GE Earnings Reports Rise In Net Income - Micro-Cap Stock Weekly Review: VuMee Inc. USA Graphite, AMR Corp, Zippy Bags
LONDON, January 18, 2013 /PRNewswire/ --
General Electric Co reported net income which rose 8 percent in the fourth quarter as earnings at all of the conglomerate's industrial segments improved due to growth in emerging markets. GE, based in Fairfield, Conn., reported net income of $4 billion on revenue of $39.3 billion for the quarter. Last year in the same quarter the company earned $3.7 billion on sales of $38 billion. Earnings per share also increased.
AMR Corp (OTC: AAMRQ) seems to have slowed down in terms of price performance and volume over the last few days with the speculation and hype surrounding the company calms somewhat. AMR Corp did announce that they are moving forward with a new look for the brand and are changing their logo for the first time in 40 years. Shares of AAMRQ were flat in early trading on just over $1 million.
Vumee Inc. (OTC: VUME) ticked higher once more on Wall Street today with shares climbing an additional 6% on the OTCQB market. VUME has been steadily trading higher all week after a big surge in shares initially. We will be following the name into next week to see if VUME can build on current prices.
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USA Graphite (OTC: USGT) continued on with high volume right from the opening bell this morning on Wall Street. Shares however were trading flat on Friday in early trading right around 0.85 cents per share.
Zippy Bags (OTC: ZPPB) also traded heavily into Friday as it has done all week, however the price of the stock was lower in trading on the OTC markets. ZPPB was lower by 13% on a quarter million traded in the first half hour on the street today.
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