Exxon Mobil Corporation(NYSE:XOM) gained in early trading after reporting earnings that beat Wall Street estimates. The energy producer estimated that Q1 EPS declined 1% from a year earlier to $2.10, beating the consensus forecast of $1.88 measured by Capital IQ. Revenue fell 1% from the prior year to $106.8 billion, missing the analyst forecast of…
T-Mobile US Inc(NYSE:TMUS) shares rose in Thursday’s pre-market session despite a bigger-than-expected Q1 loss and a cut to the wireless-telecommunications company’s forecast for 2014 adjusted earnings before interest, taxes, depreciation and amortization, as investors were encouraged by strong net additions in the quarter and a boost to its 2014 additions guidance. TMUS was up 8%…
Google, Inc.(NASDAQ:GOOGL) is planning a program called “Android Silver,” The Information reports. According to sources, Google will kill the four-year-old Nexus brand, and replace it with Silver, under which manufacturers and wireless carriers “will effectively be paid to produce and sell high-end devices that closely adhere to Google specifications.” Analysts have a consensus price target…
Shares of AstraZeneca plc (ADR)(NYSE:AZN) reached a new high in pre-market trading as Pfizer Inc.(NYSE:PFE) confirmed it has attempted to renew negotiations on a possible merger. Pfizer submitted a preliminary indication of interest to the board of directors of AstraZeneca in January 2014 regarding the possible merger. AstraZeneca declined to pursue negotiations at that time, but…
CLSA expects QUALCOMM (NASDAQ:QCOM)’s Q1 and Q2 to be inline but longer-term, sees meaningful margin upside in QCT from likely consolidation in the baseband industry. The firm views valuation as attractive and reiterates its Outperform rating and raises its price target to $90 from $82. Analysts have a consensus price target of $78.92 on QUALCOMM…
Whispers on the Street put microblogging site Weibo’s IPO price at $17-$19 a share. Known as the Chinese version of Twitter, China-based Weibo is a subsidiary of SINA Corp. (SINA). Weibo has approximately 129 million monthly active users (MAUs), an overwhelming majority of them on mobile MAUs. The company’s revenues increased significantly from $65.9 million…
