Lakeway, TX -- (SBWIRE) -- 02/26/2013 -- 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:-
CommonWealth REIT (NYSE:CWH) shares jumped 32.81% to $21.06. The company yesterday reported fourth-quarter funds from operation or FFO available for common shareholders of $75.56 million or $0.90 per share, from $63.03 million or $0.75 per shares in the year ago quarter. Normalized funds from operations, or Normalized FFO, available for common shareholders for the quarter was $68.7 million, or $0.82 per share. Analysts expected the company to report earnings of $0.86 per share for the quarter. Net loss for the quarter was $163.9 million or $1.96 per share, as compared to net income of $1.1 million or $0.01 per share for the same quarter last year. Rental income for the quarter rose to $264.69 million from $233.53 million in the prior year quarter. Analysts had consensus revenue estimate of $263.56 million for the quarter.
How Should Investors Trade CWH After The Recent Movement? Find Out Here
Titan International Inc (NYSE:TWI) stock fell 12.18% to $21.92 after the company yesterday reported fourth-quarter net loss of $3.5 million or $0.07 per share, compared to net income of $14.5 million or $0.29 per share in the year-ago period. Adjusted net income for the fourth quarter was $4.1 million or $0.09 per share, compared to $18.7 million or $0.37 per share in the comparable quarter last year. Sales for latest fourth quarter rose to $493.64 million from $402.92 million in the prior year quarter. Analysts expected the company to earn $0.47 per share on revenue of $560.08 million for the fourth quarter.
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Affymax, Inc. (NASDAQ:AFFY) shares gained 3.31% to $2.50. Affymax and Takeda Pharmaceutical announced yesterday that they have decided to voluntarily recall all lots of OMONTYS Injection to the user level, as a result of new postmarketing reports regarding serious hypersensitivity reactions, including anaphylaxis.
Additionally, JMP Securities lowered shares of AFFY from an outperform rating to an underperform rating in a research report released yesterday. JMP Securities currently has $2.50 price target on the stock.
Is AFFY a Buying Opportunity After The Recent Plunge? Don’t Miss Out Our Latest Report Here
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