Lakeway, TX -- (SBWIRE) -- 02/27/2013 -- 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:-
Macy's, Inc. (NYSE:M) stock gained 2.78% to $39.59. The company yesterday posted fiscal fourth-quarter profit of $730 million, or $1.83 a share, from $745 million, or $1.74, a year earlier. Sales rose 7.2% to $9.35 billion from $8.72 billion. Comparable store sales rose 3.9%, helped by a 48% surge in online sales. Adjusted earnings were $2.05 a share. Analysts were looking for profit of $1.99 a share.
How Should Investors Trade M After The Recent Movement? Find Out Here
Agnico-Eagle Mines Limited (USA) (NYSE:AEM) shares climbed 2.77% to $41.92. AEM’s stock was upgraded by analysts at Salman Partners from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Feb. 19.
The company, on Feb. 13, announced that for fiscal 2013 it expects payable gold production to be within the range of 970,000 ounces to 1,010,000 ounces. Total cash costs per ounce in 2013 are expected to be in the range of $700 to $750.
The company also announced that its Board of Directors has approved the payment of a quarterly cash dividend up 10% of $0.22 per common share. The next dividend will be paid on March 15, 2013 to shareholders of record as of March 1, 2013.
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The Geo Group, Inc. (NYSE:GEO) shares climbed 2.67% and closed at $34.26. The company, on Feb. 21, announced that for fiscal 2013, it expects adjusted funds from operations (AFFO) to be in a range of $2.78-$2.92 per diluted share, on a GAAP basis, income from continuing operations to be in a range of $1.70-$1.80 per diluted share, revenues in a range of $1.51-$1.55 billion, net operating income in a range of $410-$420 million and adjusted EBITDA in a range of $320-$330 million. Analysts were expecting the Company to report adjusted funds from operation of $2.34, revenue of $1.65 billion, EBITDA of $326 million for fiscal 2013.
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