Shares of Toll Brothers Inc. (NYSE: TOL), a Horsham, Pennsylvania-based company engaged in designing, building, marketing and arranging financing for single-family detached and attached homes in luxury residential commodities, are down sharply in trading today even as the company swung to a profit in its fiscal first quarter.
Earlier today, TOL reported fiscal first-quarter profit of $4.4 million, or $0.03 per share, compared to a loss of $2.8 million, or $0.02 per share reported for the same period in the previous year. Revenue for the quarter rose 32% to $424.6 million. Analysts were expecting the homebuilder to report earnings of $0.10 per share and revenue of $502 million for the first quarter ended January 31, 2013.
TOL shares fell to an intra-day low of $35.06 earlier today. At last check, the stock was trading 4.77% lower at $35.14 on volume of 2.68 million.
Shares of Dell Inc. (NASDAQ: DELL), the maker of personal computers, are marginally higher in trading today after the company reported better-than-expected results for the fourth quarter ended January 31, 2013.
For the quarter, the Round Rock, Texas-based company, which recently reached an agreement to go private in a transaction valued at $24.4 billion, reported revenue of $14.3 billion, down 11% over the same period in the previous year. Earnings, excluding one-time items, were $0.40 per share. Analysts were expecting the PC maker to report fourth-quarter earnings of $0.39 per share on revenue of $14.1 billion.
DELL shares rose to an intra-day high of $13.85 earlier today. At last check, the stock was trading 0.18% higher at $13.83 on volume of 3.38 million.
Shares of SINA Corp. (NASDAQ: SINA), an online media company based in China, are soaring in trading today after the company reported its fourth-quarter financial results. SINA’s earnings and revenue for the quarter beat consensus forecast.
For the quarter, the company reported a 74% drop in its net income to $2.4 million, or $0.03 per share, compared to $9.3 million, or $0.14 per share reported for the same period in the previous year. Excluding one-time items, the company’s earnings for the quarter were $9 million, or $0.13 per share, easily beating consensus forecast of $0.05 per share. SINA’s net revenue for the quarter was $139.1 million, above Street estimates of $133.9 million.
For the first quarter, the company expects adjusted net revenue to be between $115 million and $119 million, which is in-line with the consensus forecast.
SINA shares rose to an intra-day high of $59.60 earlier today. At last check, the stock was trading 9.31% higher at $58.46 on above average volume of 3.92 million.
Shares of Coeur d’Alene Mines Corporation (NYSE: CDE), a silver producer, are down sharply in trading today. At last check, CDE shares were trading 8.36% lower at $18.64 on above average volume of 1.41 million. The stock fell to an intra-day low of $18.58 earlier today. It has fallen more than 13% in the last three trading sessions.
CDE shares have tumbled after the company provided an update on the path to completion of Orko Silver Corp. acquisition.
Shares of Joy Global Inc. (NYSE: JOY), a manufacturer and servicer of high productivity mining equipment of coal and other minerals and ores, are up sharply in trading today. At last check, JOY shares were trading 5.26% higher at $66.88 on above average volume of 4.21 million. The stock hit an intra-day high of $68.21 earlier today.
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