Lakeway, TX -- (SBWIRE) -- 02/27/2013 -- 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:-
RadioShack Corporation (NYSE:RSH) went up 0.33% and closed at $3.06. The company announced fourth quarter results. Total net sales and operating revenue were $1.3 billion compared to $1.4 billion in the prior year period. Comparable store sales were down 7% driven by a decline in the mobility and consumer electronics platforms. Consolidated gross profit was $447 million, or 34% of net sales compared with $482 million last year or 35% of net sales. The net loss was $63 million or $0.63 per diluted share in the fourth quarter.
How Should Investors Trade RSH After The Solid Jump? Let’s Find Out Here
United Natural Foods, Inc. (NASDAQ:UNFI) decreased 4.81% and closed at $50.45. The Company reported net sales for the second quarter of fiscal 2013 ended January 26, 2013 of $1.45 billion versus $1.29 billion in net sales recorded in the second quarter of fiscal 2012. Gross margin was 16.7% for the second quarter of fiscal 2013. Total operating expenses were 14.0% as a percentage of net sales for the second quarter of fiscal 2013. The net income for the second quarter of fiscal 2013 increased 2.8% to $22.6 million, or $0.46 per diluted share.
Is UNFI Ready To Jump Again After The Solid Momentum? Get Free Trend Analysis Here
United Natural Foods, Inc. (NASDAQ:UNFI) shares dropped 4.81% and closed at $50.45 after the company yesterday posted second quarter net income of $22.62 million or $0.46 per share from $22.01 million or $0.45 per share in the previous year. Analysts expected earnings per share of $0.50 for the quarter. Quarterly net sales increased 12.3 percent to $1.45 billion, which also came in line with analysts' estimates.
Is UNFI Buy After The Recent Price Movement? Find Out Here
Meru Networks, Inc. (NASDAQ:MERU) shares climbed 6.34% to $4.39 after the company yesterday said that it commenced a public offering of its common stock. The company expects to grant the underwriter a 30-day option to purchase up to an additional 15% of the shares of common stock offered in the public offering solely to cover overallotments, if any. The offering is subject to market conditions and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. William Blair & Company, L.L.C. is acting as the sole underwriter.
Is MERU Buy After The Recent Price Movement? Find Out Here
vb-news.net’s team is engaged in providing stock newsletters on various hot penny stocks on a regular basis. Our instant stock news on Major Gainers, small cap penny stocks and various other stocks, guides investors in making the wise stock market investments decision. In order to get update to the markets, we would advise you sign up to our free newsletters. You can become leader in stock market by keeping track of the daily activity.
The assembled information disseminated by vb-news.net is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. vb-news.net does expect that investors will buy and sell securities based on information assembled and presented in vb-news.net. PLEASE always do your own due diligence, and consult your financial advisor.
Copyright © 2005-2013 - SBWire, The Small Business Newswire - All Rights Reserved - Important Disclaimer
Contact Us: 888-4-SBWIRE (US) - 920-321-1250 (International)