Shares of Facebook Inc. (NASDAQ: FB), the social networking giant, are seeing a huge rally in trading today. At last check, FB shares were trading 9.26% higher at $21.70 on above average volume of 91.27 million. The stock hit an intra-day high of $22.09 in trading today. FB shares have gained nearly 13% in the last three trading sessions.
Shares of Sony Corporation (ADR) (NYSE: SNE), a Tokyo-based company primarily focused on the electronics, game, entertainment and financial services sectors, are sinking in trading today. At last check, SNE shares were trading 7.80% lower at $9.93 on above average volume of 4.69 million. The stock fell to a 52-week low of $9.86 in trading today. SNE shares have fallen nearly 9% in the last three trading sessions.
Shares of Staples Inc. (NASDAQ: SPLS), an office products company serving businesses of all sizes in North America, Europe, Australia, South America and Asia, are up sharply in trading today. At last check, SPLS shares were trading 2.44% higher at $11.52 on volume of 5.01 million. The stock hit an intra-day high of $11.83 in trading today.
SPLS shares are gaining even as the company swung to a loss in its third quarter. For the third quarter ended October 27, 2012, SPLS reported total company sales of $6.4 billion, down 2% over the same period in the previous year. The company reported GAAP net loss of $569 million, or $0.85 per share, compared to net income of $324 million, or $0.46 per share reported for the same period in the previous year. Excluding one-time items, SPLS reported net income of $310 million, or $0.46 per share, beating Street estimates of $0.45 per share.
Ron Sargent, Chairman and CEO of Staples, said that during the third quarter the company launched a new strategic plan to become the product authority for businesses, restructured its organization, and generated solid earnings excluding charges. Sargent said that going forward, SPLS is in a much stronger position to pursue its best growth opportunities.
Shares of Woodward Inc. (NASDAQ: WWD), a designer, manufacturer and service provider of energy control and optimization solutions, are rallying in trading today. At last check, WWD shares were trading 10.29% higher at $35.37 on above average volume of 393,477. The stock hit an intra-day high of $36.68 in trading today.
WWD shares are soaring after the company reported its fourth-quarter financial results. For the fourth quarter of fiscal 2012, WWD reported net sales of $528.7 million, representing an increase of 8% over the same period in the previous year. The company’s earnings for the quarter were $0.66 per share, compared to $0.60 per share reported for the same period in the previous year. Free cash flow for the fourth quarter of fiscal 2012 was $59.8 million, up 15% over the same period in the previous year.
Thomas A. Gendron, Chairman and CEO of Woodward, said that WWD finished the year with strong sales and earnings, while continuing its strategic investments in future growth. Gendron further said that fourth-quarter profitability improved as the company recovered from the impacts of the unusual operational issues experienced in the third quarter.
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