Notable 52-Week Highs and Lows of the Day 08/04: (KFT) (AUY) (CBOU) High; (DNDN) (PMI) (ENTR) Low


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August 4, 2011 2:02 PM EDT Send to a Friend
This report is an intraday check of some of the more notable stocks that have hit a 52-week high or low so far today.

52-Week High:
  • Kraft Foods Inc. (NYSE: KFT) high of $36.30. Kraft had a solid earnings report today, though investors are probably buying the news it will separate into two companies: A high-growth global snacks business and a high-margin North American grocery business. Earnings in the second-quarter were 62 cents per share on revs of $13.88 billion, both stronger than views. The Company also raised its fiscal 2011 outlook to $2.20 to 2.25 per share, placing estimates calling for $2.24 per share comfortably within range.

  • Yamana Gold, Inc. (NYSE: AUY) high of $14.40. Initially getting a nice push from gold prices yesterday, second-quarter earnings of 25 cent per share, which beat the Street consensus of 24 cents, elevated Yumana into positive territory long enough to hit a new high.

  • Caribou Coffee Company, Inc. (Nasdaq: CBOU) high of $15.49. Caribou had some solid earnings yesterday, enough to attract some mid-day buyers today. Shares moved as much as 2.2 percent higher to the new mark today, as Caribou reported EPS of 13 cents on revs of $80.3 million, beating expectations calling for EPS of nine cents and revs of $73.55 million.
52-Week Low:
  • Dendreon Corp. (Nasdaq: DNDN) low of $11.34. Dendreon is plunging on earnings, and withdrawn guidance for Provenge, its $93,000 prostate cancer treatment, saying it won't meet forecasts. Dendreon reported a second-quarter loss of 57 cents on revenue of $49.6 million, compared with analyst estimates calling for a loss of 71 cents per share on revs of $58.58 million. The stock was downgraded at Needham, Gleacher, Cowen, RBC, Brean Murray, Collins Stewart and Baird, but upgraded by Credit Suisse.

  • PMI Group, Inc. (NYSE: PMI) low of $0.3588. PMI is getting hit today following earnings. Shares moved nearly 60 percent lower to the mark. PMI post an adjusted loss of $1.76 on revenue of $125.6 million, missing estimates calling for a loss of 59 cents on revenue of $127.96 million.

  • Entropic Communications, Inc. (Nasdaq: ENTR) low of $4.01. Entropic hit today as the company reported second-quarter earnings of 17 cents on revs of $61.5 million, shy of the 18 cents per share in earnings and $65 million in revs expected by the Street. The stock was downgraded at JPMorgan, Lazard, DA Davidson, and Barclays. Shares down 40 percent on the session.

  • MEMC Electronic Materials, Inc. (NYSE: WFR) low of $6.14. Moving over 12 percent lower, MEMC is hitting it's new low following second-quarter earnings. MEMC reported EPS of 29 cents on revs of $745.6 million, beating views calling for EPS of eight cents. Looking ahead, however, MEMC sees fiscal 2011 earnings of 80 cents to $1.00 per share and revenue of $3.3 to $3.6 billion. Earnings are shy of the $1.01 consensus on the Street.


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