Thursday, September 13, 2012

Stocks In News (NOK, PLL, GU, GG, KR)

Nokia Corporation (ADR)(NYSE:NOK) shares increased 1.45% to $2.79. Nokia Siemens Networks is a joint venture between Finland's Nokia Corp. and Germany's Siemens AG (SI) is in talks with several companies to sell its business support systems unit as part of a drive to offload its non-core segments and focus on its main mobile broadband network equipment division. The company is also looking to sell its applications business.

Pall Corporation (NYSE:PLL) stock gained 8.17% to $62.92 after the company reported fourth-quarter net earnings of $86.21 million from $97.35 million in the year ago quarter. Earnings per share were $0.73 in the quarter, compared to $0.82 last year. Pro forma earnings were $0.99 compared to $0.76 last year, an increase of 30%. Fourth quarter sales were $783.7 million compared to $780.4 million last year. Analysts expected the company to report earnings of $0.77 per share on revenue estimate of $718.79million for the quarter.

Will PLL Continue To Rise? Find Out Here

Gushan Environmental Energy Ltd (ADR)(NYSE:GU) stock gained 1.95% to $1.57 after the company announced that it has entered into an agreement and plan of merger with Trillion Energy Holdings Limited (parent), a British Virgin Islands business company limited by shares, Trillion Energy Investments Holdings Limited (merger sub), a Cayman Islands exempted company wholly owned by Parent, and Mr. Jianqiu Yu, the Company's Chairman and Principal Executive Officer. Parent is wholly owned by the Buyer. The Buyer beneficially owns approximately 34.8% of the Company's issued and outstanding ordinary shares and intends to finance the merger and the other transactions contemplated by the Merger Agreement with his own funds.

Goldcorp Inc. (USA)(NYSE:GG) shares climbed 0.74% to $43.38. BMO Capital Markets restated their outperform rating on shares of Goldcorp and the firm currently has a $57.50 price target on the stock. Additionally, analysts expect that Goldcorp will post $0.00 EPS for the current fiscal year. The company is a gold producer engaged in the operating, exploration, development and acquisition of precious metal properties in Canada, the United States, Mexico and Central and South America.

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The Kroger Co.(NYSE:KR) had its “negative” rating reaffirmed by analysts at Susquehanna. They now have a $18.00 price target on the stock.

Additionally, the company reported a profit of $279.1 million, or $0.51 a share, versus $280.8 million, or $0.46 a share, in the same quarter a year earlier. Adjusted year-ago per-share earnings were 41 cents. Sales, including fuel, rose 3.9% to $21.7 billion.

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