Tag: PCS

Major Movers on May 1; DWA, HUM, PCS, TRLA, REGN, RATE

Shares of DreamWorks Animation Skg Inc. (NASDAQ:DWA) gained about 6.85% by afternoon trade after the studio following the closing bell on Tuesday surprised the street by posting fiscal first quarter profit and handed revenue which comfortably edged past consensus estimate. For the recently concluded quarter, DreamWorks reported net income of $5.6 million or 7 cents a share against profit of $9.1 million or 11 cents a share, in the year-earlier quarter. Revenue for the period came at $135 million compared to $136.1 million, in the same period of last fiscal. Analysts were expecting a loss of 3 cents a share on revenue of $99 million.

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Japan’s SoftBank to Acquire 70% Stake in Sprint Nextel (S)

Japan’s SoftBank Corp. today announced that it will acquire a 70% stake in Sprint Nextel Corp. (NYSE: S), the No. 3 U.S. wireless carrier, for $20.1 billion. The Wall Street Journal had last week reported that the two companies were in advanced talks for a deal. The deal comes a few days after the announcement of the T-Mobile/MetroPCS Communications Inc. (NYSE: PCS) merger.

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Major Gainers and Losers in Early Trading on October 2; ILMN, MOS, PCS, GGP, GMED, EXPR

Shares of Illumina Inc. (NASDAQ: ILMN), a developer and manufacturer of life sciences tools and integrated systems for the analysis of genetic variation and function, are soaring in trading today. At last check, ILMN shares were trading 6.61% higher at $52.27 on above average volume of 4.94 million. ILMN shares hit an intra-day high of $52.96 in trading today.

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