Impact of News on Stocks: UGI Corporation (NYSE:UGI), Palatin Technologies (NYSE:PTN), Vornado Realty Trust (NYSE:VNO)
UGI Corporation (NYSE:UGI) [Trend Analysis] has 172.68 million outstanding shares and its share price finished at $45.04 by moving down -0.49% in last traded session. UGI Corp. (UGI) reported that its fiscal THIRD QUARTER earnings of $60.7 million. On a per-share basis, the King Of Prussia, Pennsylvania-based firm stated it had profit of 34 cents. Earnings, adjusted for one-time gains and costs, came to 23 cents per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share. The natural gas and electric utilities operator. posted income of $1.13 billion in the period. UGI expects full-year earnings in the range of $1.95 to $2.05 per share. . As the returns are concern, return on equity was recorded 12.50% and firm surged its return on investment of 10.00% while its return on asset stayed at 3.30%.
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Palatin Technologies Inc. (NYSE:PTN) [Trend Analysis] shares price dropped -14.09% to close at $0.70. Palatin Technologies (PTN) reported that it priced underwritten offering of units with anticipated gross proceeds of $9.25 million. Each unit will consist of a share of ordinary stock and a Series H warrant to purchase 0.75 of a share of ordinary stock.
The units of ordinary stock and Series H warrants will be priced at $0.675, and units of Series I prefunded warrants and Series H warrants will be priced at $0.665. The Series H warrants will be exercisable six months following the date of issuance, will expire on the fifth anniversary of the date of issuance, and have an exercise price of $0.70. The Series I prefunded warrants are immediately exercisable at par value, $0.01 per share, and expire on the tenth anniversary of the date of issuance. Upon closing the Firm will issue a total of about 13.7 million ordinary shares and Series I prefunded warrants exercisable for ordinary shares, and Series H warrants to purchase about 10.3 million ordinary shares. Its return of equity was recorded -572.90% and its return on investment was calculated -137.30%. Its 50-Day moving average was 32.80% and 200-Day moving average was 20.81%.
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Vornado Realty Trust (NYSE:VNO) [Trend Analysis] finished at $107.69 with shares surged 0.27%. Vornado Rlty Trust (VNO) reported that redemption of 6.875% Series J Cumulative redeemable preferred shares. The firm reported that it is calling for the redemption of all of its outstanding 6.875% Series J Cumulative Redeemable Preferred Shares on September 1, 2016 at a redemption price of $25.00 per share, or $246.25 million in the aggregate, plus accrued and unpaid dividends through the date of redemption. American Stock Transfer & Trust Firm LLC is serving as redemption agent. A look on the firm performance, its weekly performance was 2.81%, monthly performance was 7.56%. The stock price is moving up from its 20 days moving average with 5.72% and isolated positively from 50 days moving average with 9.34%.
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