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New York, NY -- (SBWIRE) -- 01/17/2013 -- Nu Skin Enterprises Inc (NYSE:NUS) went down 1.02% and closed at $42.50.The Company raised the fourth quarter guidance. The Company expects fourth quarter 2012 revenue of approximately $588 million. Earnings per share are estimated to be from $0.94 to $0.96 for the fourth quarter of 2012. However, analysts on an average were expecting the Company to report revenue of $532 million and EPS of $0.83 for the fourth quarter of 2012.
How Should Investors React To NUS Now? Find Out Here
CBS Corporation (NYSE:CBS) announced a pair of strategic initiatives regarding its CBS Outdoor operating segment, which is comprised of two businesses -- one in the Americas and the other in Europe and Asia.For the Outdoor Americas division, the Company has begun the process of converting the business into a real estate investment trust (REIT). For its Outdoor operations in Europe and Asia, the Company will pursue a divestiture of the business, which will be presented as a discontinued operation as of December 31, 2012.
As part of CBS's plan to convert its Outdoor Americas division into a REIT, the Company will submit a request for a private letter ruling from the Internal Revenue Service during the first quarter of 2013. If the ruling is granted, the Company could complete the REIT conversion in the taxable year beginning in 2014. All of these actions are subject to customary approvals.
How Should Traders Business CBS After The Latest Unpredictable Moves? Discover Out Here
K-Swiss Inc. (NASDAQ:KSWS) reported EPS of -1.277. For the Current Fiscal year, the company is expected to report EPS of -0.82. For the Next Quarter and Next Year, the company is expected to report EPS of -0.01 and -0.14 respectively. At Current Market Price, KSWS is in the distance of +48.27% from its 50-day Moving Average price of $3.1868 and +51.76% from its 200-day Moving Average price of $3.1135.
Do you think now is a good time to buy or sell KSWS? See KSWS earnings forecast report Here
DryShips Inc. (NASDAQ:DRYS) shares gained 3.06% to $2.02. On Jan. 14, DRYS, through its majority owned subsidiary, Ocean Rig UDW Inc., or Ocean Rig, of offshore deepwater drilling services, recently announced the sale, via innovation, of two of its tankers under construction at Samsung Heavy Industries, Esperona and Blanca, to a third-party buyer. Under the terms of the two Novation agreements dated December 27, 2012, the buyer assumes all rights, benefits, liabilities and obligations under both shipbuilding contracts, in exchange for cash consideration of $21.4 million (that is, $10.7 million for each vessel) paid by the Company to the Buyer.
Is DRYS Ready To Move Back To New Highs This Year? Find Out Here
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