Orlando, FL -- (SBWIRE) -- 10/23/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Panera Bread Co (NASDAQ:PNRA), AK Steel Holding Corporation (NYSE:AKS).
Panera Bread Co (NASDAQ:PNRA) shares declined 0.20% to $162.44. The company on Oct. 22 reported net income of $43 million, or $1.48 per diluted share, for the fiscal third quarter ended September 24, 2013. The third quarter fiscal 2013 results compare to net income of $37 million, or $1.24 per diluted share, for the fiscal third quarter ended September 25, 2012, and represent a 19% year-over-year increase in diluted earnings per share.
The third quarter fiscal 2013 results include the impact of favorable tax-related adjustments of $3.8 million, or $0.13 per diluted share. Excluding these adjustments, diluted earnings per share was $1.35 for the thirteen weeks ended September 24, 2013, up 9% versus the comparable period in fiscal 2012.
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AK Steel Holding Corporation (NYSE:AKS) shares declined 1.97% to $3.98. The company on Oct. 22 reported its financial results for the third quarter of 2013. The company reported a net loss of $31.7 million, or $0.23 per diluted share of common stock, for the third quarter ended September 30, 2013, compared to a net loss of $60.9 million, or $0.55 per diluted share, for the third quarter of 2012 and a net loss of $40.4 million, or $0.30 per diluted share, for the second quarter of 2013.
Additionally, UBS Investment Research analyst Matt Murphy downgraded the rating on AK Steel Holding on Oct. 22 from Neutral to Sell, but raised the price target from $3.00 to $3.50.
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