NEW YORK, February 07, 2013 – Cereplast, Inc. (OTCQB: CERP) shares climbed 13.02% to $0.0521 after the company, this week, generated approximately $300,000 in new revenue during the last two weeks of January 2013. These orders received are in addition to the $500,000 of new revenue that was announced on January 23, 2013. The Italian Application Decree, which mandates that companies discontinue the use of traditional plastic bags in favor of bioplastic bags or other alternatives, continues to drive demand for the Cereplast Compostables(R) blown film grades.
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Akamai Technologies, Inc. (NASDAQ: AKAM) shares fell 16.16% to $34.85 after the company yesterday posted fourth-quarter GAAP net income of $68.3 million, or $0.38 per share, compared to GAAP net income of $60.1 million, or $0.33 per share in the year ago quarter. The company generated normalized net income of $98.1 million, or $0.54 per share, in the fourth quarter of 2012. Analysts expected the company to report earnings of $0.50 per share. Revenue for the latest fourth quarter was $377.87 million, up 17 percent from $323.74 million last year, while analysts had a consensus revenue estimate of $381.32 million for the quarter.
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Atmel Corporation (NASDAQ: ATML) shares declined 13.73% to $6.15 after the company today announced that Steve Laub, President and Chief Executive Officer, will present at the 2013 Goldman Sachs Technology and Internet Conference on Thursday, February 14 at the Palace Hotel in San Francisco at 9:00 a.m. Pacific Time (12:00 p.m. Eastern Time).
Additionally, the company yesterday announced that for first quarter of 2013, it expects revenue to be in the range of $311-$328 million. Analysts are expecting the Company to report revenue of $328 million for first quarter of 2013.
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Ann Inc (NYSE: ANN) stock dropped 8.02% to $30.22 after the company said total company net sales for the fourth quarter of 2012 are now expected to be $608 million, reflecting a comparable sales decline of 1 percent. Ann had previously projected total net sales to be about $625 million for the quarter, reflecting mid-single digit comparable sales growth. Analysts expect revenues of $624.32 million for the quarter. Total net sales for fiscal 2012 are now expected to be $2.376 billion, reflecting a total company comparable sales increase of 3 percent. Analysts expect sales of $2.39 billion.
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Bunge Limited (NYSE: BG) shares declined 7.60% to $73.35 after the company reported a net loss of $610 million, or $4.17 per share, in the quarter ended December 31, compared with a profit of $245 million, or $1.65 per share, a year earlier. Adjusted earnings were 57 cents per share, below analysts' estimates of $2.36 per share. Revenue rose 9 percent to $17.04 billion.
Additionally, the company also announced that Alberto Weisser will retire as Chief Executive Officer (CEO) effective June 1, 2013. The Board of Directors has appointed Soren Schroder, currently CEO of Bunge North America, to succeed Mr. Weisser as CEO of the Company, and expects Mr. Schroder to become a director before June 1. The Board also appointed Mr. Weisser as Executive Chairman, serving until December 31, 2013.
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