Orlando, FL -- (SBWIRE) -- 09/25/2013 -- 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 BlackBerry Ltd (NASDAQ:BBRY), Wal-Mart Stores, Inc.(NYSE:WMT).
BlackBerry Ltd (NASDAQ:BBRY) shares declined 3.29% to $8.53. The company on Sept. 23 revealed it had entered into an tentative agreement to sell itself to a consortium of investors led by its largest shareholder, Fairfax Financial Holdings Ltd., as part of a deal that would see the once mighty smartphone company taken private. BlackBerry shareholders will receive US$9 in cash per share, valuing the transaction at US$4.7-billion. If the deal meets a series of conditions, the consortium will acquire the outstanding shares of BlackBerry not controlled by Fairfax, while Fairfax intends to contribute its 10% stake into the transaction.
Additionally, the company on Sept. 20 warned it expects to report a huge quarterly operating loss next week and that it will cut more than a third of its global workforce, rekindling fears of the company's demise and sending its shares into a tailspin.
The company said it expects its adjusted net loss, before giving effect to the inventory and restructuring provisions, will be in a range of about $250 million to $265 million, or a loss of 47 cents to 51 cents a share. BlackBerry sees about $1.6 billion of revenue in the second quarter, of which roughly 50 percent is expected to be revenue from its services unit. Analysts, on average, had forecast a loss of 15 cents a share on revenue of $3.06 billion.
Are investors worried about the recent updates with BBRY? Find out with a free trend analysis HERE
Wal-Mart Stores, Inc.(NYSE:WMT) shares declined 0.88% to $75.75.The company, on Sept. 23, said it plans to hire 55,000 seasonal employees and will transition tens of thousands of its workers to full-time positions, as the world's largest retailer ramps up staffing for the holiday season.
"In addition to the traditional hiring of seasonal help, we are expanding opportunities for the people that already work for us," said Gisel Ruiz, chief operating officer of Wal-Mart U.S.
Wal-Mart said it is transitioning 35,000 part-timers to full-time jobs and more than 35,000 temporary workers to part-time positions. Last year, the company said it hired more than 50,000 seasonal employees.
Is WMT going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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