Modern Market Information for Business On: 4 Shares Going on the News (ZQK, PAY, CRUS, SLB)

New York, NY -- (SBWIRE) -- 12/14/2012 -- Quiksilver, Inc. (NYSE:ZQK) shares fell 14% to $3.50. Moody’s Investors Service cut his credit-rating on the outlook of its shares to “Stable” from “Positive”, indication of current negative operating trends at the sports outfitter.

Additionally, the company reported fourth-quarter net income of $4 million or $0.02 per share, sharply down from $68 million or $0.38 per share last year. Adjusted earnings for the quarter were $13 million or $0.07 per share, compared with $8 million or $0.05 per share a year ago. Analysts on consensus expected earnings of $0.10 per share for the quarter. Sales for the quarter grew 3% to $559 million from $545 million last year. Analysts on consensus estimated revenues of $563.91 million for the quarter.

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VeriFone Systems Inc (NYSE:PAY) inventory dropped 9.45% to $30 after the organization revealed 4th 1 / 4 modified EPS of $0.76, as in comparison to $0.53 a season ago. The agreement calculate was for EPS of $0.76. The organization desires to review first 1 / 4 modified EPS of $0.70 to $0.73 and between $3.25 and $3.30 for the 12 months 2013. The agreement reports are for EPS of $0.75 and $3.28.

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Cirrus Logic Inc. (NASDAQ:CRUS) stocks reduced 5.87% and shut at $27.41. Analysis experts at Feltl & Co. decreased their focus on cost on stocks of Cirrus Reasoning to $34.00 in a review launched last month. Furthermore, experts at Capstone started protection on stocks of Cirrus Reasoning in a study observe to traders on Nov 6. They set a “buy” ranking and a $40.00 cost focus on on the inventory.

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Schlumberger Ltd. (NYSE:SLB) is down over 2 percent to $71.00. The company announced that Europe/CIS/Africa Area is experiencing continued contractual delays combined with higher than usual seasonal slow-down in activity. The company also noted that its North America activity is weaker than anticipated on land in the US and Western Canada. The company estimates the combined earnings impact to be in the range of $0.05 to $0.07 per share.

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