Trex Co. Beats Analyst Expectations; Netflix Inks Deal with Comcast


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NYSE:TREX / NASDAQ:NFLX / OTC:BB:VEND
02/25/2014 [ACCESSWIRE]

Trex Co. Inc. (NYSE: TREX) – For an in-depth report on Trex Co. Inc. follow: www.BullTrends.com/stockquote/TREX

Shares of Trex Co. closed up 20.73% on Monday with about 1.4 million shares traded. The stock was one of the biggest gainers on the NYSE and hit a new high of $86.85 during intra-day trading. The company reported fourth quarter results that smashed analysts' expectations and also announced a stock split. Trex reported earnings of 23 cents a share, 17 cents greater than the Capital IQ consensus estimate of 6 cents a share. Revenue also increased 38.1% year over year to $63.8 million, which surpassed analysts' expectations of $50.48 million; however, Trex issued first-quarter revenue guidance of $115 million, less than the consensus estimate of $128.45 million.

Netflix, Inc. (NASDAQ: NFLX) – For an in-depth report on Netflix, Inc.: www.BullTrends.com/stockquote/NFLX

Netflix Inc. closed up 3.42% on Monday with about 3.7 million shares traded. The stock hit a new high of $449.69 during intra-day trading. Over the weekend the company announced that it has agreed to pay Comcast Corp. an undisclosed sum to ensure faster and more reliable connections. Both companies have said that the arrangement is already giving customers a better experience though terms of the deal were not disclosed.

Federal National Mortgage Association (OTCBB: FNMA) – For an in-depth report on Federal National Mortgage Association follow: www.BullTrends.com/stockquote/FNMA

Federal National Mortgage Association closed up 9.15% on nearly 44 million shares traded. The stock had one of the biggest gains in the OTCBB market and was one of the most active. The company reported fourth-quarter 2013 net income of $6.5 billion, down 26% from $8.7 billion earned in the prior quarter. This was also the company’s eighth consecutive quarterly profit.

Fresh Healthy Vending International, Inc. (OTCBB: VEND) – For an in-depth report on Fresh Healthy Vending International, Inc. follow: www.BullTrends.com/stockquote/VEND

Shares of VEND closed up 12.06% on Monday with nearly 1.4 million shares traded. The stock was one of the biggest gainers in the OTCBB marketplace and even hit a new high of $7.25 during intra-day trading. The company announced that it has entered into a non-binding term sheet for the acquisition of an integrated micro-market platform and all existing micro-market assets and operations from Corporate Refreshment Services, LLC (CRS). The assets purchase will include all micro-market operations and assets belonging to CRS including, but not limited to, all micro-market locations, inventories, accounts receivable, software, systems and intellectual property.

 

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