Lakeway, TX -- (SBWIRE) -- 02/22/2013 -- 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:-
Frontline Ltd. (NYSE:FRO) decreased 7.93% to $2.67. The Company announced preliminary fourth quarter results. The net loss attributable to the Company was $16.6 million or $0.21 per share compared net loss attributable to the Company of $49.0 million and a loss per share of $0.63 for the preceding quarter. Ship operating expenses decreased by $7.4 million compared with the preceding quarter due to a decrease in running costs and a decrease in dry docking costs of $4.8 million. Interest expense, net of capitalized interest, was $23.1 million in the fourth quarter.
Is FRO after A Solid Pop Up? Find Out Here
XL Group plc. (NYSE:XL) went up 0.84% to $28.70. The Board of Directors of the Company approved a new share buyback program, authorizing the Company to buy back up to $850 million of its ordinary shares. The previous share buyback program, which had $250 million remaining, was canceled.
Will XL Continue To Trend Higher After The Recent Gain? Find Out Here
Cheniere Energy, Inc. (NYSE:LNG) went up 0.25% to $20.26. The Company reported fourth quarter net loss of $63.5 million compared to a net loss of $7.5 million for the same period in 2011. The income from operations was $19.6 million compared to income from operations of $37.0 million for the comparable period in 2011. The company estimates that the annualized distribution to common unit holders for fiscal year 2013 will be $1.70 per unit.
Is LNG a Buy Opportunity After The Recent Slump? Find Out Here
The Washington Post Company (NYSE:WPO) declined 0.30% to $411.17. The Company posted net income attributable to common shares of $131.2 million or $17.39 per share for the fiscal year ended December 31, 2012 compared to $116.2 million or $14.70 per share for the fiscal year ended December 31, 2011. Income from continuing operations attributable to common shares was $48.0 million or $6.09 per share for 2012 compared to $144.7 million or $18.30 per share for 2011. For the fourth quarter of 2012, the Company reported a net loss attributable to common shares of $45.4 million or $6.57 per share compared to net income of $61.7 million or $8.03 per share for the same period of 2011.
Is WPO Still a Buy After The Recent momentum? Find Out Here
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