Yum! Brands Inc. (NYSE: YUM) said that its profit in the fiscal first quarter fell 26% as its top line was adversely impacted due to declining sales in China.
Month: April 2013
DuPont Tops Q1 Estimates, Maintains Earnings Outlook on Q2 (DD)
Chemical giant, DuPont (NYSE: DD) said on Tuesday that fiscal first quarter’s net income jumped more than two times, as revenue was bolstered by strong demand for its protection crops and drought resilient seeds. The U.S. suffered one of the worst summers last year which increased the demand for drought resistant seeds, which DuPont develops.
Continue reading DuPont Tops Q1 Estimates, Maintains Earnings Outlook on Q2 (DD)
Major Movers on April 23; NFLX, COH, CZR, LXK, VCO, SANM
Shares of Netflix Inc. (NASDAQ: NFLX) soared about 22% in early trade after the movie streaming and DVD rental company, late last evening reported stronger-than-expected fiscal first quarter results as revenue was bolstered by stunning growth in US subscribers’ base.
Continue reading Major Movers on April 23; NFLX, COH, CZR, LXK, VCO, SANM
Micro-Caps on Watch; AMR Corp. (AAMRQ), Cereplast Inc. (CERP), Inova Technologies Inc. (INVA)
Shares of AMR Corp. (PINK: AAMRQ), the parent company of American Airlines, are climbing in trading today. At last check, AAMRQ shares were trading 5.99% higher at $3.89 on volume of 5.47 million. The stock hit an intra-day high of $3.90 earlier today.
Swift Transportation Beats Q1 Estimates (SWFT)
Swift Transportation Co. (NYSE: SWFT) said late last evening that its net income in the fiscal first quarter jumped more than three times as revenue improved across all segments while favorable comparables (fewer debt extinguishment charges compared to year earlier quarter) and slight decline in fuel prices also boosted the bottom line.
Continue reading Swift Transportation Beats Q1 Estimates (SWFT)
Major Movers on April 22; NFLX, BIIB, SIX, NVR, HAL
Shares movie streaming and DVD rental Company Netflix Inc. (NASDAQ: NFLX) climbed about 5.60% by afternoon trade after analysts at at B. Riley & Co upgraded the stock from “sell” to “buy” rating, and boosted the price target on the stock to $165 from $90. Earlier on April 15, another equity research firm BS AG initiated the coverage of the stock with a “buy” rating and set a price target of $250.0 a share.
Continue reading Major Movers on April 22; NFLX, BIIB, SIX, NVR, HAL
Halliburton Tops Estimates, Shares Gain (HAL)
Oilfield services provider, Halliburton Company (NYSE: HAL) said on Monday that it swung into fiscal first-quarter loss as it set aside a big onetime $637 million litigation charges, linked to the Deepwater Horizon disaster.
Continue reading Halliburton Tops Estimates, Shares Gain (HAL)
Walgreen Director Buys 83,299 Shares (WAG)
Walgreen Company (NYSE: WAG) director, Stefano Pessina, recently bought 83,299 shares of WAG common stock at $48.62 per share, according to a SEC filing. Pessina made a total investment of $4.05 million.
Micro-Caps on the Move; Sunvalley Solar Inc. (SSOL), Bravada International Ltd. (BRAV), Lot78 Inc. (LOTE)
Shares of Sunvalley Solar Inc. (PINK: SSOL), operating as a solar power technology and system integration company, are seeing a huge rally in trading today. At last check, SSOL shares were trading 128.99% higher at $0.0158 on above average volume of 24.41 million. The stock touched an intra-day high of $0.02 earlier today.
Major Movers on April 19; RH, VRTX, IBM, ACTG, MSFT, EFII
Restoration Hardware Holdings Inc. (NYSE: RH) skyrocketed about 20% by midday trading after the home furnisher, late last evening reported very strong fiscal fourth quarter results and provided upbeat guidance on the fiscal first quarter and full-year. The Company reported earnings of 64 cents a share, while analysts’ consensus estimate was for earnings of 60 cents a share, according to a data compiled by Thomson Reuters. Net revenue surged about 30% to $398.05 million in the fiscal fourth quarter from $305.24 million, in the same quarter of last year. Analysts’ consensus forecast was for revenue of $390.86 million. Same-store-sales soared 26%. For the fiscal first quarter, the Company expects revenue growth 28% to 31%. For the full fiscal year, it expects revenue growth of 19% to 22%.
Continue reading Major Movers on April 19; RH, VRTX, IBM, ACTG, MSFT, EFII