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Patriot Coal Corporation (NYSE:PCX)
PCX reported today its financial results for the quarter ended September 30, 2011. For the 2011 third quarter, PCX reported revenues of $589.4 million and EBITDA of $14.8 million. Revenues and EBITDA for the year-ago quarter were $500.7 million and $13.2 million, respectively. For the nine months ended September 30, 2011, PCX reported revenues of $1.8 billion and EBITDA of $133.6 million. Revenues and EBITDA for the first nine months of 2010 were $1.5 billion and $99.0 million, respectively.
PCX is a leading producer and marketer of coal in the eastern United States, with 14 active mining complexes in Appalachia and the Illinois Basin. PCX ships to domestic and international electricity generators, industrial users and metallurgical coal customers, and controls approximately 1.9 billion tons of proven and probable coal reserves.
For more information about PCX please visit http://www.patriotcoal.com/
Select Comfort Corporation (NASDAQ:SCSS)
SCSS previously reported third-quarter results for the period ended Oct. 1, 2011. Net sales for the quarter increased 25 percent to $200 million, compared to $160 million in the third quarter of 2010, driven by company-controlled comparable sales growth of 26 percent and retail comparable sales growth of 29 percent. SCSS reported net income of $17.2 million, a 64 percent increase versus $10.5 million in the third quarter of 2010. Earnings per diluted share for the quarter increased 63 percent to $0.31, compared to $0.19 per diluted share in the third quarter of 2010.
SCSS is leading the industry in setting a new standard in sleep by offering consumers high-quality, innovative and individualized sleep solutions, which includes a complete line of SLEEP NUMBER® beds and bedding. SCSS is the exclusive manufacturer, seller and servicer of the revolutionary Sleep Number bed, which allows individuals to adjust the firmness and support of each side at the touch of a button. SCSS offers further personalization through its solutions-focused line of Sleep Number pillows, sheets and other bedding products. And as the country's only national specialty mattress retailer, consumers can take advantage of an enhanced mattress-buying experience at one of the approximately 374 Sleep Number stores across the country as well as online at www.sleepnumber.com or via phone at (800) Sleep Number or (800) 753-3768.
For more information about SCSS please visit http://www.selectcomfort.com
Pacific Ethanol, Inc. (NASDAQ:PEIX)
PEIX, entered into an agreement with Pacific Ethanol Management Services, Corp, ("Pacific Services") a wholly-owned subsidiary of Pacific Ethanol, Inc. and ZeaChem Inc. ("ZeaChem"), to provide operations, maintenance and accounting services for ZeaChem's 250,000 gallon per year cellulosic integrated biorefinery in Boardman, Oregon. ZeaChem is a developer of biorefineries for the conversion of renewable biomass into sustainable fuels and chemicals.
PEIX is the leading marketer and producer of low-carbon renewable fuels in the Western United States. PEIX also sells co-products, including wet distillers grain (WDG), a nutritional animal feed. Serving integrated oil companies and gasoline marketers who blend ethanol into gasoline, Pacific Ethanol provides transportation, storage and delivery of ethanol through third-party service providers in the Western United States, primarily in California, Nevada, Arizona, Oregon, Colorado, Idaho and Washington. PEIX has a 20% ownership interest in New PE Holdco LLC, the owner of four ethanol production facilities. PEIX operates and manages the four ethanol production facilities, which have a combined annual production capacity of 200 million gallons. The facilities in operation are located in Boardman, Oregon, Burley, Idaho and Stockton, California, and one idled facility is located in Madera, California. The facilities are near their respective fuel and feed customers, offering significant timing, transportation cost and logistical advantages. Pacific Ethanol's subsidiary, Kinergy Marketing LLC, markets ethanol from Pacific Ethanol's managed plants and from other third-party production facilities, and another subsidiary, Pacific Ag. Products, LLC, markets WDG.
For more information about PEIX please visit http://www.pacificethanol.net/
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