Stocks in News: Krispy Kreme Doughnuts, Jacobs Engineering Group Inc, iStar Financial Inc, Best Buy Co

Lakeway, TX -- (SBWIRE) -- 03/06/2013 -- 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:-

Krispy Kreme Doughnuts (NYSE:KKD) shares jumped 3.63% and closed at $14.56. The company plans to release its financial results for the fourth quarter and fiscal year ended February 3, 2013 on Thursday, March 14, 2013, shortly after the market closes. The Company plans to host a conference call to review the results and management's outlook for fiscal 2014 at 4:30 p.m. (ET) that day.

Additionally, the company this week announced that it has entered into an agreement with Huan Hsin Co., Ltd. for the development of 10 Krispy Kreme franchise locations in Taiwan over the next five years.

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Jacobs Engineering Group Inc NYSE:JEC) shares jumped 3.60% and closed at $50.03 in the last trading session after the company yesterday announced that it has been selected by the Shell Company of Australia Ltd. for its Clyde Terminal Conversion Project in Sydney, Australia. Officials did not disclose the contract value, but noted that the work is being performed from Jacobs' Australian operations in Melbourne and Sydney.

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iStar Financial Inc. (NYSE:SFI) shares climbed 3.56% and closed at $10.47. The company, last week, reported results for the fourth quarter and fiscal year ended December 31, 2012. The company reported fourth quarter net income (loss) of ($87.4) million, or ($1.04) per diluted common share, compared to ($35.2) million, or ($0.43) per diluted common share, for the fourth quarter 2011. Adjusted income (loss) for the fourth quarter was ($23.2) million, compared to $18.9 million for the fourth quarter 2011.

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Best Buy Co., Inc.(NYSE:BBY) shares climbed 3.55% to $18.40. The company, on Mar. 1, posted fiscal fourth- quarter adjusted profit that topped analysts’ estimates and said the retailer will focus on continuing its turnaround after failing to receive a takeover offer from its founder. The fourth-quarter net loss narrowed to $409 million, or $1.21 a share, from a loss of $1.82 billion, or $5.17, a year earlier. Sales rose 0.2 percent to $16.7 billion, topping analysts’ average estimate of $16.3 billion and snapping a streak of two quarterly declines.

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