Orlando, FL -- (SBWIRE) -- 09/11/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Yamana Gold Inc. (USA)(NYSE:AUY), QUALCOMM, Inc.(NASDAQ:QCOM).
Yamana Gold Inc. (USA)(NYSE:AUY) shares declined 4.59% to $10.60. The company on July 31 said it swung to a second-quarter loss as weaker metals prices and revenue hurt the Canada-based gold-mining company's results.
The company reported a loss of $7.9 million, or a penny a share, compared with a year-earlier profit of $42.9 million, or six cents a share. Adjusted earnings fell to seven cents from 18 cents. Revenue declined 20% to $430.5 million. Analysts expected a profit of 10 cents a share on revenue of $485 million.
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QUALCOMM, Inc.(NASDAQ:QCOM) shares increased 1.14% to $70.09. The company needs to keep a large portion of those reserves to help maintain its dominance in the phone-chip market, Chief Executive Officer Paul Jacobs said on August 12.
Additionally, the company on July 24 reported a sharp jump in profits for its third fiscal quarter, beating Wall Street’s expectations thanks to strong sales of its mobile-device chipsets.
For the period ended June 30, the company reported net income of $1.58 billion, or 90 cents per share, compared to net income of $1.2 billion, or 69 cents per share, for the same period last year. Adjusted earnings came in at $1.82 billion, or $1.03 per share, for the recent period. Revenue grew 35% to $6.24 billion. Revenue from the company’s technology licensing arm rose 17% to $1.87 billion. Analysts were expecting adjusted earnings of 91 cents per share on revenue of $6.05 billion.
Is QCOM going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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