Top Midcap Stocks were NFLX, TAM, LPS
Netflix, TAM S.A,Lender Processing Services were the Top Midcap Stocks today.
(EMAILWIRE.COM, October 24, 2009 ) Dallas, TX - Netflix, Inc. (NASDAQ:NFLX) surged 10.60% to close at $54.89 on 7.25 million shares after the company forecasted 2009 profit to increase to $1.82 to $1.90 a share, up from a prior projection of $1.65 to $1.82. Sales will total $1.67 billion. Analysts had anticipated earnings of $1.86 a share, the average of 24 estimates, on revenue of $1.67 billion. Netflix, Inc. provides online movie rental subscription service in the United States to approximately 10 million subscribers.
TAM S.A. (ADR) (NYSE:TAM) jumped up 6.34% to end the day`s trade at $15.94 on over 2.84 million shares after Dow Jones reported yesterday that Tam S.A. launched a $300 million, 10-year bond offer with a yield of 9.75%, according to a fund manager's term sheet. Lead book runners on the deal are Citigroup and Banco Santander. Proceeds from the debt offer will go toward general corporate purposes. TAM S.A. is engaged in providing scheduled air transportation in both the domestic market and the international market through the Company’s operating subsidiaries.
Lender Processing Services, Inc. (NYSE:LPS) soared 7.79% to end at $43.99 on 2.12 million shares after the company announced that for the fourth quarter of 2009, it expects adjusted earnings to be in the range of $0.77-$0.79 per diluted share. For fiscal 2009, the Company now expects revenues to grow 26%-28% compared to fiscal 2008 and adjusted earnings to be in the $3.07-$3.09 per diluted share range. According to Reuters Estimates, analysts on an average were expecting the Company to report earnings per share of $0.77 for the fourth quarter of 2009; EPS of $3.00 on revenue of $2.273 billion for fiscal 2009.
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TAM S.A. (ADR) (NYSE:TAM) jumped up 6.34% to end the day`s trade at $15.94 on over 2.84 million shares after Dow Jones reported yesterday that Tam S.A. launched a $300 million, 10-year bond offer with a yield of 9.75%, according to a fund manager's term sheet. Lead book runners on the deal are Citigroup and Banco Santander. Proceeds from the debt offer will go toward general corporate purposes. TAM S.A. is engaged in providing scheduled air transportation in both the domestic market and the international market through the Company’s operating subsidiaries.
Lender Processing Services, Inc. (NYSE:LPS) soared 7.79% to end at $43.99 on 2.12 million shares after the company announced that for the fourth quarter of 2009, it expects adjusted earnings to be in the range of $0.77-$0.79 per diluted share. For fiscal 2009, the Company now expects revenues to grow 26%-28% compared to fiscal 2008 and adjusted earnings to be in the $3.07-$3.09 per diluted share range. According to Reuters Estimates, analysts on an average were expecting the Company to report earnings per share of $0.77 for the fourth quarter of 2009; EPS of $3.00 on revenue of $2.273 billion for fiscal 2009.
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This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
WePickPennyStocks.com
Jim
Tel: 214 556 6798
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
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