Stocks Making News Today: FDX, ATU, TEAR, TRLG, DB

PUBLISHED: Mar 20 2013 @ 12:02 | Comments (0) | More info about Ed Liston

FedEx Corporation (NYSE:FDX): The stock tumbled on the news of its disappointing results. FedEx missed consensus estimates as its ground revenue improved 11 percent for the third quarter. The company’s net income dropped from $521 million to $361 million. On per share basis, the company’s EPS stood at $1.13 per share. FedEx is currently trading at $101.05, down 5.08 percent from its previous close. The stock is trading below its 20 days moving average price of $101.32 and 50 days moving average price of $103.23. Its 52 weeks price range stands at $83.80 and $109.66. The stock is trading at the Price Earnings ratio of 16.23. FedEx commands market capitalization of $31.78 billion. The company’s revenue for the third quarter stood at $11 billion, up 4 percent from its previous year quarter revenue of $10.56 billion. It was expected to report $10.85 billion in revenue.

Actuant Corporation (NYSE:ATU): The stock is currently trading at $30.90, down 2 percent. The company reported its second quarter net income at $28.4 million, down from $32.2 million it had earned previous year. However, it beat the consensus estimate of 37 cents per share in earnings by posting its EPS at 38 cents per share. Its revenue also declined 2 percent to $370.4 million from $378 million it had reported for the corresponding quarter of the last year. The stock is trading below its 20 days moving average price of $31.63. The stock oscillated in the range of $30.83 and $31.51 in the current trading session. Actuant’s Price Earnings ratio stands at 27.02. The company commands the market capitalization of $2.26 billion and its stock is trading at the beta of 1.58. Actuant also provided the outlook as it expects its full year earnings to be in the range o f$2.15 and $2.25 per share. Analysts expected the company to report its outlook at $2.17 per share.

TearLab Corporation (NASDAQ:TEAR): The company posted higher loss for its fourth quarter. TearLab reported its net loss at $3.7 million, up from $3.5 million loss it had suffered in the corresponding quarter of the last year. On per share basis, its loss stood at 13 cents per share, higher than consensus estimate of 11 cents per share in loss. Its revenue increased to $1.6 million, up from $499,000 it had reported for the fourth quarter of the last year. TearLab is currently trading at $6.25, down 1.26 percent. It is trading in the range of $6.02 and $6.60 in the current trading session. The stock is in line with its 20 days moving average price of $6.25 but above 50 days moving average price of $6.24. In the past 52 weeks, the stock’s price range has been $2.57 and $6.61. The stock’s beta is 1.63 and the company commands market capitalization of $180.19 million.

True Religion Apparel Inc. (NASDAQ:TRLG): Its stock traded in the range of $27.34 and $28.02 in the current trading session and at this point is at $27.96, up 2.95 percent. True Religion Apparel announced the resignation of its CEO. The company CEO Jeff Lubell is also the company founder. The company also announced his successor and appointed Lynne Koplin as the interim CEO. She was earlier working as the company president. The stock’s highest price point of 52 weeks stands at $30.66 while its lowest price point is at $20.22. True Religion Apparel stock is trading at Price Earnings ratio of 15.38 and its beta is 1.38. The company’s dividend yield stands at 2.90 percent. True Religion Apparel operates 152 stores as on December 31, 2012. Out of these stores, 122 are in the US.

Deutsche Bank AG (NYSE:DB): The bank has reinstated its final accounts and slashed its FY2012 profits by $800 million. Deutsche Bank agreed to increase its reserves for mortgage lawsuits related expenses. The charges will slash the annual net profit from 665 million euros to 291 million euros. Its stock is trading at $41.76, up 0.19 percent higher than its previous close. It has traded in the range of $41.75 and $42.41 in the current trading session. It has traded 338k shares so far, in comparison to its daily average trading volume of 1.552 million shares. The stock has traded in the range of $27.03 and $53.12 in the past 52 weeks. The company stock trades at Price Earnings ratio of 50.64 and its beta is at 1.98.

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