Earnings News Drives Stock Activity
VANCOUVER, BRITISH COLUMBIA, OCTOBER 30, 2001 (CCN Newswire via COMTEX) -- Among the wide range of North American stocks available to EquityAlert.com's news alert subscribers, a FREE service available at www.equityalert.com, was Macrovision Corporation (NASDAQ: MVSN chart, msgs), trading over 6,900,000 shares in mid-day activity after announcing that third quarter 2001 net revenues were $23.0 million, compared with $20.4 million in the third quarter of 2000, an increase of 13%.
Diluted earnings per share for the quarter was $0.12, up from $0.09 or 33% from the prior quarter a year ago. Cash and cash equivalents, short-term investments and long-term marketable securities were $224.1 million as of September 30, 2001.
MVSN volume is up over six-fold, with shares posting a 26.6% price drop in mid-day trading.
In other news, EquityAlert.com (www.equityalert.com) subscribers were alerted in real time of news that CSG Systems International, Inc. (NASDAQ: CSGS chart, msgs) reported third quarter results; earnings at $0.54 per share: up 32%; revenues of $124.4 million; up 22%.
"I am very pleased to deliver our 23rd quarter of double digit gains in revenues" commented Mr. Neal Hansen, Chairman and Chief Executive Officer, "Though we are not immune to the uncertainty that exists today in business, we continue to stay focused on our business and the things that are under our control."
Over 6,300,000 shares have changed hands in mid-day trading following the news, with the stock losing approximately 17.7%.
Alerts also included ActivCard (NASDAQ: AMAT chart, msgs), trading over 627,000 shares following news that the Company posted record revenue with 76% growth in the third quarter ended September 30, 2001. The Company also announced that On October 26, 2001, ActivCard appointed Steven Humphreys as its Chief Executive Officer and to its Board of Directors. Mr. Humphreys brings nearly 20 years of technology industry experience. He formerly served in senior level positions at SCM Microsystems, Caere Corporation and several General Electric business units. Following the news, shares have dropped more than 18.9% in mid-day trading.
For free real-time email alerts on these and other publicly traded US and Canadian stocks, and mutual funds, please visit www.EquityAlert.com.
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