Lakeway, NY -- (SBWIRE) -- 02/04/2013 -- 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:-
Herbalife Ltd. (NYSE:HLF) stock dropped 9.04% to $31.90 in the pre-market hour after the New York Post reported the company was the subject of a law-enforcement probe and the target of multiple complaints filed with the Federal Trade Commission. Herbalife, which hedge fund manager Bill Ackman has said uses inflated pricing, misleading sales information and a complicated incentive structure to hide a pyramid scheme, is the subject of a law-enforcement investigation, the New York Post reported today, citing documents it received from the FTC. The Post also said the FTC provided 729 pages of complaints against the company in response to a Freedom of Information Law request.
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SYSCO Corporation (NYSE:SYY) stock fell 0.03% to $32.08 in the pre-market hour after the company today posted second quarter net earnings of $221.37 million or $0.38 per share from $250.11 million or $0.43 per share in the same quarter last year. Adjusting quarterly adjusted earnings per share were $0.40. Sales for the quarter rose 5% to $10.80 billion from $10.24 billion in the same period last year. Analysts expected the company to report earnings per share of $0.41 on revenue estimate of $10.70 billion.
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Yum! Brands, Inc. (NYSE:YUM) shares declined 0.08% to $65.88 in pre-market hour after Pomerantz Grossman Hufford Dahlstrom & Gross LLP, on Feb. 1, filed a class action lawsuit against Yum! Brands, and certain of its officers. The class action filed, in United States District Court, for the Central District of California, and docketed under SACV13-173-AG, is on behalf of a class consisting of all persons or entities who purchased or otherwise acquired securities of Yum between October 9, 2012 and January 7, 2013, both dates inclusives.
Moreover, the company will announce its fourth quarter results on Tuesday, February 5, 2013 with the conference call at 9:15 a.m. ET. Wall Street anticipates that YUM will earn $0.82 for the quarter.
Additionally, equities research analysts at Morgan Stanley decreased their price target on shares of Yum! Brands to $72.00 in a research note issued to investors on Jan. 28.
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Zynga Inc (NASDAQ:ZNGA) will report its fourth quarter earnings after the market close on Tuesday, February 5. A report from Wedbush, expects revenue of $275 million against the consensus of $212 million, bookings of $214 million against the implied guidance of $204. On EBITDA report, they predicted $(7.2) million compared to implied guidance of $(16) to (6) million.
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Sony Corporation (ADR) (NYSE:SNE) stock gained 3.77% to $15.70 in the pre-market hour trading. The company’s Xperia Z has generated a lot of buzz and shoppers are eager to know as to when the product will hit the shelves and be available for sale so that they can start queuing in front of the stores. Recent news reports suggest that February 9 might be the date, at least inJapan, when shoppers will be able to purchase the smartphone.
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