Aug 12, 2013

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Stocks in Focus: TreeHouse Foods Inc. (NYSE:THS) and Canadian Solar Inc.’s (NASDAQ:CSIQ)

Stocks in Focus: TreeHouse Foods Inc. (NYSE:THS) and Canadian Solar Inc.’s (NASDAQ:CSIQ)

TreeHouse Foods Inc. (NYSE:THS) decided to purchase powdered-drinks maker Associated Brands GP Corp. in a bid of 187 million Canadian dollar ($180 million) in cash from TorQuest Partners LLC to acquire entry into the rising specialty tea category.

The food manufacturer also declared its second-quarter earnings plunged 4.8% among restructuring charges and a slight sales drop.

TreeHouse predicted to end the agreement in the third quarter. The deal should be neutral to 2013 earnings and add almost 14 cents to 16 cents to 2014 per-share earnings.

TreeHouse declared a profit of $18.6 million, or 50 cents per share, lower as compared to $19.5 million, or 53 cents, a year ago. Omitting items including restructuring and acquisition costs, revised earnings jumped up to 65 cents per share as compared to 60 cents.

Canadian Solar Inc.’s (NASDAQ:CSIQ) announced that its second-quarter loss declined and margins enhanced as the solar power firm’s shipments moved up.

Shares were lately lower 3.1% to $13.87 premarket as results came in short of consensus forecasts. The stock has more than increased over the last three months, through Wednesday’s ending.

The manufacturer of solar panels and equipment had seen its revenue drop for over a year as tepid demand and an oversupply of low-priced solar panels from China pushed wafer and module prices tumbling.

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