Orlando, FL -- (SBWIRE) -- 09/04/2013 -- 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 Microsoft Corporation (NASDAQ:MSFT), Krispy Kreme Doughnuts (NYSE:KKD).
Microsoft Corporation (NASDAQ:MSFT) shares fell 4.55% to $31.88. Microsoft Corporation (NASDAQ:MSFT) on Sept. 3 announced its agreement to acquire Nokia Corporation (ADR) (NYSE:NOK)’s Devices and Services section, including the right to license the patent and to use the mapping services, for €5.44 billion. Under the terms of the agreement, the software giant will also acquire the mobile phone and smartphone business units including the Lumia & Asha brands and related production facilities of the Finnish smartphone manufacturer.
Additionally, the company on August 30 offered a seat on its board to the president of ValueAct Capital Management, the activist fund manager that pressed for the ouster of Microsoft Chief Executive Steve Ballmer and wanted a say on the software giant's strategy after taking a $2 billion stake earlier this year. The offer marks a victory for ValueAct. Reuters first reported in July that the fund was seeking a board seat as poor quarterly results slammed Microsoft's share price.
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Krispy Kreme Doughnuts (NYSE:KKD) shares fell 3.70% to $18.99. The company on Sept. 3 said it is combining the best of two seasonal flavors, cheesecake and pumpkin, for the ultimate fall treats. Savor the season with Krispy Kreme Pumpkin Spice and new Pumpkin Cheesecake doughnuts. Available now through November 27 at participating Krispy Kreme US and Canadian locations.
Additionally, the company on August 29 reported financial results for the second quarter of fiscal 2014, ended August 4, 2013. The Company also reaffirmed its adjusted earnings per share guidance in the range of $0.59 to $0.63 per share for the full year.
For the second quarter ended August 4, 2013, revenues increased 10.4% to $112.7 million from $102.1 million. Adjusted net income was $9.6 million ($0.14 per share) compared to $8.2 million ($0.12 per share) in the second quarter last year.
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