Top Morning News: Cliffs Natural Resources Inc. (NYSE:CLF), Yelp (NYSE:YELP), Attunity, (NASDAQ:ATTU), Northrim Bancorp Inc. (NASDAQ:NRIM), WP GLIMCHER Inc. (NYSE:WPG)


Cliffs Natural Resources Inc. (NYSE:CLF) said Jan 26, that it has canceled its dividend to focus on repaying debt, as the mining company struggles to reshape itself amid tumbling iron prices. Cliffs said cutting the dividend of 15 cents a share will save the company about $92 million a year. On Friday shares of Cliffs Natural Resources Inc. (NYSE:CLF) closed at $6.27. Company’s sales growth for last 5 years was 9.50% and EPS growth for next 5 years is recorded as 5.00%.

On Feb. 5, Yelp Inc. (NYSE: YELP), announced financial results for the fourth quarter and full year ended December 31, 2014. Net revenue was $109.9 million in the fourth quarter of 2014, reflecting 56% growth over the fourth quarter of 2013. Cash flow from operations was $18.9 million in the fourth quarter. Adjusted EBITDA for the fourth quarter of 2014 was $25.1 million, reflecting a nearly 150% increase over the fourth quarter of 2013. Yelp, Inc. (NYSE:YELP) in last trading activity decreased -21.51% to close at $45.11. Company weekly performance is -14.03% while its quarterly performance stands at -21.75%. Yelp, Inc. (NYSE:YELP) is -55.67% away from its 52 week high.

On Jan. 29, Attunity, Ltd. (NASDAQ:ATTU) reported its unaudited financial results for the three-month period and year ended December 31, 2014. Entered into a multi-million dollar technology license agreement with a Cloud services company for a consideration of approximately $7.5 million payable over two years, or over $10 million if the partner exercises additional expansion options. On last trading day Attunity, Ltd. (NASDAQ:ATTU) advanced 0.11% to close at $9.43. Its volatility for the week is 3.26% while volatility for the month is 3.58%. ATTU’s sales growth for past 5 years was 17.00% and its EPS growth for past 5 years was 40.50%. Attunity, Ltd. (NASDAQ:ATTU) monthly performance is -11.54%.

Northrim Bancorp Inc. (NASDAQ:NRIM)announced that Joseph Beedle, President and CEO, has participated on the panel on Pacific Northwest Banks at the FIG Partners’ 6th Annual West Coast Bank CEO Forum on Thursday, February 5, 2015, at 8:00 a.m. PST in San Francisco. Northrim Bancorp Inc. (NASDAQ:NRIM) has 3.60% insider ownership while its institutional ownership stands at 65.30%. In last trading activity company’s stock closed at $22.09.

WP Glimcher (NYSE:WPG) announced that the Company will hold a conference call on Thursday, February 26, 2015 at 11:00 a.m. (ET) to discuss the Company’s financial and operating results for the fourth quarter and full year 2014, issue earnings guidance and outlook for 2015 and provide an update on the Company’s recently completed merger and related ongoing integration. On last trading day WP GLIMCHER Inc. (NYSE:WPG) decreased -2.61% to close at $17.15. Its volatility for the week is 2.11% while volatility for the month is 2.42%. WPG’s sales growth for past 5 years was 0.10% and its EPS growth for past 5 years was 2.10%. WP GLIMCHER Inc. (NYSE:WPG) monthly performance is -4.03%.


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