Investors Buzz: Fibria Celulose SA (ADR) (NYSE:FBR), Invesco Mortgage Capital Inc (NYSE:IVR), Booz Allen Hamilton Holding Corporation (NYSE:BAH), Quicksilver Resources Inc (NYSE:KWK)
Fibria Celulose SA (ADR) (NYSE:FBR) stock decreased 3.30% to $10.85. The company on July 24 posted a second-quarter loss as a currency swing drove up debt-servicing costs. The net loss of 573 million reais ($258 million) was 13 percent wider than a year earlier but below the average estimate of a 673 million reais loss in a Reuters poll of seven analysts. The stronger dollar ultimately led to the net loss, however, triggering a net financial loss of 1.16 billion reais.
Invesco Mortgage Capital Inc (NYSE:IVR) shares fell 3.27% and closed at $15.36. The company on July 31 announced results for the quarter ended June 30, 2013.
For the quarter ended June 30, 2013, the Company had average borrowings of approximately $19.1 billion and interest expense, including cost of hedging, of $79.5 million, compared to $17.2 billion and $67.6 million, respectively, for the first quarter of 2013. Our average cost of funds was 1.66% and 1.57% for the second quarter and first quarter, respectively.
Booz Allen Hamilton Holding Corporation (NYSE:BAH) shares declined 3.24% to $20.32. The company on August 2 announced it has now won four of the Full and Open Pillar contracts involving a range of full system lifecycle support activities for the Space and Naval Warfare Systems Center Atlantic (SCC Atlantic). Most recently, the firm won a contract with a total ceiling of nearly $900 million to support the integrated cybersecurity and Command, Control, Communications, Computers, Intelligence, Surveillance, Reconnaissance (C4ISR) operations of the Space and Naval Warfare Systems Center Atlantic (SCC Atlantic).
Quicksilver Resources Inc (NYSE:KWK) stock decreased 3.21% to $1.51. The company will release its Q2 2013 earnings data before the market opens on Tuesday, August 6th.
Separately, Analysts at Barclays Capital cut their price target on shares of Quicksilver Resources from $2.00 to $1.00 in a research note to investors on Wednesday, July 24th. They now have an “underweight” rating on the stock.