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Los Angelas, CA -- (SBWIRE) -- 03/11/2013 -- Dick's Sporting Goods Inc. (NYSE:DKS) said Monday that its fiscal fourth quarter profit rose to $129.7 million, or $1.03 a share, from $111.1 million, or 88 cents, a year earlier. The most recent quarter's result was at the low end of the company's prior guidance of $1.03 to 1.05 a share. Sales increased 12% to $1.8 billion, helped by a 1.2% gain in same store sales. The company forecast profit of 47 cents to 49 cents a share in the first quarter and $2.84 to $2.86 a share for this year. Analysts were looking for profit of $1.06 a share in the fourth quarter, 50 cents a share in the first and $2.93 a share for this year, according to FactSet. The sporting goods retailer's shares dropped 10.49%.
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Cliffs Natural Resources Inc. (NYSE:CLF) slipped 3.11% to $23.98 on a traded volume of 2.23 million shares. Cliffs Natural Resources has been reiterated by TheStreet Ratings as a hold with a ratings score of C-. Cliffs Natural Resources Inc. is an international mining and natural resources company. The Company is an iron ore producer and a producer of metallurgical coal.
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J.C. Penney Company, Inc. (NYSE:JCP) went down 1.79% to $14.84 on a traded volume of 5.55 million shares. The Company has recently laid off about 2,200 employees at 100 of its stores and district offices. Penney last week reported sales had fallen 25% in the first year of Chief Executive Ron Johnson’s strategy of refashioning Penney stores into collections of branded boutiques and getting rid of hundreds of sales events and coupons.
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Valero Energy Corporation (NYSE:VLO) shares plunged US$1.01 (or 2.17%) to US$45.50 with about 11.34 million shares exchanged hands for the session, compared to its average volume of 10.38 million shares. Pennystocksinsiders.com found company CEO, William R. Klesse, sold about 46,175 shares at price of US$48.29 on March 4.
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