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Canada Business News and Press Releases
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(EMAILWIRE.COM, October 31, 2009 ) Windsor, Ontario - FreeHotPennyStocks.com, an online financial publication, provides investors timely stock market alerts. If you are interested in penny stocks that are poised to breakout sign up for our free penny stock newsletter. Each day we send out alerts on different hot penny stocks. For more FREE ALERTS SIGN UP AT http://www.freehotpennystocks.com
Newspaper publisher A. H. Belo Corporation (AHC) reported third quarter 2009 revenues of $126.9 million and a net loss of ($5.8) million, or ($0.28) per share, for the third quarter. Included in the net loss was a was a $20 million, or ($0.97) per share non-cash impairment charge and a $12 million or $0.58 per share, tax benefit.
Robert W. Decherd, chairman, president and Chief Executive Officer, said, "The year-to-year percent decline in advertising revenue eased slightly in the third quarter when compared to the first and second quarters of 2009 due to the improved performance of The Dallas Morning News. For the third quarter, A. H. Belo successfully managed costs and increased consolidated EBITDA by $6.4 million versus the second quarter of 2009 and $22.5 million versus the third quarter of 2008. We are pleased with the recent improvements in the quantity and quality of The Morning News' journalistic products and the related opportunity to increase circulation pricing.
In the last trading session, the stock closed at $3.41. The company traded as high as $4.51 on above the average trading volume.
Estee Lauder Cos Inc (EL) reported a much higher-than-expected jump in quarterly profit and raised its 2010 forecast as retailers stocked up on new products and the cosmetics maker cut back on spending.
Shares of Estee Lauder jumped 7.4 percent to $44.20 in premarket trading.
Two weeks ago, Estee Lauder said its profit for the first quarter ended on Sept. 30 would come in significantly higher than forecast and that it would raise its annual view despite a cautious take on the economy and consumer spending
Estee Lauder earned $140.7 million, or 71 cents per share, in its first quarter, up from $51.1 million, or 26 cents per share, a year earlier. In August, it had forecast a profit of 23 cents to 30 cents per share.
In the last trading session, the stock closed at $41.14. The company traded as high as $45.44 on well above the average trading volume.
Harman International Industries Inc (HAR) posted a narrower-than-expected quarterly loss as it benefited from aggressive cost-cutting initiatives and market share gains, sending its shares up 9 percent.
The audio products company, whose brands include Harman Kardon, JBL, Mark Levinson and Infinity, also returned to positive operating income, excluding non-recurring items.
"For our company, the leading financial indicators are sound and improving," Chief Executive Dinesh Paliwal said in an interview with Reuters.
In the last trading session, the stock closed at $33.00. The company was up over 20% on the news to reach a new 52 week high of $ 40.33 on well above the average trading volume.
Mettler-Toledo International Inc. (MTD) yesterday announced third quarter results for 2009. Provided below are the highlights:
• Sales in local currency declined by 12% in the quarter. Reported sales decreased 14%, which included a 2% negative currency impact.
• Net earnings per diluted share as reported (EPS) were $1.21, compared with $1.52 in the third quarter of 2008. Adjusted EPS was $1.36, a 6% decline from the prior-year amount of $1.44. Adjusted EPS is a non-GAAP measure and excludes purchased intangible amortization, discrete tax items, restructuring charges and other one-time items. A reconciliation to EPS is provided on the last page of the attached schedules.
In the last trading session, the stock closed at $93.60. The company traded as high as $99.87 on well above the average trading volume.
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