Wednesday, August 8, 2012

Sirius XM Radio Hits 4-Year Highs (SIRI, CSC, LGF, WG, GRPN)

Sirius XM Radio Inc (NASDAQ:SIRI) shares climbed 7.04% to $2.46. The shares of the company have touched a new 4-year high at $2.50. The company announced that it intends to offer $400 million of Senior Notes due 2022 to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended, and outside the United States in compliance with Regulation S of the Securities Act. The company intends to use the net proceeds from any such offering for general corporate purposes. 

Is It The Right Time To Buy Shares of SIRI? Get Free Trend Analysis

Yesterday, the company reported a second quarter profit of $3.1 billion, or $0.48 a share, up from $173.3 million, or $0.03 a share, a year earlier. Revenue jumped 13% to $837.5 million. Analysts had most recently forecast earnings of two cents on revenue of $834 million.

Moreover, the company expects fiscal 2012 revenue of $3.4 billion and adjusted EBITDA of approximately $900 million. Analysts are expecting the Company to report revenue of $3.38 billion and EBITDA of $958 million for fiscal 2012.

Computer Sciences Corporation (NYSE:CSC) shares soared 17.95% to $30.10 after the company posted a first-quarter net income of $40 million or $0.26 per share, from $183 million or $1.17 per share in the prior-year quarter. Revenues totaled $3.96 billion, down from $4.03 billion in the earlier year period. Analysts expected earnings per share of $0.22 on revenue of $3.89 billion for the quarter.

How Should Investors Trade CSC Now, Get Free Trend Analysis

Lions Gate Entertainment Corp. (USA) (NYSE:LGF) stock climbed 3.07% to $13.45. The company will release its financial results for the first quarter of fiscal 2013 (quarter ended June 30, 2012) after market close on Thursday, August 9, 2012. The 52 week trading range for the company is $6.17 - $16.19.
Willbros Group, Inc. (NYSE:WG) stock plunged 20.63% to $5.58 after the company posted second quarter operating income of $5.9 million, as compared to an operating loss of $10.6 million in the first quarter of 2012 and an operating income of $8.2 million in the second quarter of 2011. At June 30, 2012, the Company had $38.5 million of cash and cash equivalents and access to $25.0 million in cash under the revolver included in its Credit Facility.

Can WG Bounce Back After Today’s Slump, Find Out Here

Groupon Inc (NASDAQ:GRPN) shares fell 1.79% to $7.15. The company will unveil its latest earnings on Monday, August 13, 2012. The average estimate of analysts is for net loss of $0.02 per share.  Additionally, the shares of Groupon were cut to Neutral at Stern Agee.

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