Las Vegas, NV -- (SBWIRE) -- 01/17/2013 -- PennyStockParlay.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-
Citigroup Inc (NYSE:C) decreased 2.87% in the pre-market trading hours to $41.25. The Company posted fourth quarter EPS of $0.69, however the analyst estimated earnings of $1.04. Revenue was $18.7 billion versus the consensus estimate of $18.82 billion. Citigroup deposits increased 7% to $931 billion. Citicorp Loans soared 7% to $540 billion.
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Forum Energy Technologies Inc (NYSE:FET) slipped 2.18% to $26.0 in the pre-market trading hours. The Company expects full year 2012 earnings per diluted share of $1.72 to $1.74, below the company's previous guidance range of $1.83 to $1.88.
In addition, the Company is scheduled a conference call to discuss its fourth quarter 2012 financial results on February 15, 2013.
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Rio Tinto plc (ADR) (NYSE:RIO) declined 0.73% to $54.63 in the pre-market trading hours. The chief executive and another senior executive are leaving immediately after the Company announced a $14 billion write-down from its aluminum business and an acquisition of a coal company in Mozambique. CEO Tom Albanese and Doug Ritchie, who led the Mozambique acquisition are resigning by mutual consent but would stay on until July 16 to assist with the transition.
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K Swiss Inc (NASDAQ:KSWS) among the gainers and the stock jumped up 47.96% to $4.72 in the pre-market.E.Land World will acquire all the outstanding common stock of K Swiss for $4.75 per share in cash or a total transaction value of approximately $170 million. Under the terms of the agreement, K Swiss stockholders will receive $4.75 in cash for each outstanding Class A and Class B share. The merger is expected to close during the second quarter of 2013.
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CBS Corporation (NYSE:CBS) climbed up 9.52% to $37.94 in the pre-market trading hours. The Company is planning to convert part of its billboard division into a real estate investment trust. The Company intends to change its billboard business in the Americas, which includes Canada, Latin America and South America, into a publicly traded trust known as a REIT.
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