World’s largest jet engines and wind turbine manufacturer, General Electric Co. (NYSE: GE) posted better-than-expected fiscal fourth-quarter results as CEO Jeff Immelt’s deeper focus both on energy equipment business and emerging markets offset lackluster demand in the U.S and Europe.
Category: Large Cap Growth Stocks
Major Movers on January 17; BAC, C, EBAY, CLSN, COLM, BLK, FITB
Bank of America Corp. (NYSE: BAC) shares plunged 3.75% by midday trade as the company’s revenue dropped nearly 25% in the fourth quarter. For the fiscal fourth quarter, BAC reported earnings of $732 million or 3 cents a share on revenue of $18.7 billion. Analysts polled by Thomson Reuters were expecting earnings of 2 cents a share on revenue of $20.6 billion.
Continue reading Major Movers on January 17; BAC, C, EBAY, CLSN, COLM, BLK, FITB
Bank of America Reports Q4 Results (BAC)
Bank of America Corp. (NYSE: BAC), one of the biggest U.S. banks, reported its fourth-quarter financial results. Shares of the Charlotte, North Carolina-based bank fell sharply in early trading following the release of quarterly results.
Major Movers on January 16; CMG, RKUS, CMA, GS, AAPL, GNW
Shares of casual dining chain, Chipotle Mexican Grill Inc. (NYSE: CMG) plunged 5.38% during early trade on Wednesday after it said late on Tuesday that fiscal fourth-quarter earnings would fall short of Street’s estimates, citing rising food costs even as revenue for the period is expected climbed by 17% from the year earlier quarter.
Continue reading Major Movers on January 16; CMG, RKUS, CMA, GS, AAPL, GNW
Comerica Shares Gain on Q4 Results (CMA)
Shares of Comerica Incorporated (NYSE: CMA), a financial services company, are up sharply in trading today after the company reported its fourth-quarter financial results.
Santarus Shares Surge on FDA Approval of UCERIS (SNTS)
Shares of Santarus Inc. (NASDAQ: SNTS), a specialty biopharmaceutical company engaged in the acquisition, development and commercialization of products that address the needs of patients treated by physician specialists, surged on Tuesday after the company received FDA approval of UCERIS™ (budesonide) for the induction of remission in patients with active, mild to moderate ulcerative colitis.
Continue reading Santarus Shares Surge on FDA Approval of UCERIS (SNTS)
Express Shares Surge after Company Raises Q4 Outlook (EXPR)
Shares of Express Inc. (NYSE: EXPR), a specialty apparel and accessory retailer, are seeing a huge rally in trading today after the company raised its outlook for the fourth quarter and full year 2012.
Continue reading Express Shares Surge after Company Raises Q4 Outlook (EXPR)
Major Movers on January 15; LULU, DELL, AAPL, FRX, SNTS
Shares of Lululemon Athletica Inc. (NASDAQ: LULU) slumped on Tuesday after the yoga and athletic apparel retailer late on Monday boosted its earnings projections for fiscal fourth quarter but remained in line with Street’s estimate and missed analysts’ revenue expectations.
Continue reading Major Movers on January 15; LULU, DELL, AAPL, FRX, SNTS
Lennar Reports Q4 Results (LEN)
America’s largest homebuilder in terms of market capitalization, Lennar Corp. (NYSE: LEN) reported better-than-expected fiscal fourth-quarter results on Tuesday as revenue soared 42 percent during period, thanks to record low mortgage rates and contracting supply of existing homes which prompted Americans to own a new house.
Major Movers on January 14; AAPL, RIG, HWD, FB, HGG
Shares of Apple Inc. (NASDAQ: AAPL) slumped on Monday after a news report said that the tech giant has slashed its component orders for its latest smartphone model, iPhone5 due to weaker-than-expected demand.
Continue reading Major Movers on January 14; AAPL, RIG, HWD, FB, HGG