Wednesday, November 10, 2010

Stocks At One-Year High (DAR, ENS, FOSL)

Darling International Inc. (NYSE:DAR) added 0.78% to $11.62 after it made its fresh one-year high of $11.88. The company announced Tuesday morning that it agreed to acquire Griffin Industries Inc. for a combination of cash and stock, valued at approximately $840 million. The 52-week range of the stock is $6.77-$11.88. EnerSys (NYSE:ENS) jumped 5.41% to $29.25 after it created its fresh one-year high of $29.45. For the July-September quarter, the company earned $26.6 million, or 53 cents a share, compared with $12.9 million, or 26 cents a share, a year ago. Excluding restructuring and acquisition-related expenses, the company earned 58 cents a share. Revenue for the company jumped 29 percent to $472.8 million. Analysts on average were expecting earnings of 51 cents a share on revenue of $446.9 million. Fossil, Inc. (NASDAQ:FOSL) went up 2.80% to $69.75 after it made its new 52-week high of $70.07. For the third quarter, the company earned $68.2 million, or $1.00 a share, compared with $35.3 million, or 52 cents a share, a year earlier. Revenue at the company, whose watches sell from $7 to upwards of $2,000, rose 37 percent to $523.8 million. Analysts were expecting the company to earn 75 cents a share, on revenue of 484.7 million, according to Thomson Reuters. For the full year, the company expects earnings of $3.59-$3.63 a share, up from its prior view of $3.13-$3.23 a share. Disclaimer: The assembled information distributed by epicstockpicks.com is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Epicstockpicks.com does expect that investors will buy and sell securities based on information assembled and presented herein. EpicStockPicks.com will not be responsible in any way for or accept any liability for any losses arising from an investor's reliance on or use of information obtained from our website or emails. PLEASE always do your own due diligence, and consult your financial advisor.
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