Lakeway, TX -- (SBWIRE) -- 02/14/2013 -- 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:-
ABB Ltd (ADR) (NYSE:ABB) shares gained 2.37% and closed at $21.61. The company recently announced that it has won a contract worth about USD 40 million to extend the export terminal of the eni refinery in Taranto, located in the Mar Grande bay on the Ionian Sea in southern Italy. The order was booked in the fourth quarter 2012. The contract is part of eni’s plan to improve the refinery infrastructure and to ensure a reliable connection with the onshore Tempa Rossa oil plant. The plan includes the extension of an existing pier. ABB will be responsible for the engineering, procurement and construction (EPC) of the new installation, including project management and pre-commissioning.
How Should Investors Trade ABB After The Latest Earnings Report? Find Out Here
Garmin Ltd. (NASDAQ:GRMN) shares jumped 2.34% and closed at $38.56 in the last trading session. Garmin International Inc., a unit of Garmin Ltd. yesterday announced the GRA 5500, a high-performance, all-digital radar altimeter for transport category, helicopter, business and general aviation aircraft. Using patent-pending digital signal processing technology, the GRA 5500 works to provide smooth altitude tracking resulting in a consistent and highly accurate altitude above ground indication, even over the most challenging environments like rough terrain, tree canopies, sand and choppy water.
Is GRMN a Buy After The Solid Earnings? Get Free Trend Analysis Here
Manitowoc Company, Inc. (NYSE:MTW) shares increased 2.31% and closed at $19.45. The company, on Jan. 31, reported fourth-quarter net earnings of $34.5 million, or $0.26 per share, compared to $14.9 million, or $0.11 per share, in the comparable quarter last year. Adjusted earnings from continuing operations were $35.4 million, or $0.27 per share. Net sales for the quarter were $1.13 billion, up from $1.03 billion in the prior year period. Analysts expected the company to report earnings of $0.24 per share on revenue estimate of $1.09 billion for the quarter.
Additionally, MTW‘s stock had its “outperform” rating reaffirmed by research analysts at BMO Capital Markets in a report released on Feb. 4. They currently have a $23.00 target price on the stock, up from their previous target price of $18.00.
How Should Investors Trade MTW After The Recent Movement? Find Out Here
Warner Chilcott Plc (NASDAQ:WCRX) shares climbed 2.29% and closed at $14.31. The company, on Feb. 8, said it expects its 2013 earnings to fall short of current consensus estimates as sales of its osteoporosis drug Actonel continue to weaken. The company estimated 2013 adjusted earnings at $3.20 to $3.30 a share on revenue of between $2.3 billion and $2.4 billion, while analysts were expecting $3.59 a share and revenue of $2.38 billion.
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