Orlando, FL -- (SBWIRE) -- 10/18/2013 -- 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 Oi SA (ADR) (NYSE:OIBR), Teradata Corporation(NYSE:TDC).
Oi SA (ADR) (NYSE:OIBR) shares declined 5.91% to $1.91. Portugal Telecom, SGPS, S.A., Oi S.A., AG Telecom Participates S.A., LF Tel S.A. and their respective affiliates on Oct. 2 have signed a memorandum of understanding setting out the basis for a proposed merger of PT, Oi and the Oi Holding Companies into a single Brazilian incorporated listed entity.
Additionally, Moody's América Latina ("Moody's") has on Oct. 2 affirmed the Baa3/Aa1.br senior unsecured ratings of Oi S.A. ("Oi") and maintained its negative outlook, following the announcement that Oi has reached an agreement with Portugal Telecom, SGPS, S.A. ("PT", Ba2/neg) to merge the two entities. Concurrently, Moody's has affirmed Telemar Participaçoes' Ba1/Aa2.br rating and negative outlook, but expects to withdraw its ratings once the transaction is completed.
Are investors worried about the recent updates with OIBR? Find out with a free trend analysis HERE
Teradata Corporation(NYSE:TDC) shares gained 2.51% to $42.52. Sterne Agee analyst Alex Kurtz downgraded the rating on Teradata Corporation from Buy to Neutral on Oct. 15, and removed the $70.00 price target.
Additionally, the company on Oct. 14 announced that it expects revenue for the third quarter ended September 30, 2013 to be approximately $665 million, up 3 percent, and up 4 percent in constant currency from the prior-year period. Teradata expects to report third quarter earnings per share in the approximate range of $0.58 - $0.59, as reported under U.S. Generally Accepted Accounting Principles (GAAP), $0.69 - $0.70 on a non-GAAP basis, which excludes stock-based compensation expense and special items.
As a result, Teradata is lowering its full-year guidance for 2013 to reflect the preliminary third quarter results and its current expectations for the fourth quarter. Full-year 2013 revenue is now expected to be approximately the same as 2012 full-year reported GAAP revenue, and up approximately 1-2 percent in constant currency.
Is TDC going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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