Beststocksdaily.com Issues Investment Alert On (NYSE: ANF), (AMEX: TCX), (NASDAQ: ZAZA), (NASDAQ: CHTP), (NYSE: FRO)
Beststocksdaily.com Is announcing Investment Highlights on Abercrombie & Fitch (NYSE: ANF), Tucows (AMEX: TCX), ZaZa Energy (NASDAQ: ZAZA), Chelsea Therapeutics (NASDAQ: CHTP), Frontline (NYSE: FRO)
Los Angeles, CA- November, 14, 2012 - Abercrombie & Fitch Co.(NYSE: ANF) shares gained 28.64% to $40.13 in the morning hour after the company reported a third quarter profit of $71.5 million, or 87 cents a share, from $50.9 million , or 57 cents a share, in the same quarter a year earlier. Revenue increased 8.7% to $1.17 billion. Analysts most recently projected earnings of 59 cents on revenue of $1.11 billion. Total domestic sales, including direct-to-consumer sales, were flat at $818.6 million, while sales abroad climbed 37% to $351.1 million.
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Tucows Inc. (USA)(AMEX: TCX) stock surged 23.21% to $1.38 after the company announced its plan to launch a modified Dutch auction tender offer to repurchase up to 6.5 million shares of its common stock, representing approximately 14.7% of Tucows' outstanding shares, at a price per share not less than $1.35 and not greater than $1.50. This price range represents a premium of 9.6% to 21.8% to the year-to-date volume-weighted average price of $1.23 per share for the Company's common stock. The tender offer is expected to commence the week of November 19, 2012 and will remain open for at least 20 business days.
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ZaZa Energy Corp(NASDAQ: ZAZA) shares jumped 18.23% and closed at $2.14 after the company reported third-quarter net income of $133.8 million or $1.02 per share, as compared to a net loss of $2.6 million or $0.03 per share in the same quarter last year. Total revenues and other income for the third quarter surged to $207.2 million from $4.4 million in the comparable year-ago period.
Additionally, the company has agreed to sell its French business to Vermilion Energy for $85.8 million, as the company looks to focus on further developing its core operating acreage in Texas.
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Chelsea Therapeutics International Ltd.(NASDAQ: CHTP) stock climbed 8.72% to $1.62 after the company reported a third quarter net loss of $6.1 million or ($0.09) per share versus a net loss of $10.9 million or ($0.18) per share for the same period in 2011. The company ended the quarter with $33.0 million in cash and cash equivalents compared to $45.6 million, including short-term investments, at December 31, 2011.
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Frontline Ltd.(NYSE: FRO) shares climbed 13.66% to $3.66 in the early hour. Equities researchers at Jefferies Group dropped their target price on shares of Frontline from $3.50 to $3.00 in a report issued on Oct. 22. The firm currently has a “hold” rating on the stock. Separately, analysts at Imperial Capital reiterated an “underperform” rating on shares of Frontline in a research note to investors on September 5. They now have a $2.50 price target on the stock.
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