Biggest Financial Losers were UVE, AEG, SVLF : by Penny Stock Pick Alert
Penny Stock Pick Alert reports that today Universal Insurance Holdings, AEGON N.V. (ADR) and Silverleaf Resorts were Biggest Financial stocks Losers.
(EMAILWIRE.COM, November 13, 2009 ) Dallas, TX - Universal Insurance Holdings, Inc. (AMEX:UVE) went down 1.64% to $5.99 after the company announced third-quarter 2009 net income of $11.5 million, or $0.28 per diluted share, compared to $7.4 million, or $0.19 per diluted share, in the third quarter of 2008. Net income grew 56.2 percent for the third quarter of 2009, as compared to the same quarter last year. As a result of continued profitability, the Company's balance sheet also strengthened, as stockholders' equity increased 6.9 percent at September 30, 2009, as compared to June 30, 2009.
AEGON N.V. (ADR) (NYSE:AEG) decreased 7.63% to $7.51 on 1.03 million shares after the company on Thursday said it swung to a net profit in the third quarter from a year-earlier loss on lower U.S. write-downs, improved life insurance sales and cost-cutting measures. Third-quarter net profit was EUR145 million compared with a net loss of EUR329 million a year earlier.
Silverleaf Resorts, Inc. (NASDAQ:SVLF) plunged 19.47% to $0.910 after the company yesterday posted a third-quarter net loss of $3.9 million, which the company attributes to an $18.5 million write-down on uncollectible revenue. During the first nine months of the year, Silverleaf Resorts' total revenue dropped 10.2 percent to $183.7 million, down from $204.5 million during the same period of 2008.
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AEGON N.V. (ADR) (NYSE:AEG) decreased 7.63% to $7.51 on 1.03 million shares after the company on Thursday said it swung to a net profit in the third quarter from a year-earlier loss on lower U.S. write-downs, improved life insurance sales and cost-cutting measures. Third-quarter net profit was EUR145 million compared with a net loss of EUR329 million a year earlier.
Silverleaf Resorts, Inc. (NASDAQ:SVLF) plunged 19.47% to $0.910 after the company yesterday posted a third-quarter net loss of $3.9 million, which the company attributes to an $18.5 million write-down on uncollectible revenue. During the first nine months of the year, Silverleaf Resorts' total revenue dropped 10.2 percent to $183.7 million, down from $204.5 million during the same period of 2008.
ABOUT http://www.PennyStockPickReport.com
Penny Stock Pick Report is one of the leading stock web site which provides free stock news alerts and newsletter. We also track small cap penny stocks, daily penny stocks to watch that could be on the brink of a massive breakout. You can contact us if you wish to get your company featured on our website .
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PennyStockPickAlert.com
Robert Wilson
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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