Diamonds and Dogs
2/6/2013CH Robinson Worldwide Inc. (CHRW)
CH Robinson Worldwide is crashing today, down 9.71% at $60.50. The freight and logistics company saw its shares fall after missing on its earnings report. CH Robinson had a fourth quarter profit of $0.68 per share which missed analyst estimates of $0.70 per share. The miss on profits also led analysts' to cut the company's ratings. Analyst, John Larkin from Stifel Financial Corp. cut his rating to sell and said, "The company will suffer from the law of large numbers and post unimpressive earnings growth." CH Robinson is trading in the middle of its 52-week range.
Shutterfly Inc. (SFLY)
Shutterfly is flying higher today, up 20.30% at $40.41. The internet based social expression and personal publishing company saw shares soar after outstanding full year forecast. Shutterfly said that annual sales will rise as much as 17 percent as marketing; including a ship-to-store partnership with Costco Wholesale will help to add customers. Annual sales for 2013 are expected to increase to $739.7 million-$746 million, beating analyst estimates of $709.4 million. Topeka Capital Management analyst, Victor Anthony raised his price target from $40.00 to $45.00 and maintained his buy rating. Shutterfly set a new 52-week high today.
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