Nokia
Corporation (ADR)(NYSE:NOK) was another stock which had solid
volume with the stock closed higher by 5.58% to $2.65 on over 56.28 million
shares. The stock had started the year very poorly and the stock slumped 72% in
the first half of the year with hitting 15-year low of $1.63. However, some
investors started finding value in the stock, which had been pushing the stock
higher with a gain of 60% in the past three weeks from its near term low.
Has
NOK Found The Bottom? Get Free Trend
Analysis
The company is rumored to launch new Windows Phone 8
handsets in coming few weeks. However, at the same time, market experts suggest
that it would again be tough task for the company with the new phone in
pipeline as the industry’s leader Apple Inc.(NASDAQ:AAPL) may unveil its iPhone
5.
MGM
Resorts International(NYSE:MGM) shares had an interesting
session as the shares of casino operators jumped despite the company posted
much higher than estimated second-quarter loss, but revenue topped analysts’ forecast
thanks to impressive response from China and higher revenue for hotel rooms.
How
Should Investors Trade MGM After Today’s Gain? Get Free Trend
Analysis
The company posted net loss of $145.5 million, or 30
cents per share, reversing a year ago profit of $3.44 billion, or $6.22 a
share. Revenue came in at $2.32 billion, up 29% year over year from $1.81
billion last year. Analysts were estimating the company to report a loss of 15
cents per share on revenue of $2.35 billion. MGM China revenue rose 6 percent,
driven by higher traffic at its main floor table games and slots.
Shares of the MGM rose 7.46% to $10.08.
NII
Holdings, Inc.(NASDAQ:NIHD) shares slumped to new lows on
Tuesday and ended lower by 24.38% to $6.11, off its nine - year low of $5.65 as
the company trimmed its revenue outlook by about $1 billion as the company
posted unexpected quarterly loss.
The company said that it lost $103.5 million, or 60
cents per share, reversing a year ago profit of f $122.7 million, or 71 cents
per share, while analysts were estimating earnings of 6 cents per share. Revenue
came in at $1.5 billion, down 15% year over, again missing analysts’ target of $1.56
billion.
Can
Investors Buy NIHD After Today’s Fall? Find Here
For the full year, the company now expects to
generate revenue of $6.1 billion with subscribers additions now seen at 1
million from its prior view of 1.4 million.
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