Orlando, FL -- (SBWIRE) -- 10/24/2013 -- 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 Fusion-IO, Inc. (NYSE:FIO), Federal National Mortgage Association (OTCBB:FNMA).
Fusion-IO, Inc. (NYSE:FIO) shares fell 2.04% and closed at $12.98. The company on Oct. 23 said it forecast only a small rise in second-quarter revenue and said its chief financial officer had resigned.
The company said revenue fell 27 percent to $86.3 million in the first quarter. Analysts expected second-quarter revenue of $113.8 million. The company reported a loss of $27.9 million, or 28 cents per share, for the first quarter, compared with net income of $3.9 million, or 4 cents per share, a year earlier. Excluding items, Fusion-io posted a loss of 7 cents per share. Analysts had expected a loss of 11 cents per share on revenue of $84.7 million.
Are investors worried about the recent updates with FIO? Find out with a free trend analysis HERE
Federal National Mortgage Association (OTCBB:FNMA) shares jumped 24.86% and closed at $2.21 in the last trading session. The company on Oct. 23 said it sold $500 million of benchmark bills at lower interest rates compared with last week's sale of similar maturities. Fannie Mae said it sold $250 million of three-month bills due Jan. 22, 2014 at a 0.040 percent stop-out rate, or lowest accepted rate, down from the 0.175 percent rate for $250 million of three-month bills sold Oct. 16.
The company sold $250 million of six-month bills due April 16, 2014 at a 0.085 percent rate, also down from the 0.189 percent rate for $250 million of six-month bills sold a week ago.
Is FNMA going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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