Lakeway, NY -- (SBWIRE) -- 03/14/2013 -- ThePennyStockProfiler.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:-
Sarepta Therapeutics Inc (NASDAQ:SRPT) shares climbed 1.48% to $31.07. The company, on Mar. 7, reported a fourth quarter net loss of $62.1 million or $2.36 per share, compared to a net loss of $1.4 million or $0.06 per share for the year-ago quarter. Analysts expected the company to report a loss of $0.29 per share on revenue of $6.71 million for the fourth quarter. Revenue for the fourth quarter fell to $7.3 million from the $13.6 million a year ago.
How Should Investors Trade SRPT After The Recent Price movement? Find out Here
Tyson Foods, Inc. (NYSE:TSN) shares jumped 1.47% and closed at $24.21. The company, on Feb. 26, said it maintains a positive outlook for the fiscal year 2013, despite a challenging second quarter. Looking ahead, the company expects full-year top-line sales growth in a range of 3 percent to 4 percent, with value-added sales growth in the order of 6% to 8%. Sales from international production are expected to grow in a range of 12% to 16%.
Is TSN a Strong Buying Opportunity After The Recent Slump? Find out Here
Northrop Grumman Corporation(NYSE:NOC) shares jumped 1.43% and closed at $67.18. On Mar. 12, the U.S. Navy announced it awarded Northrop Grumman Corp. a $71.6 million contract to produce the next generation of Fire Scout unmanned helicopters, assembled in Moss Point. In addition, Louisiana Gov. Bobby Jindal announced Lockheed Martin Corp. will invest $3 million and create 166 new jobs to build tanks for liquefied natural gas at the Michoud Assembly plant in New Orleans, where the space shuttle tanks were built. The initial 88-foot-long tanks will be used to fuel ships and transport fuel.
Is NOC a Buy After The Latest Price Action? Find Out Here
Pitney Bowes Inc. (NYSE:PBI) shares jumped 1.50% and closed at $14.88. Sidoti started coverage on shares of PBI in a research note issued on Mar. 11. The firm set a “buy” rating and a $19.00 price target on the stock.
Additionally, Fitch Ratings on Feb. 27 has assigned a 'BBB-' rating to Pitney Bowes Inc.'s (Pitney Bowes) proposed offering of retail notes due 2043. Note proceeds will be primarily used to fund the tender offers.
Is PBI a Strong Buying Opportunity After The Recent Slump? Find out Here
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