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