Staffing company Kelly Services (KELB) announced that profit and revenue dropped during the third quarter as weak economic conditions and a tough job market persisted. Net income was $16.6 million, or 43 cents per share, versus $197 million, or 52 cents per share, in the same period last year.
Goodrich Petroleum (GDP) announced that net income fell by 10 percent to $10.9 million, or 30 cents per share, from $12.1 million, or 33 cents per share, a year ago for the quarter that ended on September 30. Revenue was lower by 17 percent to $46.0 million, below expectations of $65 million.
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned dollars to make a purchase, is that they expect to make money. Today we look at a noteworthy recent insider buys.
President Obama’s coalition of young, minority and female voters delivered him a second term in office. The economy and auto bailout also played crucial roles in his narrow victory.
In trading on Wednesday, hospital & medical practitioners shares were relative leaders, up on the day by about 1.1%. Leading the group were shares of Vanguard Health Systems (VHS), up about 10.7% and shares of Health Management Assoc (HMA) up about 9.8% on the day.
House Speaker John Boehner offered Wednesday to pursue a deal with a victorious President Barack Obama that will help reduce the nation’s staggering debt and put its finances in order.
Health insurer WellPoint (WLP) announced that it earned $691.2 million, or $2.15 per share, in the most recent fiscal quarter, up from $683.2 million, or $1.90 per share, in the same period last year. Revenue was $15.13 billion below expectations of $15.3 billion.
Wesco International(WCC) had its price target increased by Oppenheimer (OPY) to $80 with an outperform rating as margins at the company have been strong. Shares are higher by about 2.5 percent.
Stocks extended their gains on this election day as investors consider the impact of the outcome of the presidential election on the markets. On the earnings front, CVS (CVS) narrowly beat earnings expectations and upped its full year forecast.
Energizer Holdings Incorporated (ENR) maintained a dividend of 40 cents pershare. The dividend is payable on December 12, 2012 to all shareholders of record as of the close of business on November 20, 2012.
