Lakeway, NY -- (SBWIRE) -- 03/01/2013 -- ThePennyStockProfiler.com, 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:-
Deckers Outdoor Corp (NASDAQ:DECK) posts a decline of 23% in its fourth quarter results.
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The last quarter had net income of $98.0 million from $127.2 million in the year ago quarter.
Earnings slid by 13% to $2.77 but topped Thomson Reuters expectation of $2.61 per share for the quarter which excludes special items sending its share up by 1 cents or 0.02% to close at $40.41 on Thursday. In the after-hours the stock took a surge by $2.99 or 7.40% to $43.40.
Net sales increased 2% to $617.26 but fell short of analyst consensus of $623.02 million for the quarter.
For the first quarter the company anticipates earnings of $0.12 per share and analyst expect earnings of $0.06 per share on revenues of $257.23 million.
For the fiscal year 2013 the company expects 5% jump in earnings per share from 2012 levels. Analysts expect the company to report earnings of $3.34 per share on revenues of $1.42 billion for fiscal 2013.
The company repurchased 932 thousand common shares for an average of $38.64 per share.
DiamondRock Hospitality Company (NYSE:DRH) announces its fourth fiscal quarter and full year ended December 31, 2012 and also declared a 6% increase to its quarterly dividend commencing with the first quarter 2013.
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In the year 2012 the company completed acquisition of five hotels for approximately $525 million and sold four non-core hotels for $300 million. The Company declared four quarterly dividends totaling $0.32 per share during 2012 and returned approximately $56 million to shareholders.
For the last quarter the company earned Pro Forma Revenue of $267.8 million, an increase of 6.6% from the comparable period in 2011. Pro Forma RevPAR was $138.24 up by 3.9%. Adjusted EBITDA was $72.3 million. Adjusted FFO was $56.5 million and Adjusted FFO per diluted share was $0.29. The Company declared a quarterly dividend of $0.08 per share during the fourth quarter.
For the fiscal year the company earned Pro Forma Revenue of $802.4 million, an increase of 7.2% from the comparable period in 2011. Pro Forma RevPAR was $134.36 up by 5.3%. Adjusted EBITDA was $189.7 million. Adjusted FFO was $140.2 million and Adjusted FFO per diluted share was $0.78.
Robert Tanenbaum will join the Company on April 1, 2013 and will be appointed as Chief Operating Officer and Executive Vice President, Asset Management no later than May 1, 2013. Mr. Tanenbaum will lead the Company's asset management efforts and will report directly to Mark W. Brugger, President and Chief Executive Officer.
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