Technology stocks still were adding to their day-long advance, with shares of technology companies in the S&P 500 gaining 0.7% Thursday. In company news, Tessera Technologies (NASDAQ:TSRA) is up more than 8% this afternoon after the maker of miniaturization technologies said it will receive $196 million after reaching a settlement with Powertech Technology Co. Ltd….
Shares of J.C. Penney Company, Inc. (NYSE:JCP) have soared almost 27% in pre-market trade to $7.55 after the company reported Q4 results during yesterday’s after-hours session that topped analyst expectations. JCP reported earnings per share losses of $0.68 for the quarter, compared to analyst forecasts of losses of $0.76 per share. The retailer also reported…
Financial shares were lower in pre-market session Thursday ahead of durable goods orders data, which is expected to show a slowdown. In financial stocks news, Toronto-Dominion (NYSE:TD, TD.TO) was up about 4% pre-market after it reported adjusted Q1 earnings per share were C$1.06, compared with C$1.00 a year prior. The Street expected earnings of C$1.05…
American Depositary Receipts of Trina Solar Limited (NYSE: TSL) are up 0.1% in the pre-market session, as the solar-power products manufacturer reports a new EPC contract with Fresh Fruits Company, a food storage and logistics company in Amman, Jordan. TSL has been awarded the contract that calls for engineering, procurement, and construction services for a…
AXA’s (ADR) (AXAHY) full-year results capped off a record year for the firm. Fueled by a 12% increase in operating earnings from the company’s property and casualty insurance business, which benefited from higher volume and investment income, AXA’s operating earnings for the full year 2013 increased 12% from last year’s level to EUR 4.6 billion. Operating…
Valeant Pharmaceuticals International (NYSE:VRX) is due to issue its quarterly earnings report in the upcoming extended-hours session. Given its history, traders can expect light trading in the issue immediately following its quarterly earnings announcement. Historical earnings event related premarket and after-hours trading activity in VRX indicates that the price change in the extended hours is…
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