Boston, MA, 02/26/2014 (usastockreport) – Zulily Inc (NASDAQ:ZU) jumped to as much as 36% yesterday after it announced better-than-expected first quarter guidance. The current market price of the apparel flash sales site is three times its November intial public offering price of $22. Some of the key takeaways from the company’s fourth quarter results include 45% growth in orders through mobile devices from North America. Moreover, Zulily Inc (NASDAQ:ZU) also received a positive outcome of its efforts to diversify the business as it extended its service to 300 merchants and product offering to 4.5 thousand per day. RBC has revised its rating on the stock upward to Outperform and also raised the price target from $40 to $50 now. The research firm is content with its 568 thousand active customers in the fourth quarter.
In spite of some easing out of gold prices, gold miners are largely challenged to keep their costs under control. Gold miners with lower costs typically perform better than their counterparts who have higher costs. But, since the gold prices remain above the level of $1300 per ounce, Kinross Gold Corporation (USA) (NYSE:KGC) proved to be an exception to these costs concerns as its fourth quarter cost of $1169 per ounce and its future guidance cost at $950-$1050 per ounce seems to be in a comfortable territory, according to the experts.
United States Steel Corporation (NYSE:X) said on Tuesday that it has arrived at the final numbers of its fourth quarter and complete year earnings, which were initially reported in January’14, as it will now reflect the additional tax benefit of almost $392 million. This has resulted in an overall improvement in the complete year’s earnings as the net loss after adjustment now is at $1.672 billion, that is, $11.56 per share as against the earlier figures of $14.27 per share loss on $2.064 billion. United States Steel Corporation (NYSE:X) anticipates that these tax benefits will result in over $300 million of after-tax incremental cash flow for the year 2014.