Shares of Tellabs Inc. (NASDAQ: TLAB), a company engaged in the designing and marketing of equipment and services to communications services providers, are soaring in trading today. At last check, TLAB shares were trading 16.27% higher at $3.43 on above average volume of 13.08 million. The stock hit an intra-day high of $3.50.
TLAB shares are soaring in trading today after the company today announced that its Board of Directors approved a special cash dividend of $1 per share, which will be payable on December 21 to shareholders of record as of close of business on December 14.
Shares of Five Below Inc. (NASDAQ: FIVE), a retailer offering a range of merchandise for teen and pre-teen customers, are seeing a huge rally in trading today. At last check, FIVE shares were trading 15.39% higher at $36.22 on above average volume of 1.43 million. The stock hit an intra-day high of $36.80 in trading today. In the last three trading sessions, the stock has gained more than 28%.
FIVE shares are soaring in trading today after the company reported better-than-expected third-quarter earnings. For the third quarter, FIVE reported earnings of $0.03 per share, up from $0.01 per share reported for the same period in the previous year. Analysts were expecting the company to report third-quarter earnings of $0.01 per share.
For the fourth quarter, the company expects adjusted earnings to be between $0.35 per share and $0.37 per share.
Shares of Clearwire Corporation (NASDAQ: CLWR), a provider of fourth-generation wireless broadband services, are rallying in trading today. At last check, CLWR shares were trading 8.14% higher at $2.39 on volume of 13.66 million. The stock hit an intra-day high of $2.47 in trading today.
Shares of Wal-Mart Stores Inc. (NYSE: WMT), the world’s largest retailer, are up sharply in trading today. At last check, WMT shares were trading 1.34% higher at $71.78 on volume of 7.23 million. The stock hit an intra-day high of $71.99 in trading today. WMT shares have gained more than 3% in the last three trading sessions.
WMT recently reported its third-quarter financial results. For the third quarter ended October 31, 2012, the Bentonville, Arkansas-based retailer reported net sales of $113.2 billion, representing an increase of 3.4% over the same period in the previous year. The company’s income from continuing operations for the quarter was $3.6 billion, up 8.7% over the same period in the previous year.
Shares of Facebook Inc. (NASDAQ: FB), the social networking giant, are marginally higher in trading today. At last check, FB shares were trading 0.44% higher at $27.44 on volume of 48.87 million. The stock hit an intra-day high of $27.53 and in the last three trading sessions, it has gained more than 5%.
Shares of Quanta Services Inc. (NYSE: PWR), a provider of specialty contracting services offering infrastructure solutions to the electric power, natural gas and oil pipeline and telecommunications industries, are up sharply in trading today. At last check, PWR shares were trading 1.97% higher at $25.90 on above average volume of 2.76 million. The stock hit an intra-day high of $26.28 today, and it has gained more than 3% in the last three trading sessions.
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