Lakeway, NY -- (SBWIRE) -- 03/14/2013 -- 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:-
MeadWestvaco Corp.(NYSE:MWV) shares jumped 1.14% and closed at $37.18. The company, on mar. 13, announced that its Avive® multiple-medication patient adherence solution received the Compliance Package of the Year award from the Healthcare Compliance Packaging Council (HCPC). Patient adherence to prescribed medication regimens is a global challenge, and research shows that approximately half of all patients across the globe do not take their medicines as directed.
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Archer Daniels Midland Company(NYSE:ADM) shares gained 1.14% to $32.93 in the last trading session after ADM‘s stock had its “market perform” rating reiterated by investment analysts at BMO Capital Markets in a note issued to investors on Mar. 13. They currently have a $32.00 target price on the stock.
Additionally, the company posted its quarterly earnings results on Tuesday, February 5th. The company reported $0.60 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.58 by $0.02. The company had revenue of $24.90 billion for the quarter, compared to the consensus estimate of $23.67 billion.
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Marvell Technology Group Ltd. (NASDAQ:MRVL) stock increased 1.13% to $10.70. The company will begin trading ex-dividend on March 12, 2013. A cash dividend payment of $0.06 per share is scheduled to be paid on April 04, 2013. Shareholders who purchased MRVL stock prior to the ex-dividend date are eligible for the cash dividend payment.
Additionally, the company, on Feb. 21, reported a fiscal fourth-quarter profit of $50 million, or 9 cents a share, on $775 million in revenue. During the same period a year ago, Marvell earned $81 million, or 13 cents a share, on revenue of $743 million. Adjusted earnings were $104 million, or 19 cents a share. Analysts had forecast Marvell to earn 13 cents a share on sales of $721 million.
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