Stocks To Eyes On: Immersion Corporation (NASDAQ:IMMR), Sandstorm Gold Ltd. Ordinary Shares (Canada) (NYSEAMEX:SAND), Williams Partners L.P. (NYSE:WPZ), FEI Company (NASDAQ:FEIC)
Immersion Corporation (NASDAQ:IMMR) shares dropped 4.61% and closed at $14.27 in the last trading session. The company, on August 1, reported financial results for the second quarter ended June 30, 2013. Total revenues for the second quarter of 2013 were $10.2 million, an increase of 58% compared to $6.5 million for the second quarter of 2012. Net income for the second quarter of 2013 was $776,000, or $ 0.03 per share. This compares to a net loss of $(2.2 million), or $(0.08) per share, for the second quarter of 2012.
Sandstorm Gold Ltd. Ordinary Shares (Canada) (NYSEAMEX:SAND) shares decreased 4.55% and closed at $5.25. The company on July 31 released its unaudited results for the second quarter ended June 30, 2013. The company reported second quarter revenue of $13.4 million. Second quarter net loss stood at $17.1 million due to a non-cash impairment charge of $16.0 million on goodwill arising from the Premier Royalty Inc. (“Premier Royalty”) business combination.
Williams Partners L.P. (NYSE:WPZ) shares declined 4.53% to $49.76 in the morning hour. The company on August 2 announced that it priced a public offering of 21,500,000 common units representing limited-partner interests at $49.00 per unit. The offering is expected to close on August 7, 2013. The company also granted the underwriters a 30-day option to purchase up to an additional 3,225,000 common units. WPZ plans to use the net proceeds from the offering to repay amounts outstanding under the partnership’s commercial paper program, to fund capital expenditures and for general partnership purposes.
FEI Company (NASDAQ:FEIC) stock dropped 4.42% to $75.19. The company on August 1 reported that its second-quarter net income decreased to $30.0 million or $0.72 per share, from $30.3 million or $0.74 per share, in the second quarter of 2012. Analysts expected the company to report profit per share of $0.67 for the quarter. Revenue of $222.5 million was up slightly compared to $221.5 million in the second quarter of 2012. Analysts expected revenue of $227.40 million for the quarter.