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CAG, FLT, ART, FSM, - CRWESelect.com Stock News! ConAgra Foods, FleetCor...
CAG, FLT, ART, FSM, - CRWESelect.com Stock News! ConAgra Foods, FleetCor Technologies, Artio Global Investors, Fortuna Silver Mines Inc. (Video Included Inside)
November 12, 2011 Investment news in Las Vegas,Nevada, United States of America
“Acquiring National Pretzel Company is consistent with our strategies for growth, which include expanding our private label footprint and growing in strategic adjacencies,” stated Gary Rodkin.
FOR IMMEDIATE RELEASE
Las Vegas,
Nevada,
United States of America
(Free-Press-Release.com) November 12, 2011 --
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ConAgra Foods, Inc. (NYSE:CAG)
CAG previously announced that it has agreed to acquire National Pretzel Company, based in Lancaster, Pa., from Brookstone Holdings. National Pretzel makes private label pretzels in a variety of forms, including rods, sticks, braids and twists for a variety of customers, including many of the top grocery retailers in America. Financial terms of the transaction, expected to close within 30 days and subject to customary closing conditions, were not disclosed.
According to the company, National Pretzel has posted net sales growth of 7 percent annually over the last three years, with total net sales approaching $200 million.
“Acquiring National Pretzel Company is consistent with our strategies for growth, which include expanding our private label footprint and growing in strategic adjacencies,” stated Gary Rodkin, chief executive officer of ConAgra Foods.
CAG, is one of North America's leading food companies, with brands in 97 percent of America’s households. Consumers find Banquet, Chef Boyardee, Egg Beaters, Hebrew National, Hunt’s, Marie Callender’s, Orville Redenbacher’s, PAM, Peter Pan, Reddi-wip, Slim Jim, Snack Pack and many other CAG brands in grocery, convenience, mass merchandise and club stores. CAG also has a strong business-to-business presence, supplying frozen potato and sweet potato products as well as other vegetable, spice and grain products to a variety of well-known restaurants, foodservice operators and commercial customers.
For more information about CAG please visit http://www.conagrafoods.com
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FleetCor Technologies, Inc. (NYSE:FLT), a leading independent global provider of specialized payment products to businesses, reported financial results for its third quarter ended September 30, 2011. Total revenues, net, in the third quarter of 2011 increased 20.2% to $134.2 million compared to $111.7 million in the third quarter of 2010. Net income in the third quarter of 2011 increased 21.3% to $40.5 million, or $0.48 per diluted share, compared to $33.4 million, or $0.41 per diluted share in the third quarter of 2010. Revenues, net between $500 million and $510 million, up from our previous guidance range of $480 million to $490 million. Adjusted Net Income between $173 million and $178 million, up from our previous guidance range of $168 million to $173 million; and adjusted Net Income per diluted share between $2.08 and $2.12, up from our previous guidance range of $2.00 to $2.05.
FleetCor Technologies, Inc. provides specialized payment products and services to businesses, commercial fleets, oil companies, lodging clients, petroleum marketers, and government entities in North America, Europe, Africa, and Asia.
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Artio Global Investors, Inc. (NYSE:ART) reported preliminary month-end assets under management of $36.2 billion as of October 31, 2011, compared to $34.3 billion as of September 30, 2011.
Artio Global Investors, Inc. is a publicly owned asset management holding company. Through its subsidiary, the firm provides portfolio management and fund management services to its clients.
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Fortuna Silver Mines Inc. (NYSE:FSM) is pleased to announced that it has filed its financial statements and MD&A for the three months ended September 30, 2011. Record net income of US$10.31 million , compared to a loss of US$0.77 million in Q3 2010. Revenue of US$32.08 million , compared to US$17.88 million in Q3 2010. Cash flow from operations before changes in non-cash working capital of US$18.21 million , compared to US$7.73 million in Q3 2010. Operating income of US$14.89 million , compared to US$1.03 million in Q3 2010. Cash position (including short term investments) and working capital as at September 30, 2011 were US$62.73 million and US$70.22 million respectively. During the third quarter ended September 30, 2011 the Company generated net income of US$10.31 million (2010: loss US$0.77 million ) on operating income of US$14.89 million (2010: US$1.03 million ). The increase in net income is mainly attributable to higher mine operating income of US$19.81 million (2010: US$8.74 million ) and a gain on commodity contracts of US$0.50 million (2010: loss US$3.18 million ) offset by income taxes of US$4.64 million (2010: US$1.55 million ). The improved operating results were driven by higher silver prices and quantities of metal sold.
Fortuna Silver Mines Inc. engages in the mining and production silver and base metal in Latin America.
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