Lakeway, TX -- (SBWIRE) -- 02/20/2013 -- 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:-
Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR.A) shares jumped 3.12% and closed at $18.53 in the last trading session. The company, on Feb. 6, expects 2013 to be a difficult year, as it pursues a turnaround strategy that still needs time to show concrete results, the firm's chief executive told analysts and reporters. At stake is the company's ability to stick to production goals while simultaneously undertaking one of the most ambitious investment projects in the global oil industry, a program that will require $237 billion of spending over the next five years.
How Should Investors Trade PBR.A After The Latest Earnings Report? Find Out Here
Cameco Corporation (USA) (NYSE:CCJ) shares gained 3.10% to $22.28. The company, on Feb. 8, announced that it expect consolidated revenue to be up to 5% higher in fiscal 2013. The Company reported revenue of CAD2.321 billion in fiscal 2012. Analysts on an average are expecting the Company to report revenue of CAD2.350 for fiscal 2013.
Is CCJ a Buy After The Solid Earnings? Get Free Trend Analysis Here
Cimarex Energy Co. (NYSE:XEC) shares climbed 3.08% and closed at $66.95 after the company yesterday reported fourth quarter net income of $99.15 million, down from $116.86 million last year. On a per share basis, the firm posted earnings of $1.14 versus $1.36 last year. Analysts estimated earnings per share of $1.01 for the period. The company posted revenue of $440.86 million, up from $430.27 million last year and consensus estimate of $430.23 million.
How Should Investors Trade XEC After The Recent Movement? Find Out Here
Burger King Worldwide Inc (NYSE:BKW) shares gained 3.05% to $17.89. The company said fourth-quarter net income nearly doubled to $48.6 million, or 14 cents per share. Adjusted basis, Burger King earned 23 cents per share. Analysts on average were expecting profit of 15 cents per share. Revenue fell 30 percent to $404.5 million, but beat analysts' estimates of $375.31 million. Excluding the impact of unfavorable foreign exchange rates and sales of restaurants to franchisees, the company said revenue grew 5.6 percent. Overall sales at established restaurants increased an expected 2.7%, helped by a 3.7% gain at U.S. and Canadian restaurants open at least 13 month.
Get Latest News, Updates and Reports For Free On BKW Here
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