VANCOUVER, British Columbia, Oct. 11, 2012 /PRNewswire/ -- EarningForecast.com has issued consensus earnings forecast reports and Equity Research for the following companies: Yum! (NYSE:YUM), Wal-Mart (NYSE:WMT), AuRico Gold (NYSE:AUQ), Peabody Energy (NYSE:BTU), Amarin (NASDAQ:AMRN), and OCZ Technology (NASDAQ:OCZ).
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Yum! Brands, Inc. (NYSE:YUM): Shares of Yum! Brands, Inc. (NYSE:YUM) soared US$5.28 or 8.04% to close at US$70.99 in the last trading session. This is after Yum!, owner of the KFC and Taco Bell restaurant brands, announced its EPS growth of 19% for the third quarter of 2012, excluding Special Items. In addition, the fast-food chain reported full-year EPS growth forecast to at least 13%, or at least US$3.24, excluding Special Items. For the third quarter ended September 8, 2012, operating profit in Yum!'s China business rose 24% to US$374 million from the same quarter of 2011, while the same-store sales increased 6% year-over-year. Yum! now expects to open at least 750 stores in China this year, up from its prior forecast of at least 700. Moreover, Yum! recently announced that it will spend approximately US$100 million in four to five years to expand in India, including the addition of 100 outlets in the country this year. Niren Chaudhary, President of Yum! in India, said the expansion is a part of the company's plan to double stores in India and some neighboring countries to 1,000 by 2015. Abnormal trading volume of Yum! was found on October 10 reaching 18.93 million shares, 5.8 times heavier than usual day trading. Shares of Yum! soared as much as US$5.28 or 8.04% to US$70.99 in the last trading session. Do you think now is a good time to buy or sell YUM? See Yum! earnings forecast report here.
Read Full Report: http://www.earningforecast.com/PR/101112A/YUM/Yum.pdf
Wal-Mart Stores, Inc. (NYSE:WMT): In the last trading session, Wal-Mart Stores, Inc. (NYSE:WMT) shares began the trading session with a price of US$74.65 and throughout the session made a new 52-week high of US$76.81. At the close of the trading day, WMT finally climbed US$1.28 or 1.73% to US$75.42. Its price, as of the latest close, was up 39% compared with the 52-week low and was 2% below the 52-week high. Last session's traded volume of Wal-Mart was 19.36 million shares as compared to its average volume of 6.06 million shares. Wal-Mart's market capitalization after the recent close was US$253.52 billion. Investors may want to find out where WMT will go from here. Observe comprehensive Wal-Mart earnings forecast report here.
Read Full Report: http://www.earningforecast.com/PR/101112A/WMT/WalMart.pdf
AuRico Gold Inc. (USA) (NYSE:AUQ): On October 9, AuRico Gold Inc. (USA) (NYSE:AUQ) announced that it has entered into a definitive agreement pursuant to Mexican mining company, Minera Frisco. S.A.B. de C.V. ("Minera Frisco") will acquire the Ocampo mine and the adjacent exploration projects "Venus" and "Los Jarros" all located in Chihuahua State, Mexico and a 50% interest in the Orion advanced development project located in Nayarit State, Mexico from AuRico Gold, in exchange of US$750 million. Scott Perry, President, Chief Executive Officer, Chief Financial Officer at AuRico Gold, said the deal will help the company to reduce debt, fund development and return cash to shareholders. The transaction is expected to close in December 2012. Following the news, shares of AuRico Gold soared US$1.32 (or 20.56%) to settle at US$7.74. In the past 52 weeks, AuRico Gold share prices have been bracketed by a low of US$5.25 and a high of US$11.20, and are now at US$7.74 (47% above that low price). There were 19.33 million stock shares traded, which was 6 times more than average volume. Observing comprehensive analysis of AuRico Gold could help investors avoid big lost in investment. Check AUQ earnings forecast report below.
Read Full Report: http://www.earningforecast.com/PR/101112A/AUQ/AuRicoGold.pdf
Today EarningForecast.com also observed abnormal trade volume for the following companies; insiders may involve trading in these companies. Check out the consensus earnings forecast reports below:
Peabody Energy Corporation (NYSE:BTU):
Read Full Report: http://www.earningforecast.com/PR/101112A/BTU/PeabodyEnergy.pdf
Amarin Corporation plc (ADR) (NASDAQ:AMRN):
Read Full Report: http://www.earningforecast.com/PR/101112A/AMRN/Amarin.pdf
OCZ Technology Group Inc. (NASDAQ:OCZ):
Read Full Report: http://www.earningforecast.com/PR/101112A/OCZ/OCZTechnology.pdf
Insider Filing Source Reference: All observations, analysis and reports are based on public information released by the U.S. Securities and Exchange Commission.
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