Gainers In Focus: Arch Coal Inc, Rovi Corporation, Northern Tier Energy LP, ABB Ltd
Pompano Beach, FL – February 15, 2013 (MESHPRESS) – TopStockPlays.com provides daily trading ideas and e-learning on host of small, mid cap stocks to free subscribers. It issues unbiased technical and fundamental reports to provide the best return.
Arch Coal Inc (NYSE:ACI) shares gained 4.93% to $6.17 after the company declared a quarterly dividend on Thursday, February 14th. Investors of record on Friday, March 1st will be given a dividend of $0.03 per share on Friday, March 15th. This represents a $0.12 dividend on an annualized basis and a yield of 1.94%.
Additionally, the company, on Feb. 6, reported a net loss of $295 million, or $1.39 per diluted share, for the fourth quarter of 2012. Adjusted fourth quarter net loss was $89 million, or $0.42 per diluted share. In the fourth quarter of 2011, Arch reported adjusted net income of $62 million, or $0.29 per diluted share. Revenues totaled $968 million and adjusted earnings before interest, taxes, depreciation, depletion and amortization (“EBITDA”) was $71 million for the three months ended Dec. 31, 2012.
Will ACI Bounce Back After yesterday’s Sharp Sell off? Find Out Here
Rovi Corporation (NASDAQ:ROVI) shares jumped 4.93% and closed at $18.10 in the last trading session after Credit Agricole increased their price target on shares of Rovi from $17.00 to $18.00 in a research note issued yesterday.
Additionally, the company reported fourth quarter GAAP revenue of $157.0 million, compared to $174.3 million in the fourth quarter of 2011. Fourth quarter 2012 GAAP net income was $2.1 million, compared to a GAAP net loss of $49.3 million for the fourth quarter of 2011. On a non-GAAP basis, fourth quarter Adjusted Pro Forma Income was $47.9 million, compared to $70.6 million in the fourth quarter of 2011, and Adjusted Pro Forma Income Per Common Share was $0.48, compared to $0.65 in the fourth quarter of 2011.
Is it the Right to Grab ROVI after the Recent Slump? Get Free Trend Analysis Here
Northern Tier Energy LP (NYSE:NTI) shares climbed 4.86% and closed at $30.45. The company, on Feb. 11, announced the declaration of a cash distribution of $1.27 per common unit for the fourth quarter of 2012. The distribution will be paid on February 28, 2013 to holders of record as of February 21, 2013. This will be the second cash distribution paid by Northern Tier Energy since its initial public offering in July 2012 and will result in cumulative cash distributions since the initial public offering of $2.75 per common unit.
How Should Investors Trade NTI Now? Don’t Miss Out A Special Trend Analysis
ABB Ltd (ADR) (NYSE:ABB) shares gained 4.77% and closed at $22.64. The company recently announced that it has won a contract worth about USD 40 million to extend the export terminal of the eni refinery in Taranto, located in the Mar Grande bay on the Ionian Sea in southern Italy. The order was booked in the fourth quarter 2012. The contract is part of eni’s plan to improve the refinery infrastructure and to ensure a reliable connection with the onshore Tempa Rossa oil plant. The plan includes the extension of an existing pier. ABB will be responsible for the engineering, procurement and construction (EPC) of the new installation, including project management and pre-commissioning.
Will ABB Reach The Bottom After Yesterday’s Correction? Find Out Here
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