PBF Logistics Falls on First Day of Trading; Computer Sciences Corporation Hits Yearly High


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Companies Mentioned

NYSE:CSC / NASDAQ:NUAN / NYSE:PBFX / NYSE:DRL
05/12/2014 [ACCESSWIRE]

Computer Sciences Corporation (NYSE: CSC) - For an in-depth report on Computer Sciences Corporation follow: www.BullTrends.com/stockquote/CSC

Shares of Computer Sciences Corporation closed up 7.49% on about 5.7 million shares traded. The stock was one of the biggest gainers on the NYSE and hit a yearly high of $64.72 during intra-day trading. The company reported solid fiscal fourth-quarter 2014 results. The company’s quarterly revenue fell 4.9%, to $3.33 billion, which translated to earnings of $1.17 per diluted share. Analysts, on average, were looking for quarterly earnings of just $1.04 per share on slightly higher sales of $3.36 billion.

Nuance Communications, Inc. (NASDAQ: NUAN)  - For an in-depth report on Nuance Communications, Inc. follow: www.BullTrends.com/stockquote/NUAN

Nuance shares closed down 3.22% on nearly 11.4 million shares this past Friday. The company reported that non-GAAP net income was $88.3 million, or 28 cents per diluted share, versus $110.4 million, or 34 cents per diluted share from the 2013 second quarter. Non-GAAP revenue increased for the 2014 second quarter to $490 million, from $484 million for the year ago quarter.

PBF Logistics LP (NYSE: PBFX) - For an in-depth report on PBF Logistics LP follow: www.BullTrends.com/stockquote/PBFX

Shares of PBF Logistics LP closed down 1.14% on about 9.6 million shares traded. The stock hit a low on Friday of $26.75 during intra-day trading. This was the stock’s debut on the NYSE. The company priced its initial public offering of 13.75 million shares at $23, above its expected range of $19 to $21. The stock opened at $28.

Doral Financial Corporation (NYSE: DRL) - For an in-depth report on Doral Financial Corporation follow:  www.BullTrends.com/stockquote/DRL

Shares of DRL closed up 58.95% on nearly 8 million shares traded. The stock was one of the biggest gainers on the NYSE. The company stated that its policy is not to comment on unusual market activity. There was no significant news to explain the gains on Friday. Doral Financial Corp is the holding company of Doral Bank, with operations in Puerto Rico and the U.S.

 

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