10 Radar Stocks: Coinstar Surges 11%, Yum! Gains 2.5% and Anadarko Pays Off BP
Coinstar Inc. (NASDAQ:CSTR) shares surged more than 11 percent in late trading. The media company reported that fourth quarter earnings more than doubled as its Redbox business continues to perform well. The company also announced on Monday it will be teaming up with Verizon (NYSE:VZ) to challenge Netflix (NASDAQ:NFLX) and Amazon (NASDAQ:AMZN) in the streaming video industry.
Shares of Yum! Brands Inc. (NYSE:YUM) jumped 2.55 percent after the closing bell. The food company reported earnings of $356 million (75 cents per share) for the fourth quarter. Analysts were expecting earnings of 74 cents per share). Shares of McDonald’s Corp. (NYSE:MCD) also increased in extended trading.
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Financial companies such as Bank of America (NYSE:BAC) and Goldman Sachs (NYSE:GS) are edging lower in late trading. Greece has yet to reach a deal to take austerity measures in order to receive more bailout funds.
Despite reporting a $358 million loss for the fourth quarter, shares of Anadarko (NYSE:APC) increased 1.3 percent in extended trading hours. The company’s profit was affected by a $4 billion payment to BP as part of legal claims for the 2010 Deepwater Horizon oil disaster.
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Shares of Leggett And Platt Inc. (NYSE:LEG) edged .73 percent higher late Monday. The company reported a fourth quarter profit of $8.7 million (6 cents per share), down from $31.4 million the previous year.
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