Darling International Inc. (NYSE:DAR) down by 2.21%, International Game Technology (NYSE:IGT)

Posted by Samantha Donahue May 15, 2013 0 Comment 922 views

Darling International Inc. (NYSE:DAR) shares are trading down by 2.21% and closed at $18.60. Darling International, the largest provider of rendering and bakery residuals recycling solutions to the country’s food industry, announced $58.3 million increase in sales to $445.4 million for the first quarter 2013, as compared to $387.1 million for the same period in 2012. The company’s net income rose to $32.4 million, or $0.27 per share, as compared to $28.6 million, or $0.24 per share, for the comparable period in 2012. Seven analysts polled by Thomson Reuters forecasted Darling International to earn $0.26 per share for the quarter. Darling’s share was upgraded by analysts at Maxim Group from a “hold” rating to a “buy” rating. Stephens analysts upgraded shares of the company from an “equal weight” rating to an “overweight” rating, while Zacks also upgraded Darling International’s shares from an “underperform” rating to a “neutral” rating. As of May 8, 2013, six analysts have given “hold” rating and two have assigned a “buy” rating to the stock of Darling International Inc.

International Game Technology (NYSE:IGT) shares are trading down by 0.50% and closed at $17.99. IGT, a gaming company which makes and sells electronic gaming equipment and systems products, reported its second quarter fiscal year 2013 results which ended March 31, 2013. The company announced 11% increase in its total revenues to $600 million from the comparable period in 2012. International Game Technology’s GAAP earnings per share increased 38% to $0.29, while adjusted earnings per share increased 33% to $0.36. The company saw 31% jump in its social gaming revenues to $54 million sequentially from IGT’s 2013 fiscal first quarter. During the second quarter, the company returned $94 million to shareholders. International Game Technology repurchased 4.4 million shares of stock at $17.03per share. The company increased its fiscal year 2013 guidance for adjusted earnings to $1.26 to $1.32 per share. On April 24, 2013, International Game Technology also signed $1 billion credit agreement. As of May 1, 2013, one research analyst has given a “sell” rating, twelve have given a “hold” rating, and nine have given a “buy” rating to International Game Technology’s stock.

About Samantha Donahue

Samantha Donahue is a digital fellow with GDP insider. Samantha earned a Bachelor's degree in Government from Cornell University and later his Master's degree in Journalism from Columbia University. She has also received numerous awards from the Associated Press, Society of Professional Journalists, and other media organizations for many of her exclusive stories. Samantha thrives reporting on breaking news and as a general assignments news reporter.

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