Thursday, September 6, 2012

Nokia Corporation Bounce Back Slightly NOK, WEST, CRM, ABM, FCEL, ABM)

Nokia Corporation (ADR)(NYSE:NOK) shares jumped 4% in the pre-market session after slumping 16% in yesterday’s session. Yesterday’s the stock saw heavy selling pressure on heavy volume after The Finnish handset maker on Wednesday released the Lumia 920 and Lumia 820 running on Windows Phone 8 software, but failed to impress investors.

Microsoft and Nokia are hoping that brighter colours, a bigger screen and technology that reduce blur and shakiness in pictures and video - will become a potent weapon in an escalating global war to dominate the mobile industry.

But, according to GMA News, investors said it lacked "wow" and gave it a quick thumbs-down. Some analysts said Nokia's reticence about dates, prices or carrier partners also did not help.

Should Investors Buy NOK After Yesterday’s Slump Or Should They Wait? Find Out Here

Westinghouse Solar Inc(NASDAQ:WEST) and CBD Energy Ltd., (ASX:CBD), gave an update on their previously announced merger and stock listing. Westinghouse Solar received notice from the NASDAQ Hearings Panel that the company's shares will cease trading on the NASDAQ Capital Market as of the open of trading on Thursday, September 6, 2012. At that time, the company's shares will begin trading on the OTCQB Marketplace and will continue to trade under the symbol WEST.

salesforce.com, inc.(NYSE:CRM) plans to withdraw its applications to trademark the term "social enterprise. For nearly two years, salesforce.com has evangelized the term "social enterprise" to describe how social and mobile cloud technologies empower companies to connect with customers, partners, and employees in entirely new ways.

Additionally, Wells Fargo & Co. reiterated their outperform rating on shares of CRM in a research report sent to investors this week.

ABM Industries, Inc.(NYSE:ABM) posted third-quarter net income of $12.58 million or $0.23 per share from $27.88 million or $0.51 per share in the year-ago period. Adjusted income from continuing operations were $20.4 million or $0.37 per share, down from $27.9 million or $0.51 per share in the year-ago period. Revenues for the quarter were flat with the year-ago period at $1.08 billion. Analysts expected the company to earn $0.42 per share on a consensus revenue estimate of $1.09 billion.

The company’s board of directors has authorized a share repurchase program of up to $50 million. As of August 30, 2012, the company had about 54 million shares outstanding.

Looking forward, the company announced that it is lowering guidance for fiscal 2012 adjusted income from continuing operations per diluted share to $1.36 to $1.42. The Company is also revised income from continuing operations per diluted share to $1.08 to $1.14.

FuelCell Energy, Inc.(NASDAQ:FCEL) stock declined 10% to $0.90 in the after hour trading after the company reported a third-quarter net loss of $10.7 million, from $8.6 million in the prior year quarter. Loss per share for the quarter narrowed to $0.06 from $0.07 in the year-earlier period. Adjusted loss was $8.6 million or $0.07 per share. Total revenues declined to $29.69 million from $31.16 million in the comparable quarter last year. Analysts expected a loss of $0.04 per share on revenues of $31.94 million for the quarter.

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