Newell Rubbermaid Inc (NYSE:NWL) up by 2.95%, Chesapeake Energy Corporation (NYSE:CHK)

Posted by Lacee Page May 13, 2013 0 Comment 1464 views


Newell Rubbermaid Inc (NYSE:NWL): The trading session on Friday saw Newell Rubbermaid Inc (NYSE:NWL) shares gaining by 2.95%. The opening price of $26.75 touched an intraday high of $27.63 per share before setting down to $26.65. The total number of shares floated in Friday’s trading session was around 3.72 million, which stood above the average volume of 2.84 million, measured over a 30-day period.

Newell Rubbermaid is the manufacturer of widely-sold products such as Calphalon cookware and Sharpie pens. Just last week, the company put up for sale, its teaching and hardware platform businesses. This is part of a restructuring plan that the company has embarked upon, to boost profitability. The businesses include brands such as Ashland, Amerock and Bulldog. The Atlanta-based Newell Rubbermaid Inc (NYSE:NWL) represented a revenue of around $300 million in 2012. Last year, the company’s total revenue was $5.9 billion, which rose less than 1% from the previous period.

Newell Rubbermaid Inc. is an international marketer of commercial as well as consumer products. The Company markets its products under a number of brands which  include Rubbermaid, Sharpie, Goody, Parker, Levolor, Calphalon, Paper Mate, Waterman, Aprica Irwin, Graco, Lenox and Dymo.

Chesapeake Energy Corporation (NYSE:CHK): The trading session on Friday saw Chesapeake Energy Corporation (NYSE:CHK) shares gaining by 2.91 %. The opening price of $19.53 touched an intraday high of $20.25 per share before setting down to $19.29. The total number of shares floated in Friday’s trading session was around 11.38 million, which stood above the average volume of 9.62 million, measured over a 30-day period.

Chesapeake Energy Corporation reported $0.30 per share adjusted profit. This result represented y-o-y growth of 67% which topped the $0.26 per share average analysts’ estimate, hands-down. CHK reported $3.42 billion in revenues,   which was a 42% increase from the same quarter in 2012. The analysts’ average estimates had been $3.1 billion.

These healthy results were attributed to the rebound in prices of natural gas and good production growth. There was a 9% growth in production in the 2013 first-quarter on a year over year basis. There was a 24% rise in the production of liquids in comparison to the 19% that it stood at, a year ago.


About Lacee Page

Lacee Page is our White House and political campaign reporter. Lacee also covers justice and national law enforcement issues and congressional reporter focusing on the outputs of the legislative process: government spending, agency regulation and congressional oversight. Lacee received a national Edward R. Murrow for spot news award and the regional Associated Press award for best newscast. Lacee attended Riverview High School near Coshocton, and graduated from Ashland College in Ashland, Ohio with a Bachelor of Arts degree in Communications.

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