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Los Angelas, CA -- (SBWIRE) -- 03/01/2013 -- Best Buy Co., Inc.(NYSE:BBY) shares jumped 1.89% to $16.77 after the company today posted fiscal fourth- quarter adjusted profit that topped analysts’ estimates and said the retailer will focus on continuing its turnaround after failing to receive a takeover offer from its founder. The fourth-quarter net loss narrowed to $409 million, or $1.21 a share, from a loss of $1.82 billion, or $5.17, a year earlier. Sales rose 0.2 percent to $16.7 billion, topping analysts’ average estimate of $16.3 billion and snapping a streak of two quarterly declines.
What Should Investors Do With BBY Now? Find Out Here
Pengrowth Energy Corp (USA)(NYSE:PGH) shares jumped 7.99% to $4.46. The Company, on Feb. 13, announced that its March 15, 2013 cash dividend will be CAD0.04 per common share. The ex-dividend date is Feb.21, 2013. The dividend will be payable to all shareholders who hold Pengrowth shares at the close of business on the record date of February 25, 2013.
Is PGH Showing Any Sign of Buy At The Current Market Price? Find Out Here
Sauer-Danfoss Inc. (NYSE:SHS) stock jumped 8.44% to $58.69. Danish industrial group Danfoss A/S will buy the 24.4% of Sauer-Danfoss Inc it does not already own after increasing its bid to value the U.S. company at $2.83 billion. Danfoss increased its offer to $58.50 per share from $49 bid in November. A Sauer-Danfoss special committee, which was formed after the initial bid, approved the new offer unanimously.
How Should Investors Trade SHS After The Recent Volatile Moves? Find Out Here
DCP Midstream Partners, LP (NYSE:DPM) added 2.12% and is trading at $41.49. DCP Midstream Partners, LP is engaged in the business of gathering, compressing, treating, processing, transporting, storing and selling natural gas; transporting, storing and selling propane in wholesale markets, and producing, fractionating, transporting, storing and selling natural gas liquids (NGLs) and condensate. Its operations are organized into three business segments: Natural Gas Services, Wholesale Propane Logistics and NGL Logistics.
Can DPM Extend Gain? If Yes, How Far It Can Go? Find Out Here
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