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Mitek Systems Inc. (NASDAQ:MITK) shares plummet following its fiscal second quarter earnings per share loss of 11 cents, vs. a 2 cents consensus. The problem is said to be a dispute with the bank tech supplier’s customer USAA, in which a large portion of its top line was forfeited. Mitek is fighting the claim in court, with any new developments so far unreported.
KIT digital, Inc. (NASDAQ:KITD) plans to release its full quarterly earnings statement on May 15th, and also detail its cash and debt positions for the rest of 2012.
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United Online, Inc. (NASDAQ:UNTD) shares slide despite its first quarter profit figure exceeding consensus on in-line revenue. However, Benchmark’s lowering of the price target from $7 to $6.50 seems to have spooked investors, but now shares are yielding 9.7 percent on a newly-reiterated dividend payout.
Chesapeake Energy Corporation (NYSE:CHK): A new proposal on regulations for fracking on Federal lands, could be released as soon as Thursday by the U.S. Department of the Interior, according to the chief of the American Petroleum Institute, who advised The Hill of the situation on Wednesday. Bloomberg noted that a recent draft of the new regs suggests that the companies involved will be allowed to complete their fracking processes, before divulging the specific chemicals used.
Research In Motion Limited (NASDAQ:RIMM) is staying committed to its focus on keyboards, in spite of rumors that it would abandon the use of physical keyboards in future BlackBerry models. Its new line of smartphones, which will be released later in 2012, will include both touchscreens and keypads.
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