Mastercard Inc (NYSE:MA) Approves New Buyback Plan - CNC, DO, MA, COV

Lakeway, TX -- (SBWIRE) -- 02/06/2013 -- Bestdamnpennystocks, 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:-

Centene Corp (NYSE:CNC) Q4: net profit plunges 70% to $9.1M even though revs jumped 59%, with the bottom line suffering from the earlier-than-usual flu season in the U.S., as well because of a weak performance by Centene's Medicaid contracts in Texas and Kentucky. Membership +41% to 2.56M, health benefits ratio 91.3% vs 85.9%, cost of flu $0.30 higher in 2011. Reiterates FY guidance for EPS of $2.60-2.90 vs consensus of $2.70, and forecasts revenues of $9.7-10B vs $10.32B.

How Should Investors Trade CNC After The Latest Earnings Report? Find Out Here

Diamond Offshore Drilling, Inc. (NYSE:DO) Q4 results: Lower day rates offset improved utilization of ultra-deepwater and midwater floaters. Ultra-deepwater day rates fell 2.2% while utilization rose to 89% from 70% Y/Y. For deep-water floaters, day rates dropped 12% while utilization fell to 85% from 97%. Day rates for midwater floaters fell 1.1%, with utilization rising to 70% from 60%.

Is DO a Buy After The Solid Earnings? Get Free Trend Analysis Here

Mastercard Inc (NYSE:MA) approves a new $2B share repurchase program. The new buyback will become effective at the completion of its current $1.5B program which still has $440M outstanding. In addition, the company doubled its quarterly dividend payout to $0.60 a share.

How Should Investors Trade BCS After The Recent Movement? Find Out Here

Covidien plc (NYSE:COV)’s pharmaceuticals business, which it's spinning off under the name Mallinckrodt, will apply to list its shares on the NYSE and will trade with the ticker symbol MNK. Covidien expects to complete the process in the middle of the year. Mallinckrodt generated sales of $2B in 2012.

Get Latest News, Updates and Reports For Free On COV Here

About bestdamnpennystocks.com
Best Damn Penny Stocks’ team is engaged in providing stock newsletters on various hot penny stocks on a regular basis. Our instant stock news on Major Gainers, small cap penny stocks and various other stocks, guides investors in making the wise stock market investments decision. In order to get update to the markets, we would advise you sign up to our free newsletters. You can become leader in stock market by keeping track of the daily activity.

Disclaimer
The assembled information disseminated by Bestdamnpennystocks.com is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Bestdamnpennystocks.com does expect that investors will buy and sell securities based on information assembled and presented in Bestdamnpennystocks.com. PLEASE always do your own due diligence, and consult your financial advisor.