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:-
Pinnacle Entertainment, Inc (NYSE:PNK) shares fell 6.42% to $13.99 in the early hour. PNK’s stock was downgraded by equities research analysts at Raymond James from a “strong-buy” rating to a “market perform” rating in a research note issued to investors on Feb. 14.
Additionally, the company also reported that 2012 full year revenues increased $55.9 million or 4.9% year over year to a record $1,197.1 million, and Consolidated Adjusted EBITDA increased $33.0 million or 13.1% year over year to a record $285.2 million. Adjusted income per share was $0.03 in the 2012 fourth quarter versus $0.25 in the prior year period and a record $0.99 in the full year 2012 versus $0.69 in the prior year period. GAAP net loss per share was $0.72 in the 2012 fourth quarter versus income per share of $0.40 in the prior year period.
How Should Investors Trade PNK After The Latest Earnings Report? Find Out Here
Pacific Ethanol Inc (NASDAQ:PEIX) shares decreased 3.93% to $0.381. The company, on Feb. 11, filed a registration with the U.S. SEC to sell, from time to time, up to 33 million shares of its Common Stock by Selling Shareholders. The total includes 7,369,714 shares of common stock issuable, at the Company's election, in payment of interest under the terms of its senior unsecured notes, or Notes, and 25,630,286 shares of our common stock issuable upon exercise of our warrants, or Warrants.
Is PEIX a Buy After The Solid Earnings? Get Free Trend Analysis Here
EnCana Corporation (USA) (NYSE:ECA) shares declined 5.24% to $18.45 in the morning hour. The company today finished the year ahead of 2012 guidance as the company reported annual cash flow of $3.5 billion, or $4.80 per share, and $997 million in operating earnings, or $1.35 per share. In the fourth quarter of 2012 the company generated cash flow of $809 million, or $1.10 per share, and operating earnings of $296 million, or $0.40 per share.
How Should Investors Trade ECA After The Recent Movement? Find Out Here
ARMOUR Residential REIT, Inc. (NYSE:ARR) shares decreased 4.94% to $6.74. The company yesterday announced the preliminary estimated results and selected financial data provided below for the quarter ended December 31, 2012 and as of December 31, 2012. The Company expects to report taxable REIT income per share for the quarter and year ended December 31, 2012 in an amount that approximates dividends paid of $0.27 and $1.20 per share, respectively, for such periods.
Get Latest News, Updates and Reports For Free On ARR Here
National Bank of Greece (ADR) (NYSE:NBG) shares dropped 3.57% to $1.35 after the company yesterday said it would cut up to 2,000 jobs, or about 15% of its workforce, to generate savings from its acquisition of smaller rival Eurobank . The cuts will target employees that are close to retirement and will be carried out on a voluntary basis, the bank said. They will be completed by March and will only affect National Bank employees, said a bank executive who declined to be named.
How Should Investors Trade NBG After The Latest Earnings Report? Find Out Here
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