JDS Uniphase
Corporation (NASDAQ:JDSU) among the gainers and the stock jumped up 8.43% to $11.58.
The Company reported fourth quarter loss of $24.3 million or 10 cents per share
compared to profit of $9.3 million or four cents per share in the prior year
period. However, analysts expected per-share earnings of 12 cents. Revenue
decreased 6.9% to $439.3 million. Gross margin was 41.6% from 43.3%. Revenue
from the test-and-measurement segment declined 7.1%. Revenue from the communications
and commercial-optical products segment reduced 8.6%.
Can JDSU
Continue To Move Higher? Get The Special Report Here
Nokia
Corporation (ADR) (NYSE:NOK) went up 3.61% to $2.58. Standard & Poor's
Ratings Services has lowered its long-term corporate credit rating on Nokia Oyj
to BB- from 'BB+' and affirmed its 'B' short-term corporate credit rating. The
outlook is negative. The decline in rating reflects a downward revision of
S&P's estimates of revenues and profitability for Nokia's smartphone
operations in 2012 and 2013.
Vringo Inc
announced the closing of previously announced registered direct offering. Nokia
agreed to sell to Vringo a portfolio consisting of over 500 patents and patent
applications worldwide. Vringo anticipates receiving assignments of the patents
and patent applications over the next three months.
Sirius XM Radio Inc (NASDAQ:SIRI) is
up marginally 0.24% to $2.54. Liberty
Media disclosed in an SEC filing that that it has purchased another 89.97
million shares. This will increase the Company’s stake to 48% from 46.2%.
How Far SIRI Can Go Now? Find Out
Diamond Offshore Drilling Inc (NYSE:DO)
went up 0.35% to $67.87.
The Company’s subsidiary has entered
into a contract with Jurong Shipyard of Singapore to build a moored
semisubmersible rig with delivery scheduled for the second quarter of 2014.
Total cost for the project is expected to be approximately $370 million.
AMC
Networks Inc (NASDAQ:AMCX) decreased 2.94% to $39.94.
Charles F. Dolan on August 14, 2012
sold 1,750,000 shares of Class A Common Stock for liquidity and tax planning
purposes. This information was provided to the Company.
No comments:
Post a Comment