Bookmark and Share

Major Gainers and Losers in Late Trading on August 6; Tyson Foods Inc. (TSN), Inc. (SOHU), HCA Holdings Inc. (HCA)

Shares of Tyson Foods Inc. (NYSE: TSN), producer, distributor and marketer of chicken, beef, pork, prepared foods and related allied products, are down sharply today.

TSN shares fell to a new 52-week low of $14.10 today. The stock was down 7.44% to $14.26 in late trading.

TSN shares tumbled as investors digested the company’s third-quarter results. TSN, which is U.S.’s biggest meat company, reported earnings of $76 million, or $0.21 per share for the third quarter ended June 30, 2012, down from $196 million, or $0.51 per share reported for the same period in the previous year.

Excluding one-time items, TSN reported a profit of $0.50 per share for the quarter, which is below analysts’ forecast of $0.54 per share.

Revenue for the third quarter rose slightly to $8.31 billion, but fell short of analysts’ forecast of $8.72 billion.

Donnie Smith, President and CEO of Tyson Foods, said that TSN’s beef and pork segments have been operating in a very difficult market conditions that will result in the company’s earnings for fiscal 2012 coming in lower than previously projected. Smith also said that grain costs have been increasing significantly and rapidly and while the company ultimately expects to pass rising input costs, these costs, coupled with ongoing soft demand are likely to put pressure on earnings in 2013.

Shares of Inc. (NASDAQ: SOHU), a Chinese online media, search, gaming, community and mobile service company, are soaring in trading today.

SOHU shares rose to an intra-day high of $41.92 in trading today. The stock was up 19.22% to $41.37 in late trading.

SOHU shares are soaring as the company reported better-than-expected revenue for the second quarter. The China-based company reported second-quarter earnings of $33.8 million, or $0.28 per share, down from $61.6 million, or $1.10 per share reported for the same period in the previous year.

SOHU’s adjusted earnings for the quarter were $0.42 per share. Revenue for the quarter rose 29% to $255.7 million, driven by advertising and online games. SOHU’s revenue beat analysts’ estimate of $249 million. expects third-quarter revenue to be between $272 million and $277 million, compared to analysts’ estimate of $274.5 million.

Dr. Charles Zhang, Chairman and CEO of, said that SOHU had a solid second-quarter with total revenue rising nearly 30% from last year, despite challenges faced in the company’s brand advertising business. Zhang said that as China’s economic growth continued to decelerate and the company initiated some operational transitions in its online video business, revenues from brand advertising recorded only a low single-digit year-on-year increase in the second quarter.

Shares of HCA Holdings Inc. (NYSE: HCA), owner and operator of hospitals, are down sharply in trading today.

HCA shares fell to an intra-day low of $23.91 before paring some of the losses. At last check, HCA shares were trading 3.38% lower at $25.70 on above average volume of 9.56 million.

HCS shares slipped after the company reported its second-quarter financial results. HCA’s second-quarter revenue rose 11.9% to $8.112 billion. The company’s net income was $391 million, or $0.85 per share for the second quarter of 2012, compared to $229 million, or $0.43 per share reported in the second quarter of 2011.

Adjusted EBITDA for the second quarter of 2012 came in at $1.569 billion, compared to $1.420 billion reported for the same period in the previous year.

For the full year, the company continues to expect revenue of $32 billion to $33 billion and adjusted EBITDAA of $6.37 billion to $6.62 billion.


Leave a Reply




You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

All stories in are for informational purposes only. This is NOT a stock recommendation. This story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at . About is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.