PNC Financial Services (NYSE: PNC) reported today a fourth-quarter profit of $1.01 billion, or $2.17 per share, from a net loss of $269 million in the prior-year period. Analysts polled by FactSet expected PNC Financial Services to report earnings of $1.23 per share. PNC Financial Services surged 0.36% to $59 in the pre-market session. PNC Financial Services closed at $58.79 in the last trading session. PNC made a new 52 week high at $58.94 in the last trading session. PNC has surged over 30% in the last three months.
Xerox Corporation (NYSE: XRX) announced today a fourth-quarter net income of $180 million, from $1 million for the same quarter last year. Total revenues were $4.22 billion as compared to $4.37 billion in the year ago period. Analysts expected Xerox to report fourth quarter revenue of $3.92 billion. Xerox Corporation is currently trading at $9.17, 3.15% up in the pre-market session. The 52-week trading range for XRX is $4.12 - $9.75. XRX closed at $8.89 in the previous trading session.
Legg Mason, Inc. (NYSE: LM) reported today a third-quarter net income of $44.9 million, or $0.28 per share, from a net loss of $1.49 billion, or $10.59, for the same quarter last year. Revenue declined to $690.5 million as compared to $720 million in the year ago period. Analysts estimated LM to report a profit of $0.32 per share on $679.9 million of revenue. LM declined 5.82% to $29.60 in the pre-market session. Legg Mason closed at $31.43 in the last trading session. The 52-week trading range for LM is $10.35 - $33.70. Legg Mason has gained over 25% in the last six months.
Imation Corp. (NYSE: IMN) reported today a fourth quarter net revenue of $451.7 million, decreased by 12.1% for the same quarter last year. Diluted earnings per share from continuing operations were $0.19 in the fourth quarter from diluted loss per share of $1.24 in the year ago period. Imation closed at $9.08 in the last trading session. The 52-week trading range for IMN is $6.94 - $11.85. In the last year, IMN has declined by 29%.
Fairchild Semiconductor International (NYSE: FCS) reported today a fourth quarter sales of $354.5 million, increased 7% from the prior quarter and 11% higher for the same quarter last year. Fairchild’s fourth quarter net income was $13.1 million or $0.10 per diluted share from a net income of $2.7 million or $0.02 per diluted share in the prior quarter and a net loss of $218.1 million or $1.76 per share in the fourth quarter of 2008. The 52-week trading range for FCS is $2.83 - $11.48. FCS closed at $9.26 in the last trading session. In the last year, FCS has surged over 85%.
Valley National Bancorp (NYSE: VLY) reported today a fourth-quarter net income available to common stockholders was $28.57 million or $0.19 per share as compared to $14.84 million or $0.10 per share in the year ago period. Net income for the quarter grew to $32.09 million from $16.93 million in the year-ago period. Valley National Bancorp closed at $15.42 in the last trading session. VLY made a new 52 week high at $15.50 in the last trading session.
