Boston, MA 02/10/2014 (wallstreetpr) – Genpact Limited (NYSE:G) was a source of bad news Friday when the stock fell more than 17 percent after posting net profit decline for the quarter ended December. Genpact realized net profit of $48.8 million, an 8.6 percent drop from the $53.4 million realized in 2012. While profit took a nosedive in the fourth quarter, revenue was up 10 percent from $507.7 million in the fourth quarter of 2012 to $558.5 million in the quarter under review. For the full year $2013, net profit was $229.7 million and revenue was $2.13 billion. Both the full year net profit and revenue were up in the year attaining 28.9 and 12.1 percent growth respectively. Citing that it expects headwinds to continue in the current fiscal, Genpact Limited (NYSE:G) has projected its revenue to grow in the range of $2.22 to 22.26 billion.
Chesapeake Energy Corporation (NYSE:CHK) is planning to double its capacity in Utica shale region in 2014. From the equivalent of 400 million cubic feet per day, the company now hopes to attain 800 million cubic feet per day by December. CHK is the most active driller eastern Ohio. The company is determined to spend about 20 percent less on capital expenditure this year than it did in the previous year. CHK is turning its attention to drilling in the U.S. shale regions, where the natural gas liquids return is high. Chesapeake Energy Corporation (NYSE:CHK) has 564 permits in Ohio and this year it hopes to drill 35 percent of its 2014 budget in Eagle Ford shale, Texas.
Roundy’s Inc (NYSE:RNDY) has set a price of $7 per share for the underwritten public offering of about 8.8 million shares of its common stock. The company itself is offering 1.9 million common stock shares, while certain stock holders are offering 5.9 million shares of Roundy’s Inc (NYSE:RNDY). The underwriters have room for additional purchase of 1.3 million from the selling stockholders. That window of opportunity for additional purchase is 30 days. This offering closes on February 12.
