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
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