Stocks In The News (MOS, TLB, ADBE, AVII)
Mosaic Co (NYSE:MOS) shares fell 0.23% to $51.05 in the pre-market session after the company’s Board of Directors declared a quarterly dividend of $0.125 per share on the Company’s common stock. The dividend will be paid on May 17, 2012, to stockholders of record as of the close of business on May 3, 2012.
The Talbots, Inc. (NYSE:TLB) shares fell 3% to $3.03 in the pre-market session after the company’s fiscal fourth quarter loss increased owing to restructuring and executive retirement costs, as well as promotions.
The company posted a fourth quarter loss of $53.3 million, or $0.77 a share, as compared to a year-earlier loss of $2.8 million, or $0.04 a share. Net sales fell 1.1% to $289.4 million during the quarter. Analysts expected an adjusted loss of $0.56 a share on $268.7 million in revenue.
Adobe Systems Incorporated (NASDAQ:ADBE) shares fell 0.15% to $33.50 in the pre-open session after the company announced its Board of Directors has approved a new stock repurchase program granting the company authority to repurchase up to $2.0 billion in common stock through the end of fiscal 2015. The new stock repurchase program is substantially similar to the company’s previous program authorizing the repurchase of up to $1.6 billion in common stock through fiscal 2012.
AVI BioPharma, Inc. (NASDAQ:AVII) shares fell 4.55% to $1.05 in the after hour trading. The company is being covered by analysts at JMP Securities who set an “outperform” rating on the stock. The shares of the company have plunged over 30% in the last one year. The 52 week trading range for the company is $0.50 – $1.88.