new 52-week low of $2.27.
Latest NEWS regarding these Stocks are depicted underneath:
Blonder Tongue Laboratories Inc. (NYSEMKT:BDR)
Today, Blonder Tongue Laboratories Inc. (BDR), declared its sales and results for the twelve months and fourth quarter ended December 31, 2014.
Net sales raised $1,259,000 or 4.5% to $29,129,000 for the year ended December 31, 2014 from $27,870,000 for the comparable period in 2013. Net loss for the year was $(902,000) or $(0.14) per share in 2014, contrast to $(2,822,000) or $(0.45) per share for the year ended December 31, 2013.
Net sales reduced $1,118,000 or 15.6% to $6,064,000 for the fourth quarter of 2014 from $7,182,000 for the comparable period in 2013. Net loss for the three months ended December 31, 2014 was $(672,000) or $(0.11) per share in 2014, contrast to $(992,000) or $(0.16) per share for the comparable period in 2013.
The net sales raise for the year is primarily attributed to a raise in sales of digital video headend products, analog video headend products and test equipment products offset by a decrease in sales of contract manufactured products. Sales of digital video headend products were $14,310,000 and $12,930,000, sales of analog video headend products were $7,829,000 and $5,818,000, sales of test equipment products were $452,000 and $58,000 and sales of contract manufactured products were $344,000 and $3,465,000 in 2014 and 2013, respectively.
The reduction in the net loss year over year is primarily attributed to a raise in sales and a raise in gross margin due to a more favorable product mix.
Details of the live teleconference and webcast are as follows:
Date: Monday, April 6, 2015
Time: 11:00 a.m. Eastern Time (10:00 a.m. CT, 8:00 a.m. PT)
Blonder Tongue Laboratories, Inc. operates as a technology-development and manufacturing corporation in the United States. The corporation delivers television (TV) signal encoding, transcoding, digital transport, and broadband product solutions for a range of applications.
Midway Gold Corp. (NYSEMKT:MDW)
Formerly on March 16, Midway Gold Corp. (MDW), declared financial results for the period ended December 31, 2014. These results were filed recently with the United States Securities and Exchange Commission in the Corporation’s annual report on Form 10-K and with the relevant securities regulators in Canada.
Recent Developments includes, Pan Project, Gold Rock Project and Spring Valley Project.
Midway Gold Corp. is a precious metals corporation with a vision to explore, design, build and operate gold mines in a manner accountable to all stakeholders while seeking returns for shareholders.
Goldfield Corp. (NYSEMKT:GV)
Goldfield Corp. (GV), declared its results for the year ended December 31, 2014. The Goldfield Corporation headquartered in Florida, through its auxiliaries, Power Corporation of America, Southeast Power Corporation and C and C Power Line, Inc. is a leading provider of construction services to electric utilities, with operations primarily in the southeastern and mid-Atlantic regions of the United States counting Texas.
Proceed for the year ended December 31, 2014, raised 10.3% to $98.4 million from $89.2 million in the preceding year. This raise was attributable to additional proceed from our attainment of C and C Power Line, Inc. in January 2014 and growth in our construction under master service contracts. while, Proceed for the three months ended December 31, 2014, raised 24.7% to $28.4 million from $22.8 million in the preceding year.
Revenue from ongoing operations before taxes for the year ended December 31, 2014, reduced 90.0% to $778,000 from $7.8 million in 2013. This decrease largely resulted from losses aggregating $5.0 million recognized in the fourth quarter on projects for two different utility companies in Texas. These losses were attributable to a combination of factors, counting start-up delays in material procurement and adverse weather conditions which adversely affected the allocation of labor and equipment resources. while Revenue (loss) from ongoing operations before taxes for the three months ended December 31, 2014, reduced $5.0 million to a loss of $(2.4) million from revenue of $2.6 million in the same period in 2013. This decrease was primarily due to the losses incurred in the fourth quarter of 2014 on the Texas projects discussed above.
The Goldfield Corporation is engaged in the electrical construction operation in the United States. It constructs and maintains electric utility facilities for electric utilities and industrial customers, in addition to installs fiber optic cable for fiber optic cable manufacturers, telecommunication companies, and electric utilities.
Vaalco Energy Inc. (NYSE:EGY)
Vaalco Energy Inc. (EGY), declared that the post-salt Kindele-1 well, its first exploration well on Block 5 offshore Angola, was drilled to a total vertical depth of about 1,829 meters. The objective reservoir, the Mucanzo sand formation in the Pinda Group section, was found to be water-bearing and the well is presently in the process of being plugged and abandoned.
Given the results of the well, earlier plans to drill to 2,250 meters for geologic and geophysical correlation will not be undertaken.
Steve Guidry, Chairman and CEO, commented, “We are disappointed with the outcome of this first well drilled offshore Angola. The well targeted a three-way fault closure where the fault appears to have not offered the required lateral seal. The Mucanzo target sands were present and of a very high quality. We did find non-commercial hydrocarbon shows higher in the Pinda Group, in the overlying Catambela formation, indicating we were in a proven hydrocarbon system. Overall, we remain optimistic about the additional prospects and leads, both pre- and post-salt, on the block.”
VAALCO Energy, Inc., an independent energy corporation, attains, explores for, develops, and produces crude oil and natural gas in the United States. The corporation owns producing properties and conducts exploration activities as an operator of consortiums internationally in Gabon and Angola, in addition to conducts exploration activities as a non-operator in Equatorial Guinea, West Africa.
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