Kolkata, West Bengal -- (SBWIRE) -- 09/19/2013 -- Specialpennystockalert.com, an investment community with a special focus on updating investors with recent news on ABB Ltd (ADR)(NYSE:ABB), Nokia Corporation (ADR)(NYSE:NOK).
ABB Ltd (ADR)(NYSE:ABB) shares increased 2.97% and closed at $23.93. ABB’s stock was downgraded by equities research analysts at HSBC from a “neutral” rating to an “underweight” rating in a research note issued to investors on August 29.
Additionally, the company posted its quarterly earnings results on July 25. The company reported $0.33 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.35 by $0.02. The company had revenue of $10.23 billion for the quarter, compared to the consensus estimate of $10.21 billion. During the same quarter last year, the company posted $0.29 earnings per share. ABB’s revenue was up 5.8% compared to the same quarter last year. On average, analysts predict that ABB will post $1.44 earnings per share for the current fiscal year.
Should Investors Buy ABB After Yesterday’s Jump? Find Out Here
Nokia Corporation (ADR)(NYSE:NOK) shares jumped 7.02% to $6.71. The company has on September 6, 2013 received a flagging notification in accordance with Chapter 9, section 5 of the Finnish Securities Markets Act from Microsoft Corporation (NASDAQ:MSFT). As announced on September 3, 2013 Microsoft has made available to Nokia EUR 1.5 billion financing in the form of convertible bonds to be issued by Nokia. Each tranche is of nominal value of EUR 500 million maturing in 2018 (“2018 Bond”), in 2019 (“2019 Bond”) and in 2020 (“2020 Bond”), respectively.
Is NOK A Good Buy After The Recent Price Movement? Find Out Here
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