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Financial Services (NYSE:DFS) dropped 1.88% to $18.77. The
company posted a quarterly profit that beat expectations, but its shares fell 5
percent because the results were mainly driven by reducing the money set aside
to cover bad loans.
The company earned $350 million, or 64 cents per share, in its
fiscal fourth quarter, ended Nov. 30. Analysts' average forecast was 43 cents
per share, according to Thomson Reuters.
The
stock has average daily volume of 4.16 million shares. At current market price,
the market capitalization of the company stands at $10.22 billion.
Winnebago
Industries, Inc. (NYSE:WGO) soared 13.52% to $14.86. The company
reported a net profit of $3.8 million, or 13 cents a share, for the first
quarter ended on Nov. 27, compared with a year-earlier net loss of $1.3
million, or 5 cents a share.
Analysts on average expected Forest City, Iowa-based Winnebago to
report a profit of 2 cents a share, according to Thomson Reuters. Revenue rose
52.7 percent to $123.7 million, beating analysts' expectations of $96.9
million.
The
stock opened at $14.56 and is trading within the range of $13.21-$15. The stock
soared more than 22% year-to-date.
FedEx
Corporation (NYSE:FDX) added 1.84% to $94.09. The company said its
second-quarter profit declined to $283 million or 89 cents a share, from $345
million, or $1.10 a share, a year ago. Excluding charges, it earned $1.16 a
share in the latest period.
Revenue rose 12% to $9.63 billion.
On average, analysts expected FedEx to earn $1.31 a share on revenue of $9.78 billion, according to a survey by FactSet Research.
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