Shares of Carnival Corporation (NYSE: CCL) fell about 4.30% by afternoon trade after the cruise company late on Monday downwardly revised its full-year outlook. Higher costs, current pricing strategy has resulted in more-than-expected dip in revenue yields, the Company said. Besides, higher-than-expected number of voyage cancellations is also expected to weigh on the top line. Carnival Corp now expects earnings of $1.45 to $1.65 a share down from its initial guidance of $1.80 to $2.10 a share. Revenue yields are expected to drop between 2% and 3% compared to original forecast of flat revenue yields.
Continue reading Major Movers on May 21; CCL, MDT, TIVO, SKS, URBN
The Home Depot Inc. (NYSE: HD) reported on Tuesday that its fiscal first-quarter profit rose 18% thanks to strong growth both in the revenue and comparable-store-sales.
Continue reading Home Depot Beats Q1 Estimates, Boosts FY Guidance (HD)
Shares of Nostra Energy Inc. (OTC: NORX), an exploration stage company engaged in the exploration and development of oil and gas properties in the U.S., are climbing in trading today. At last check, NORX shares were trading 1.97% higher at $0.775 on volume of 597,901. The stock hit an all-time high of $0.79 earlier today. NORX shares have gained more than 10% in the last three trading sessions.
Continue reading Micro-Caps on the Move; Nostra Energy Inc. (NORX), Save The World Air Inc. (ZERO), Globalstar Inc. (GSAT)
TiVo Inc. (NASDAQ: TIVO) said late on Monday that its fiscal first-quarter loss narrowed thanks to higher revenue and fairly reasonable growth in subscribers’ base.
Continue reading TiVo Reports Narrower Q1 Loss as Revenue and Subscribers Rise (TIVO)
Shares of SolarCity Corp. (NASDAQ: SCTY) rallied about 14% by afternoon trade. The stock has been gaining since last week after the company announced that it entered in a financing deal with Goldman Sachs. According to the deal, Goldman Sachs will fund in excess of $500 million on solar projects managed by San Mateo, Calif. based Company.
Continue reading Major Movers on May 20; SCTY, FSLR, FWLT, RAVN, WCRX, ACT
Shares of iTalk Inc. (OTC: TALK), a wireless technology value added reseller, are soaring in trading today. At last check, TALK shares were trading 19.09% higher at $1.31 on volume of 3.13 million. The stock hit an intra-day high of $1.35 earlier today. TALK shares have gained more than 20% in the last three trading sessions.
Continue reading Micro-Caps on the Move; iTalk Inc. (TALK), Nuvilex Inc. (NVLX), Westinghouse Solar Inc. (WEST)
Generic drug maker Actavis Inc (NYSE: ACT) announced on Monday that it has agreed to acquire specialty pharmaceutical Company, Warner Chilcott Plc (NASDAQ: WCRX) in stock swap deal, valued at almost $5 billion.
Continue reading Actavis To Acquire Warner Chilcott (ACT, WCRX)
Shares of Aruba Networks Inc. (NASDAQ: ARUN) tumbled about 26.50% by afternoon trade after the wireless equipment maker, late last evening, said that it swung into third quarter loss as the bottom line was felt the impact due to rising expenses, higher taxes. The Company also provided disappointing guidance for the fiscal fourth quarter. The Company now anticipates earnings come in the range of 10 cents to 12 cents a share on revenue range of $148 million to $150 million. Analysts polled by Thomson Reuters had most recently forecasted earnings of 17 cents a share on revenue of $157 million. Excluding onetime items, adjusted earnings stood at 11 cents a share in the fiscal third quarter compared to 16 cents a share, in the year-earlier quarter. Revenue jumped 12% to $147.1 million. Earlier in May the Company provided earnings guidance of 11 to 12 cents a share on revenue range of $144 million to $147 million.
Continue reading Major Movers on May 17; ARUN, BRCD, ADSK, JCP, DE
Shares of Xumanii (OTC: XUII), an all-inclusive online platform that provides users the opportunity to create a “Live Broadcast” in true high definition, are rallying in trading today. At last check, XUII shares were trading 15.99% higher at $0.373 on volume of 8.03 million. The stock has gained more than 17.10% in the last three trading sessions.
Continue reading Micro-Caps in Focus; Xumanii (XUII), Cereplast Inc. (CERP), HPC POS System Corp. (HPCS)