Kolkata, West Bengal -- (SBWIRE) -- 09/23/2013 -- Specialpennystockalert.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on Rite Aid Corporation (NYSE:RAD), Sprint Nextel Corporation (NYSE:S), Nokia Corporation (ADR)(NYSE:NOK).
Rite Aid Corporation (NYSE:RAD) shares gained 1.97% to $4.67. The company on Sept. 19 reported operating results for its fiscal second quarter ended Aug. 31, 2013. The company reported revenues of $6.3 billion, net income of $32.8 million or $0.03 per diluted share, and Adjusted EBITDA of $341.6 million, or 5.4 percent of revenues.
Revenues for the 13-week quarter were $6.3 billion versus revenues of $6.2 billion in the prior year second quarter. Net income was $32.8 million or $0.03 per diluted share compared to last year's second quarter net loss of $38.8 million or $0.05 per diluted share.
Should Investors Buy RAD After Yesterday’s Jump? Find Out Here
Sprint Nextel Corporation (NYSE:S) shares fell 3.54% and closed at $6.26. The company is launching a new program that gives customers the chance to upgrade their phones every 12 months, becoming the last of the four national wireless carriers to target customers who want the latest devices. The company’s 's new One Up plan is most similar to Jump from T-Mobile US Inc. T-Mobile allows for more frequent upgrades, but requires a $10 monthly fee to participate. Sprint's is free, but doesn't include insurance, as Jump does.
Additionally, the company on Sept. 16 turned on 4G LTE service in 34 more markets, featuring an enhanced customer experience that provides faster data speeds in more places where customers want it. With an expanding all-new 4G network plus the groundbreaking Sprint Unlimited Guarantee, customers can get unlimited talk, text and data while on the Sprint network guaranteed for the life of the line of service.
How Should Investors Trade S After The Recent Volatility? Get Free Trend Analysis Here
Nokia Corporation (ADR)(NYSE:NOK) shares dropped 1.64% to $6.58. The company has on September 6, 2013 received a flagging notification in accordance with Chapter 9, section 5 of the Finnish Securities Markets Act from Microsoft Corporation (NASDAQ:MSFT). As announced on September 3, 2013 Microsoft has made available to Nokia EUR 1.5 billion financing in the form of convertible bonds to be issued by Nokia. Each tranche is of nominal value of EUR 500 million maturing in 2018 (“2018 Bond”), in 2019 (“2019 Bond”) and in 2020 (“2020 Bond”), respectively.
Should Investors Buy NOK After Yesterday’s Jump? Find Out Here
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