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Four Stocks Move Thursday

- By Omar Venerio

In Thursday trading, L Brands Inc. (LB) lost ground on the heels of the company reporting its financial results for the fourth quarter. The company posted adjusted earnings of $2.11 per share. Revenue increased 7.3% year over year to $4.28 billion. Further, the company beat earnings estimates by six cents and revenue expectations by $100 million.

Looking ahead, the company expects full-year 2018 earnings per share to be between $2.95 and $3.25. For the first quarter, earnings per share are projected to range from 15 cents to 20 cents.


Shares of AmTrust Financial Services Inc. (AFSI) traded higher on news it is being acquired and taken private in a $2.7 billion deal. Evergreen Parent, an entity formed for the purpose of acquiring AmTrust, will pay $13.50 per share in cash, representing an approximately 13% premium to the stock's closing price on Wednesday.

"As a private enterprise, we will be able to focus on long-term decisions, without the emphasis on short-term results," Chairman and CEO Barry D. Zyskind said.

Altria Group Inc. (MO) shares fell after its board of directors approved a 6.1% dividend hike to 70 cents per share. The annualized dividend rate is $2.80 per common share, representing a yield of 4.5% based on the current price.

Shares of The Medicines Co. (MDCO) advanced 10% after announcing it is going to reduce the number of directors on its board from 12 members to seven.

D isclosure: The author holds no positions in any stocks men tioned .

This article first appeared on GuruFocus.


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