Thursday, March 8, 2012
Bon-Ton Generates Buzz and Cash ( MW, CHKM, LQMT, HRB, BONT )
Stocks In News (MW, CHKM, LQMT, HRB, BONT)
The Men's Wearhouse, Inc.(NYSE:MW) shares slid 1.70% to $39.50 after the company provided lower than estimated earnings for the current quarter, while reporting less than estimated fourth quarter loss. The company had loss of $3.8 million, or 7 cents a share on revenue of $562.2 million, ahead of analysts’ estimates of a loss of 13 cents per share on revenue of $563.2 million. For the first quarter, the company projects its revenue to grow by 2% to 2.5%, implying around $592 million to $594.9 million.
Chesapeake Midstream Partners, L.P.(NYSE:CHKM) also rose 1.24% after the company reached representing a multi-year collaboration with GE (NYSE: GE) on a product and services development partnership to develop market compressed natural gas (CNG) and liquefied natural gas (LNG) transportation and natural gas home-fueling solutions.
Liquidmetal Technologies, Inc.(OTC:LQMT) shares are falling today on profit booking as the stock soared about 47% in the previous trading session as the company announced that its manufacturing operations are currently experiencing shipping commercial parts to several of its customers worldwide.
H&R Block, Inc.(NYSE:HRB) climbed 1.50% to $15.91 after the company said that its third net loss declined to $3.6 million, or 1 cent a share, from a year ago loss of $11 million, or 4 cents a share. Revenue during the quarter fell 2.5 percent to $655.7 million. Analysts were estimating profit of 9 cents a share on revenue of $722.5 million.
The Bon-Ton Stores, Inc.(NASDAQ:BONT) is one of the biggest gainers and soared 15.51% to $8.06 after the company projected that they would generate as much as $70 million of cash this year. The company said that its net income fell to $78.2 million in the fourth quarter from $85 million a year ago.
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