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Pacific Ethanol Surges to New 52-Week High; Catamaran Shares Sink amid Weaker than Expected 2014 Profit Outlook

Friday, 28 February 2014 12:10 AM

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E-Commerce China Dangdang Inc. (NYSE: DANG) – For an in-depth report on E-Commerce China Dangdang Inc. follow: www.BullTrends.com/stockquote/DANG

E-Commerce China Dangdang closed up 31.49% on Thursday with about 24 million shares traded. The stock was one of the biggest gainers on the NYSE and hit a new high of $13.44 during intra-day trading. Shares surged after the company reported a strong quarter. The Chinese online retailer posted a profit of $0.04 a share, better than the expectations of a loss of $0.07. Revenue jumped 22% to $325.7 million while estimates were $317.7 million. Gross margin jumped 420 points to 17.6% as Executive Chairwoman Peggy Yu Yu said the quarter reflects the company's "solid execution of our strategies to transform Dangdang from an online bookstore into an integrated online shopping mall targeting mid-to-high-end consumers."

Catamaran Corporation (NASDAQ: CTRX) - For an in-depth report on Catamaran Corporation follow: www.BullTrends.com/stockquote/CTRX

Shares of Catamaran Corporation closed down 10.89% on Thursday with about 18.6 million shares traded. The stock was one of the biggest decliners on the NASDAQ. Shares dropped after the company's fiscal 2014 profit outlook significantly trailed expectations. The company reported fourth quarter earnings per share of 56c and revenue of $4.53B, topping expectations of 54c and $4.04B, respectively. The company forecast FY14 adjusted EPS of $2.04-$2.19, compared to consensus of $2.41. FY14 revenue was guided to $20B-$21B, versus consensus of $20.16B.

Pacific Ethanol, Inc. (NASDAQ: PEIX) – For an in-depth report on Pacific Ethanol, Inc. follow: www.BullTrends.com/stockquote/PEIX

Pacific Ethanol closed up 65.45% on Thursday with nearly 11 million shares traded. The stock was one of the biggest gainers on the NASDAQ and hit a new 52-week high of $15.02 during intra-day trading. In the three months to December, the company posted net income of 54 cents a share, well over a net loss of 1 cent a share according to analysts polled by Thomson Reuters. A full-year net loss of 17 cents a share was a narrower loss than consensus of 85 cents a share. The company also recorded revenue of $188.38 million over the quarter and $881.52 million for the full year.

NorthStar Realty Finance Corp. (NYSE: NRF) - For an in-depth report on NorthStar Realty Finance Corp. follow: www.BullTrends.com/stockquote/NRF

Shares of NRF closed up 4.97% on Thursday with about 25.3 million shares traded. The stock was one of the biggest movers on the NYSE and even hit a new 52-week high of $15.88 during intra-day trading. Funds from operations (FFO) per share increased from a loss of $0.09 in the fourth quarter of 2012 to $0.09 per share in the fourth quarter of 2013. For the full year in 2013 funds from operations at NorthStar stood at a loss of $0.18 per share, versus a loss of $1.94 per share in 2012. The company’s adjusted funds from operations -- which adds back the losses seen from the accounting adjustments in the fair value of its balance sheet - stood at $0.32 in the fourth quarter and $1.30 for the full year in 2013, compared to $0.75 and $1.76 in 2012.

 

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