9 Buzzing Stocks: First Solar and Coinstar Decline, While Costco Climbs Higher
First Solar Inc. (NASDAQ:FSLR) shares fell 6.5 percent early Wednesday. The company recently reported a loss of $4.78 per share in the fourth quarter, compared to a loss of $1.80 per share a year earlier. Analysts expected a quarterly profit of $1.24 per share.
Centerpoint Energy Inc. (NYSE:CNP) edged slightly higher, despite reporting a 5.6 percent decline in fourth quarter income. The company earned $117 million (27 cents per share), compared to $124 million (29 cents per share) a year earlier.
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Central European Distribution Corp. (NASDAQ:CEDC) shares plummeted 28 percent after missing fourth quarter estimates. The Polish vodka maker also said it doesn’t have enough cash to pay its 2013 convertible senior notes.
Joy Global Inc. (NASDAQ:JOY) shares edged .70 percent higher Wednesday morning. The company reported an increase in profits to $142.4 million, compared to $102.2 million a year earlier. “We are very pleased with our first quarter, and it gives us a very strong start to our 2012″, said Mike Sutherlin, President and Chief Executive Officer. “Our core surface and underground businesses grew revenues by 18 percent, and 23 percent, respectively, and operating leverage enabled them to expand operating margins to over 20 percent.”
Costco Wholesale Corp. (NASDAQ:COST) jumped more than 1 percent after strong earnings results. Profit in the fiscal second quarter increased 13 percent to $394 million, as the company made more money from increased membership fees.
Despite meeting estimates, Staples Inc. (NASDAQ:SPLS) shares fell more than 3 percent in morning trading. Net income increased 3.2 percent to $283.6 million (41 cents per share), compared to $274.7 million (38 cents per share) a year earlier.
Shares of Sodastream International Limited (NASDAQ:SODA) dropped 12.5 percent, despite reporting record quarterly results. “This has been a defining year for SodaStream with strong top and bottom line growth in each of the four quarters, driven by robust soda maker and consumable sales,” commented Daniel Birnbaum, CEO of SodaStream. ”Our U.S. business experienced strong growth in 2011 driven by our launch of new products, retail expansion, and ramped up marketing efforts, including our first TV commercial. The U.S. is now our largest single market with sales growth at 104% for the year.”
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