Shares of Peabody Energy Corporation (NYSE: BTU), a coal company owning interests in 30 coal mining operations, are soaring in early trading today. At last check, BTU shares were trading 12.63% higher at $29.11 on volume of 259,468. The stock hit an intra-day high of $29.23 in early trading today.
BTU shares are rallying in trading today after the company reported its third-quarter financial results. For the quarter ended September 30, 2012, BTU reported revenue of $2.06 billion. The company reported adjusted EBITDA of $459.9 million. The company’s income from continuing operations for the quarter was $122.9 million.
Gregory H. Boyce, Chairman and CEO of Peabody Energy, said that the BTU team delivered strong third-quarter results as expanded U.S. margins, record Australian volumes and aggressive cost control largely offset price declines in Australia.
Shares of Caterpillar Inc. (NYSE: CAT), a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives, are marginally lower in trading today. At last check, CAT shares were trading 0.47% lower at $83.47 on volume of 1.13 million. The stock fell to an intra-day low of $82.29 in early trading today.
CAT shares slipped after the company reported its third-quarter financial results. For the third quarter of 2012, CAT reported revenue of $678 million, representing an increase of 1% over the same period in the previous year. The company’s profit after tax for the quarter was $109 million, representing an increase of 17% over the same period in the previous year.
Shares of V.F. Corporation (NYSE: VFC), a global apparel company based in the U.S. engaged in the design and manufacturing of a variety of apparel and footwear for all ages, are down sharply in trading today. At last check, VFC shares were trading 5.29% lower at $157.95 on volume of 264,714. The stock hit an intra-day low of $155.37.
VFC shares are down sharply even as the company reported record third-quarter financial results. For the third quarter ended September 29, 2012, VFC reported revenue of $3.1 billion, representing an increase of 14% over the same period in the previous year. The company’s third-quarter revenue from Timberland stood at $499 million. Organic revenue growth for the quarter was 2%. Gross margin for the third quarter of 2012 was 46.7%, a record and an improvement of 140 basis points from last year.
VFC reported operating income of $551 million for the third quarter. Adjusted net income for the quarter was $393 million, compared to $321 million reported for the same period in the previous year.
Shares of Ancestry.com Inc. (NASDAQ: ACOM), an online family history resource, are soaring in trading today. At last check, ACOM shares were trading 7.88% higher at $31.48 on above average volume of 5.26 million. The stock hit an intra-day high of $31.55 in early trading today.
ACOM shares are soaring in trading today after the company agreed to be acquired by Permira, a private equity firm. A company owned by the Permira funds and co-investors signed a definitive agreement to acquire ACOM for $32 per share in cash.
Tim Sullivan, CEO of Ancestry.com, said that ACOM is excited that Permira shares its commitment to keep investing in its technology and product experience to make family history easy and accessible for more and more families around the world.
Recent Comments