Hot Stocks Earnings Updates (ABVT, CAS, TRK, MTN, AEO)
Hot Stock Updates.
(EMAILWIRE.COM, March 10, 2010 ) Dallas, Tx - AboveNet, Inc. (NYSE:ABVT) fell 9% to $57.58 after the company reported that in fourth quarter it earned $206.9 million or $7.96 per share, compared to $17.3 million or $0.71 per share last year. Analysts were expecting the company to earn $0.87 per share. Analysts' estimates typically exclude special items. Quarterly revenues rose to $94.3 million from $89.8 million in the previous year. Seven analysts had a consensus revenue estimate of $93.87 million. The company sees FY10 revs of $395 - $400 million, compared to the consensus of $407.55 million.
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A.M. Castle & Co. (NYSE:CAS) fell 0.10% to $13.37 in the opening session after the company reported Q4 loss of $0.68, versus the analyst estimate of ($0.26), and a loss of $2.37 for Q408. Revenue for the quarter was $181.3 million, which compares to the estimate of $39.02 million.
Speedway Motorsports, Inc. (NYSE:TRK) fell 9% to $14.68 after it posted a quarterly profit that trailed Wall Street estimates, hurt by weak demand across all its segments, and forecast a disappointing fiscal 2010. The race-track owner said tough economic conditions severely impacted its 2009 results and expected it to continue into 2010.
Vail Resorts, Inc. (NYSE:MTN) plunged over 1% to $37.63 after its second-quarter profit missed estimates, hurt by fewer real-estate closings, and the company said it will find it "challenging" to meet the top end of its prior profit forecast.
American Eagle Outfitters (NYSE:AEO) jumped over 7.29% to $18.40 after it reported a sharply higher quarterly profit as the teen clothing retailer benefited from improving sales and fewer price markdowns during the holidays. Net income in the company's fourth quarter ended Jan. 30 was $59.3 million, or 29 cents per share, up 81.3 percent from a year-earlier $32.7 million, or 16 cents per share.
Excluding non-cash store impairment charges, the company reported a profit of 33 cents per share, in line with analysts' estimates.
Sales rose 7.3 percent to $972 million, while sales at stores open at least a year were up 5 percent. Analysts, on average, had been expecting sales of $952.3 million, according to Thomson Reuters I/B/E/S.
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You can subscribe to our Daily Stock Alerts by visiting: http://www.LiquidTycoon.com .
A.M. Castle & Co. (NYSE:CAS) fell 0.10% to $13.37 in the opening session after the company reported Q4 loss of $0.68, versus the analyst estimate of ($0.26), and a loss of $2.37 for Q408. Revenue for the quarter was $181.3 million, which compares to the estimate of $39.02 million.
Speedway Motorsports, Inc. (NYSE:TRK) fell 9% to $14.68 after it posted a quarterly profit that trailed Wall Street estimates, hurt by weak demand across all its segments, and forecast a disappointing fiscal 2010. The race-track owner said tough economic conditions severely impacted its 2009 results and expected it to continue into 2010.
Vail Resorts, Inc. (NYSE:MTN) plunged over 1% to $37.63 after its second-quarter profit missed estimates, hurt by fewer real-estate closings, and the company said it will find it "challenging" to meet the top end of its prior profit forecast.
American Eagle Outfitters (NYSE:AEO) jumped over 7.29% to $18.40 after it reported a sharply higher quarterly profit as the teen clothing retailer benefited from improving sales and fewer price markdowns during the holidays. Net income in the company's fourth quarter ended Jan. 30 was $59.3 million, or 29 cents per share, up 81.3 percent from a year-earlier $32.7 million, or 16 cents per share.
Excluding non-cash store impairment charges, the company reported a profit of 33 cents per share, in line with analysts' estimates.
Sales rose 7.3 percent to $972 million, while sales at stores open at least a year were up 5 percent. Analysts, on average, had been expecting sales of $952.3 million, according to Thomson Reuters I/B/E/S.
About http://www.LiquidTycoon.com
Liquid Tycoon provides stock news alerts for the investors. Many of our members have gained thousands of dollars using our stock market investment news. We also provide information on hot penny stocks. We send our members, stock newsletter on hot stocks , stocks in focus, technical stocks, stocks to watch etc. You can also feature your business on our website by contacting us at the email given here.
###
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Liquid Tycoon
Jim
Tel: 214 556 6798
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
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