Lakeway, TX -- (SBWIRE) -- 02/22/2013 -- vb-news.net, 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:-
Research In Motion Ltd (NASDAQ:BBRY) fell 1.01% and is trading at $13.74. The stock was downgraded Friday to a sell rating from a neutral one by MKM Partners, which cited a lower likelihood of success for the firm's latest product, the BlackBerry 10 operating system. Analysts at the firm lowered their price target for the handheld-device maker formerly known as Research In Motion from $12 to $10 over the coming 12-month period.
How Should Investors Trade BBRY After The Solid Jump? Let’s Find Out Here
Abercrombie & Fitch Co. (NYSE:ANF) declined 1.35% and is trading at $24.13 after the teen retailer gave a disappointing full-year outlook. It sees profit of $3.35 to $3.45 a share for the year, missing the average estimate of $3.67 a share of analysts surveyed by FactSet.
Is ANF Ready To Jump Again After The Solid Momentum? Get Free Trend Analysis Here
Frontline Ltd. (NYSE:FRO) went down 7.93% and is trading at $2.67. Frontline Ltd.'s fourth-quarter loss narrowed as revenue improved, but the company warned that overcapacity in the tanker market could lead to significant financial problems. Frontline reported a loss of $16.6 million, or 21 cents a share, compared with a loss of $343.7 million, or $4.41 a share, a year earlier. The most-recent quarter included a vessel impairment loss of $18.9 million and also reflects a loss on sale of assets and amortization of deferred gains.
Analysts polled by Thomson Reuters had most recently forecast a loss of 54 cents a share.
Is FRO Buy After The Recent Price Movement? Find Out Here
Charter Communications, Inc.(NASDAQ:CHTR) moved up 1.26% and is trading at $78. Charter Communications Inc.'s fourth-quarter loss narrowed as the broadband-communications operator's revenue strengthened, aided by growth in its video and commercial businesses. Charter reported a loss of $40 million, or 41 cents a share, compared with a year-earlier loss of $67 million, or 63 cents a share. Revenue rose 4.3% to $1.91 billion.
Analysts polled by Thomson Reuters most recently projected a loss of 28 cents a share on revenue of $1.91 billion.
Is CHTR Buy After The Recent Price Movement? Find Out Here
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