Beacon Equity Research announces the release of Trade Alerts covering market movers: Smithfield Foods Inc. (NYSE: SFD), SIRIUS XM Radio Inc. (Nasdaq: SIRI), Sony Corp. (NYSE: SNE), Pfizer Inc. (NYSE: PFE), Charlotte Russe Holding Inc. (Nasdaq: CHIC) and Gilead Sciences Inc. (Nasdaq: GILD).
In the Trade Alert, the author highlights Smithfield Foods’ financial results for the third quarter of fiscal 2009:
“Smithfield Foods Inc. (SFD) shares soared 19.50% in today’s mid-day trading, moving to $7.11. Smithfield Foods, together with its subsidiaries, engages in the processing of pork and production of hog in the United States and internationally. … The company recently announced its financial results for the third quarter of fiscal 2009. It said it lost $103.1 million as feed costs rose and it absorbed a big restructuring charge. … The company's loss amounted to 72 cents per share for the period ended February 1. That compares with a profit of $54.5 million, or 41 cents per share, a year earlier. Excluding a 38 cents-per-share restructuring charge in its pork operations and other items, loss from continuing operations was $21.4 million, or 15 cents per share.”
The Trade Alert author also featured SIRIUS XM Radio’s posting a narrower fourth-quarter loss citing higher sales and lower costs:
“SIRIUS XM Radio Inc. (SIRI) shares spiked 18.81% mid-day today, trading at 19 cents. Sirius XM Radio provides satellite radio services in the United States and Canada. … Citing higher sales and lower costs, the New York pay radio broadcaster recently posted a narrower fourth-quarter loss, reporting that it lost $248.5 million in the three months ended December 31, compared with a loss of $405 million in the year-earlier quarter. … However, the company also reported a slowdown in subscriber growth. The company increased its rolls by 83,000 for the quarter. In the same period a year earlier, and before the merger of Sirius Satellite Radio and XM Satellite Radio Holdings, the overall tally of net new subscribers for both companies was 1.1 million.”
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