Shares of Computer Sciences Corporation (NYSE: CSC), a company engaged in the information technology (IT) and professional services industry, are seeing a huge rally in early trading today. At last check, CSC shares were trading 15.48% higher at $36.33 on above average volume of 1.23 million. The stock hit a 52-week high of $36.63 in early trading today.
CSC shares are soaring after the company reported its second-quarter financial results. For the second quarter of fiscal 2013, CSC reported earnings of $0.83 per share, compared to a loss of $18.56 per share. The company’s total revenue for the quarter was $3.85 billion, compared to $3.97 billion reported for the same period in the previous year.
Mike Lawrie, President and CEO of Computer Sciences, said that the company’s second-quarter results reflect continued progress made on its contract management performance and cost takeout program. Lawrie said that as a result, operating margins improved across all three lines of business when compared with the prior year and the company is raising its fiscal year 2013 EPS targets to $2.30 to $2.50.
Shares of Coeur d’Alene Mines Corp. (NYSE: CDE), a silver producer with assets located in the U.S., Mexico, Bolivia, Argentina and Australia, are sinking in early trading today. At last check, CDE shares were trading 17.25% lower at $25.13 on above average vafolume of 2.67 million. The stock hit an intra-day low of $24.90 in early trading today.
CDE shares are sinking in early trading after the company reported its third-quarter financial and operating results. For the third quarter of 2012, CDE reported a silver production of 4.4 million ounces, down 10% over the second quarter of 2012. The company’s gold production for the quarter was 58,768 ounces, down 7% from second quarter. Net metal sales for the quarter fell 9% on a sequential basis to $230.6 million.
Adjusted earnings for the quarter were $25.8 million, or $0.29 per share, compared to $28 million, or $0.31 per share reported in the second quarter of 2012.
Mitchell J. Krebs, President and CEO of Coeur d’Alene Mines, said that the company’s third-quarter was negatively impacted by lower production and higher unit costs at the Palmarejo mine in Mexico, which were due to unfavorable underground conditions during September and a transition in open pit production.
Shares of Weight Watchers International Inc. (NYSE: WTW), a global-branded consumer company and a provider of weight management services, operating globally through a network of company-owned and franchise operations, are seeing a huge rally in early trading today.
At last check, WTW shares were trading 14.57% higher at $54.40 on above average volume of 932,226. The stock hit an intra-day high of $55.47 in early trading today.
WTW shares are soaring in trading today after the company reported its third-quarter financial results. For the third quarter of 2012, WTW reported revenue of $430.6 million, representing an increase of 2.7% on a constant currency basis over the same period in the previous year. The company’s Internet revenue for the quarter rose 24.2% on a constant currency basis to $124.2 million.
David Kirchhoff, President and CEO of Weight Watchers International, said that overall, the company’s fiscal 2012 is expected to end very much in line with its prior earnings guidance. Kirchhoff further said that the company’s third-quarter results were somewhat better than its expectations with continued strength of its WeightWatchers.com business being offset in part by pressure on its North American and U.K. meetings business.
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