So far in this earnings season, out of the total 215 companies in the S&P 500 that have released results, about 67% have surpassed Wall Street’s estimates, according to S&P Capital IQ. Most recently analysts predicted overall S&P 500 second-quarter earnings to fall 0.38%, snapping a 10-quarter gaining string. On the economic front investor confidence is picking up again after better-than-expected reports on new unemployment benefit claims and U.S. durable goods orders.
MetroPCS Communications Inc (NYSE:PCS) is leading gains in this category, Sprint Nextel Corporation (NYSE:S) is the most active stock with high gains today after the company posted strong revenue growth, offsetting its more than predicted loss. On the flip side, Interpublic Group of Companies, Inc. (NYSE:IPG) is losing sharply today and Apple Inc. (NASDAQ:AAPL) was down at last check, struggling to at-least regain $600 mark.
Citigroup Inc. (NYSE:C)
Citigroup Inc. announced that it has been selected by Huntington Asset Advisors (Huntington) to offer fund administration, supervision and index acknowledgment services for Huntington Strategy Shares ETFs. The first Huntington ETF, Huntington Ecological ETF, launched on June 20, 2012 and will be pursued by the Rotating Strategy ETF, which is planned to launch July 25th.
[article_detail_ad_1]Citigroup Inc. (NYSE:C) surged +1.43% to $26.16 with the total traded volume of 12.83 million during mid day trading. Stock price 52 weeks low was $21.40 and 52 weeks high price was $39.42. It has market capitalization of 76.71 billion and its beta value stands at 2.58 times.
Sprint Nextel Corporation (NYSE:S)
Shares of Sprint Nextel Corporation (NYSE:S) reported the gain after Sprint (NYSE: S), the only national wireless carrier offering truly unlimited data for all phones, and Motorola Mobility declared the next generation of last summer’s admired Motorola PHOTON 4G, Motorola PHOTON Q 4G LTE. The new device will possess a five-row, PC-like QWERTY keyboard, intercontinental capabilities and a munificent 4.3-inch ColorBoost display, as well as the capability to work on Sprint’s new lightning-fast 4G LTE network2.
During Mid Day trading, Sprint Nextel Corporation (NYSE:S) jumped +17.06% to $3.94 with the total traded volume of 153.73 million shares. S has current ratio of 1.90 and its total debt-to-equity ratio was 2.10. It has market capitalization of 11.10 billion.
Western Digital Corp. (NASDAQ:WDC)
Western Digital Corp. (NASDAQ: WDC) shares moved up after it reported declared record financial results. It reported revenue of $12.5 billion and net income of $1.6 billion, or $6.58 per share for fiscal year 2012, compared to fiscal 2011 revenue of $9.5 billion and net income of $726 million, or $3.09 per share.
In Mid day trading, shares of Western Digital Corp. (NASDAQ:WDC) boosted +20.48% to $39.09 and its overall traded volume was 12.37 million shares. WDC has earnings per share of $6.45 and it gained 9.18% return on assets, 16.12% return on equity and its return on investments was 12.97%.