Lorillard Inc. reported Wednesday that its fourth-quarter profit fell 5 percent as higher costs offset an increase in revenue from both traditional and electronic cigarettes. Its adjusted results missed Wall Street expectations. Volumes of Newport, Lorillard’s biggest brand, increased less than 1 percent during the quarter. The brand’s U.S. retail market share grew to 12.7 percent and its share of the menthol segment grew 1.6 percentage points to 36.7 percent of the market. Lorillard Inc. (NYSE:LO) stock opened at $49.58 in last trading session, and closed at $47.47, trading in the range of $46.48 – $49.58. The stock showed a negative weekly performance of -0.61%.
Annie Inc (NASDAQ:BNNY) reached a new 52-week low on Wednesday after Imperial Capital lowered their price target on the stock from $47.00 to $42.00, Analyst Ratings Network reports. Imperial Capital currently has an in-line rating on the stock. Annie’s traded as low as $34.98 and last traded at $35.33, with a volume of 1,208,584 shares. The stock had previously closed at $38.21. Annies Inc (NYSE:BNNY) shares closed at $35.31 on last trade day, by losing -7.59%. Stock 52 week range is $34.98 – $52.38. Company’s market capitalization is $600.22 billion.
Black Diamond (NASDAQ:BDE) was downgraded by stock analysts at Needham & Company to a “buy” rating in a report issued on Wednesday, Analyst Ratings Net reports. Black Diamond Inc (NASDAQ:BDE) stock decreased -8.20% and finished the last session at $9.40. The EPS of the stock remained -0.19. Company’s market capitalization is $304.76 million.
The Andersons, Inc. (NASDAQ:ANDE) has released financial results for the fourth quarter and full year results for 2013, reporting record operating income of $50.6 million for the company’s ethanol group. In 2012, the group reported a $3.7 million loss. Overall, The Andersons reported net income attributable to the company of $89.9 million in 2013, or $3.18 per diluted share, on $5.6 billion in revenues. In 2012, the company reported earnings of $79.5 million, or $2.82 per diluted share on revenues of $5.3 billion. The Andersons, Inc. (NASDAQ:ANDE) stock opened at $79.97 in last trading session and closed at $78.61. The 52 week range of the stock is $47.09 – $93.42 and the day range was $76.25 – $81.98.