Lakeway, TX -- (SBWIRE) -- 02/26/2013 -- 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:-
Abercrombie & Fitch Co. (NYSE:ANF) went down 3.61% and closed at $45.17 on a traded volume of 4.03 million shares. Recently, the Company reported fourth quarter EPS of $2.21, above the analyst estimate of $1.96. Revenue for the quarter was $1.47 billion versus the consensus estimate of $1.49 billion. The Company also announced that it has changed its method of accounting for inventory from the retail method to the cost method effective in the fourth quarter.
How Should Investors Trade ANF After The Recent Movement? Find Out Here
Grupo Televisa SAB (ADR) (NYSE:TV) slipped 3.60% and closed at $26.51 on a traded volume of 2.99 million shares. The Company reported fourth quarter net profit of 3.105 billion pesos from 2.586 billion pesos in the prior year quarter. Financing costs fell to almost 18 million pesos from nearly 1 billion pesos in the final months of 2011 due to a stronger peso that curbed dollar debts and a higher value of a stake in Broadcasting Media Partners, which controls U.S. Spanish-language broadcaster Univision. Revenue increased 8% to 19.793 billion pesos.
Is TV Strong Buy After The Recent Strong Gains? Get Free Trend Analysis Here
BRF Brasil Foods SA (ADR) (NYSE:BRFS) decreased 3.58% and closed at $21.25 on a traded volume of 1.44 million shares. So far this year, the stock is up over 1%. The 52-week range for the stock is $13.61 and $22.81. Brasil Foods SA is a Brazil-based company engaged in the food processing industry. The Company is involved in the raise, production and slaughtering of poultry, pork and beef, as well as in the processing and sale of fresh meat, processed products, milk, dairy, pasta, frozen vegetables and soybean derivatives.
Is BRFS a Buying Opportunity After The Recent Plunge? Don’t Miss Out Our Latest Report Here
Bank of America Corp (NYSE:BAC) slipped 3.58% and closed at $11.03 on a traded volume of 206.89 million shares. Bank of America Corp. hired Olivier Thiriet from Credit Suisse Group AG to head Asia-Pacific equities in Hong Kong, replacing Peter MacDonald.
How Should Investors Trade BAC After The Latest Earnings Report? Find Out Here
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