NEW YORK, April 25, 2013 -Bestdarnpennystocks.com, one of the leaders in providing investment alerts on U.S. stocks are announcing Investment Highlights on Cliffs Natural Resources Inc, Fusion-IO, ConocoPhillips, Zynga Inc.
Cliffs Natural Resources Inc(NYSE:CLF) shares jumped 12.35% to $20.43. The company, on April 24, said its first-quarter profit fell 74% as the mining company reported weaker global iron-ore sales that weighed on
revenue, along with significantly lower income-tax benefits.
Is CLF A Strong Buy? Text "Trades" To 99158 For A Free CLF Mobile APP Report! For Your CLF Report You May Also Click Here http://www.bestdarnpennystocks.com/google/s/2/?code=CLF (OR Just copy and paste)
The company reported a profit of $97.1 million, or 66 cents a share, down from $375.8 million, or $2.63 a share, a year earlier. Adjusted per-share earnings slid to 60 cents from 89 cents a year earlier. Revenue declined 5.9% to $1.14 billion. Analysts had forecast earnings of 34 cents a share on revenue of $1.2 billion.
Additionally, Research analysts at FBR Capital Markets dropped their target price on shares of Cliffs Natural from $33.00 to $28.00 in a report released on April 22. The firm currently has a “market perform” rating on the stock.
Fusion-IO, Inc.(NYSE:FIO) shares increased 18.28% and closed at $19.66. The company, on April 24, said its third quarter net loss widened to $20.05 million or $0.21 per share from $4.68 million or $0.05 per share in the
year-ago period. Adjusted net loss for the quarter was $3.17 million or $0.03 per share, compared to adjusted net income of $6.92 million or $0.06 per share in the year-ago period. Analysts expected the company to report loss of $0.07 per share for the quarter. Revenue for the quarter declined 7 percent to $87.65 million from $94.24 million in the same period last year. Analysts had a consensus revenue estimate of $80.48 million.
Is FIO A Strong Buy? Text "Trades" To 99158 For A Free FIO Mobile APP Report! For Your FIO Report You May Also Click Here http://www.bestdarnpennystocks.com/google/s/2/?code=FIO (OR Just copy and paste)
Additionally, FIO’s stock had its “neutral” rating restated by equities researchers at Dougherty & Co in a report issued on April 22. They currently have a $18.00 target price on the stock.
ConocoPhillips (NYSE:COP) shares declined 0.24% to $58.12 in the morning hour. The company on April 25 said its first-quarter earnings fell 27% the exploration and production company reported lower revenue amid the
spinoff of its refining and marketing arm in 2012 and as the year-earlier period benefited from $950 million in asset sale gains.
Is COP A Strong Buy? Text "Trades" To 99158 For A Free COP Mobile APP Report! For Your COP Report You May Also Click Here http://www.bestdarnpennystocks.com/google/s/2/?code=COP (OR Just copy and paste)
The company reported a first quarter profit of $2.14 billion, or $1.73 a share, down from $2.94 billion, or $2.27 a share, a year earlier. Adjusted earnings from continuing operations were up at $1.42 from $1.38. Revenue decreased 8.9% to $14.65 billion. Analysts most recently projected earnings of $1.41 on revenue of $13.57 billion.
Zynga Inc(NASDAQ:ZNGA) shares declined 8.93% to $3.05. The company on April 25 posted first-quarter net income of $4.13 million, as compared with a loss of $85.4 million a year earlier. During the quarter. Sales fell 18 percent to $263.6 million in the first quarter, compared with analysts’ average projection of $263.9 million.
Is ZNGA A Strong Buy? Text "Trades" To 99158 For A Free ZNGA Mobile APP Report! For Your ZNGA Report You May Also Click Here http://www.bestdarnpennystocks.com/google/s/2/?code=ZNGA (OR Just copy and paste)
Looking forward, the company forecasted a second-quarter loss, excluding certain items, of 3 cents to 4 cents a share. Analysts on average had predicted a loss of 1 cent.
About bestdarnpennystocks.com
bestdarnpennystocks.com’s team is engaged in providing stock newsletters on various hot penny stocks on a regular basis. Our instant stock news on Major Gainers, small cap penny stocks and various other stocks, guides investors in making the wise stock market investments decision. In order to get update to the markets, we would advise you sign up to our free newsletters. You can become leader in stock market by keeping track of the daily activity.
Disclaimer
The assembled information disseminated by bestdarnpennystocks.com is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. bestdarnpennystocks.com does expect that investors will buy and sell securities based on information assembled and presented in bestdarnpennystocks.com. PLEASE always do your own due diligence, and consult your financial advisor.
Contacts:
bestdarnpennystocks.com
1419 Westwood Blvd Los Angeles, CA
90024-4911
[email protected]