Pre-Market Action (COSI, FFN, WMB, CACH)

Pre-Market Action (COSI, FFN, WMB, CACH)

Cosi, Inc. (NASDAQ: COSI) reported fourth-quarter net loss of $2.3 million or $0.04 per share, as compared to $2.8 million or $0.05 per share in the year ago period. Total revenues for the quarter was $26.2 million, up 3.3% from $25.36 million in the same quarter last year.

For fiscal 2011, the company reported net loss of $6.5 million or $0.13 per share, as compared to $3.1 million or $0.06 per share in the year-ago period. Total revenues for FY 2011 declined to $102.14 million from $109.70 million last year.

As a result, the shares of the company closed at $1.15 after declining 4.17% in the last trading session.

FriendFinder Networks Inc (NASDAQ: FFN) shares closed at $1.64 after plunging 9.39% in the previous trading session after the company reported fourth quarter revenue of $81.7 million. Net loss for the quarter of 2011 was ($10.2 million), or ($0.42) per share.

Looking forward, the company expects fiscal 2012 revenues to be in between $340 and $350 million. The Company expects adjusted EBITDA in the range of $75 and $80 million for fiscal 2012.

Williams Companies, Inc. (NYSE: WMB) shares closed at $30.59 in the previous session after the company intends to commence an underwritten public offering of 26,000,000 shares of its common stock. The company plans to use the net proceeds from the offering to purchase additional Williams Partners L.P. common units.

Cache, Inc. (NASDAQ: CACH) reported a weaker than expected fourth quarter profit as promotional activity pressured margins. The company posted fourth quarter profit of $1.9 million, or $0.15 cents a share, as compared to a year-earlier loss of $14.2 million, or $1.11 a share. Net sales increased 13% to $62.9 million, topping analyst’s estimate of $62 million.