SAN FRANCISCO (MarketWatch) – Among the companies whose shares are expected to be actively traded at Friday’s session, Intel Corp. and Finisar Corp.
After closing on Thursday Intel
said it was so boost revenue forecast in the second quarter about improving PC demand. Intel now expects sales this quarter to be $ 13.7 billion plus or minus $ 300 million compared to the previous forecast of $ 13 billion plus or minus $ 500 million. “Changes in the future are mainly due to high demand for business PCs,” said Intel. Shares of Intel rose 4.9% in trading during non-business hours.
At the end of Thursday, fourth-quarter earnings rose to $ 28.4 million, or 27 cents a share, from $ 3.9 million, or 4 cents a share, a year ago. On an adjusted basis, Finisar earned 36 cents a share, less than the 38 cents forecast by analysts in the FactSet poll. Revenue rose to $ 306 million from $ 243.4 million. The financier also forecast earnings in the first quarter of funding of $ 320-335 million and adjusted earnings per share from 30 to 34 cents. Shares of Finisar fell by 20% in a short time.
rose 22% late Thursday after a clothing retailer said private company Sycamore Partners had expressed interest in acquiring it. Sycamore said in a statement to the SEC that it had acquired a 9.9% stake in Express. Express has set up a special committee of the board of directors to determine action on a letter of interest from Sycamore, but has also adopted a shareholder rights plan. The plan has a 10% trigger that will give the board time to consider any and all alternative proposals. According to the plan, one right will be allocated to each share of the Express, which is in circulation at the end of the working day on June 23.
TD Ameritrade Holding Corp.
on Thursday revealed the revenue he receives for routing trade orders to designated locations for execution, and said it plans to disclose routing revenue every quarter beginning in July. Disclosure occurs at a time when regulators are tightening control over the relationship between trading venues and high-speed traders.
The consortium, which owns the leading American Spanish company Univision Communications Inc., has begun talks with potential buyers, including CBS Corp.
and Time Warner Inc.
This was reported on Thursday evening by the Wall Street Journal, citing people familiar with the matter. Owners want at least $ 20 billion for the company after buying it in 2007 for $ 13.7 billion, including debt, the report said.
This article is first published on Source link