Lakeway, TX -- (SBWIRE) -- 02/21/2013 -- 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:-
Garmin Ltd. (NASDAQ:GRMN) stock dropped 9.43% to $35.54 after the company yesterday reported a fourth quarter profit of $129.3 million, or 66 cents a share, down from $165.6 million, or 85 cents a share, a year earlier. Adjusted earnings were down at 68 cents from 96 cents. Revenue decreased 16% to $768.5 million. Analysts most recently projected earnings of 73 cents on revenue of $833 million.
Additionally, the company announced that its Board of Directors authorized the Company to repurchase up to $300 million of the Company’s shares as market and business conditions warrant through December 31, 2014.
Is GRMN after A Solid Pop Up? Find Out Here
Newfield Exploration Co. (NYSE:NFX) shares fell 9.34% to $24.75. The company yesterday reported fourth-quarter net loss of $33 million or $0.24 per share, compared with net income of $269 million or $2.00 per share last year. Analysts expected earnings of $0.43 per share for the quarter. Revenues for the quarter were $646 million, compared with $677 million a year ago. Analysts on consensus estimated revenues of $642.73 million.
Will NFX Continue To Trend Higher After The Recent Gain? Find Out Here
Toll Brothers Inc (NYSE:TOL) stock fell 9.05% to $33.56 after the company yesterday reported a first quarter profit of $4.4 million, or three cents a share, versus a loss of $2.8 million, or two cents a share, a year earlier. Revenue rose 32% to $424.6 million. Analysts expected earnings of 10 cents a share on $502 million in revenue.
Is TOL a Buy Opportunity After The Recent Slump? Find Out Here
Sandstorm Gold Ltd. Ordinary Shares (Canada) (NYSEAMEX:SAND) shares fell 8.59% to $9.16 in the last trading session. The 52 week trading range for the company is $7.41 - $15.43. The shares of the company gained 24% in the last one year.
Is SAND Still a Buy After The Recent momentum? Find Out Here
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