Lakeway, TX -- (SBWIRE) -- 03/01/2013 -- 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:-
Landstar System, Inc. (NASDAQ:LSTR) shares jumped 3.66% and closed at $56.29 in the last trading session. The company, on Feb. 1, said profit attributable to Landstar System, Inc. and subsidiary increased to $33.98 million or $0.73 per share from $32.63 million or $0.70 per share in the same period last year. Analysts expected the company to earn $0.67 per share for the quarter. Revenues totaled $691.26 million, up from $717.52 million last year. Analysts expected revenues of $714.36 million.
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Mylan Inc. (NASDAQ:MYL) shares gained 3.64% to $29.61 after the company, on Feb. 27, reported fourth-quarter net earnings of $162.0 million or $0.39 per share from $129.5 million or $0.30 per share last year. Adjusted earnings rose to $266.9 million or $0.65 per share. Analyst estimated earnings to be $0.64 per share. Mylan's total revenues for the quarter grew 12.5 percent to $1.72 billion from $1.53 billion last year. Analysts estimated revenues of $1.73 billion for the quarter.
Additionally, the company also announced that it has signed a definitive agreement to acquire Agila Specialties Private Limited, a developer, manufacturer and marketer of high-quality generic injectable products, from Strides Arcolab Limited (BSE: 532531, NSE: STAR) for $1.6 billion in cash.
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The Wendy's Company (NASDAQ:WEN) shares climbed 3.64% to $5.70. The company will begin trading ex-dividend on February 27, 2013. A cash dividend payment of $0.04 per share is scheduled to be paid on March 15, 2013. Shareholders who purchased WEN stock prior to the ex-dividend date are eligible for the cash dividend payment.
Additionally, the company yesterday reported fourth quarter net income of $26.39 million or $0.07 per share, sharply higher than $3.98 million or $0.01 per share in the prior-year quarter. Adjusted earnings from continuing operations were $33.63 million or $0.09 per share. Analysts expected the company to report earnings of $0.02 per share. Consolidated revenues for the quarter grew 2.4 percent to $629.88 million from $615.02 million in the same quarter last year, and topped analysts' consensus estimate of $621.97 million by a whisker.
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Cosan Limited(USA) (NYSE:CZZ) shares climbed 3.63% and closed at $20.56. Zacks Investment Research downgraded Cosan Limited (CZZ) to a Zacks Rank #5 (Strong Sell) on February 16, 2013. The company is a Brazil-based holding company primarily engaged in the distribution and commercialization of fuels. Through its subsidiary Cosan SA Industria e Comercio, the Company is active in five segments.
How Should Investors Trade CZZ After The Latest Earnings Report? Find Out Here
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