Boston, MA 03/26/2014 (wallstreetpr) – NewLead Holdings Ltd (NASDAQ:NEWL) witnessed its shares falling 1.05 percent to $1.89 during Tuesday trading. The shares which started trading at $1.89 ended up shifting hands between $1.81 and $2.18 during the day on above average volume of shares. The $1.67 million market capped bulk shipping company has witnessed its stock falling from grace to grass in the past year. That from the 52-week high of $297, the shares are wallowing at the bottom at $1.89. But all this has been because of the trouble that bulk shipping companies have known since 2013 where contracts and shipping rates have declined. Yet, recently the sector started showing signs of life again. NewLead Holdings Ltd (NASDAQ:NEWL) is among the bulk shippers that are readying their fleet for the anticipated business windfall. The company recently issued preferred shares and obtained debt financing to increase its fleet by two eco-type vessels. About $25 million was raised through the preferred shares offering.
HD Supply Holdings Inc (NASDAQ:HDS) shares gapped up to a new 52-week high at $25.24 Tuesday after the company reported encouraging results before market. The shares closed up 8.19 percent to $24.96, on a day characterized with above average volume of shares changing hands. The company reported sales in full-year 2013 went up 6.8 percent over sales figures realized in 2012. In the fourth quarter of 2013, sales decreased by 2.3 percent against the same quarter in 2012. Net loss narrowed in the fourth quarter to $66 million, from $713 million in the same quarter of 2012, thus leading to breakeven profit at a time when analysts had predicted loss of 3 cents. HD Supply Holdings Inc (NASDAQ:HDS) CEO Joe DeAngelo observed that they were able to attain sales growth in 2013 despite the many odds faced in the year.
Neogen Corporation (NASDAQ:NEOG) reported its fiscal 2014 third quarter results Tuesday. The company announced earnings per share of 18 cents, coming in-line with consensus estimate. Earnings per share in the same quarter a year ago was 27 cents. Revenue in the just reported quarter came in at $62 million, which contrasted with consensus estimate of $60.38 million. The latest revenue was up 21.3 percent above the revenue realized in the prior year over the same duration.