Traders Buzz: Rent-A-Center Inc (NASDAQ:RCII), Arch Coal Inc. (NYSE:ACI), Knowles Corp(NYSE:KN)
Lakeway, NY — (MARKET NEWS CALL) — 10/27/2015— Specialpennystockalert.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market about the small and penny stocks, issues news alert on Rent-A-Center Inc (NASDAQ:RCII), Arch Coal Inc. (NYSE:ACI), Knowles Corp(NYSE:KN).
Rent-A-Center Inc (NASDAQ:RCII)’s shares dropped 25.14% to $19.31. The company on Oct. 26 reported a third-quarter loss of $4.1 million, after reporting a profit in the same period a year earlier. The Plano, Texas-based company said it had a loss of 8 cents per share. Earnings, adjusted for non-recurring costs, were 47 cents per share. The results beat Wall Street expectations. The average estimate of analysts was for earnings of 45 cents per share. The company posted revenue of $786.5 million in the period, which missed Street forecasts. Analysts expected $803 million.
Arch Coal Inc. (NYSE:ACI)’s shares declined 23.13% to $1.54. The company on Oct. 27 announced the termination of its previously announced (i) private offer to exchange (the “2020 Exchange Offer”) new 6.25% Trust Certificates due 2021 (the “Trust Certificates”) and a cash payment for any and all of its outstanding 7.25% Senior Notes due 2020 (the “2020 Notes”) and the related offer to holders of 2020 Notes that were not eligible to participate in the 2020 Exchange Offer to exchange new 2022 Notes and a cash payment for their 2020 Notes (the “Ineligible Holders Offer”) and (ii) private offer to exchange (the “Concurrent Exchange Offer” and, together with the 2020 Exchange Offer and the Ineligible Holders Offer, the “Exchange Offers”) Trust Certificates, 8.00% Senior Secured Notes due 2022 and 12.00% Senior Secured Second Lien Notes due 2023 for its outstanding 7.000% Senior Notes due 2019, 9.875% Senior Notes due 2019 and 7.250% Senior Notes due 2021.
Knowles Corp(NYSE:KN)’s shares dropped 15.43% to $17.65. The company on Oct. 26 reported a loss of $14.9 million in its third quarter. The Itasca, Illinois-based company said it had a loss of 17 cents per share. Earnings, adjusted for one-time gains and costs, came to 16 cents per share. The results beat Wall Street expectations. The average estimate of analysts was for earnings of 11 cents per share. The maker acoustic components such as microphones posted revenue of $294.6 million in the period, which missed Street forecasts. Analysts expected $296.7 million.
Specialpennystockalert.com is engaged in providing the most up to date and useful information on Microcap Stocks poised to breakout. Specialpennystockalert.com also provides investors with trend analysis, detailed company profiles, and most importantly a much needed “informational edge” which can be used as a tool for making investment decisions. To Receive Instant updates in the inbox, readers are advised to sign up for free at Specialpennystockalert.com.
The assembled information disseminated by Specialpennystockalert.com is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Specialpennystockalert.com does expect that investors will buy and sell securities based on information assembled and presented in Specialpennystockalert.com. PLEASE always do your own due diligence, and consult your financial advisor.
Tags: Arch Coal Inc. (NYSE:ACI), Knowles Corp(NYSE:KN), Rent-A-Center Inc (NASDAQ:RCII)