Diamonds and Dogs
1/30/13
Spansion Inc. (CODE)Spansion is short circuiting today, down 10.86% at $11.74. The flash memory semiconductor company saw its shares fall after releasing disappointing earnings. The company posted a net profit of $6.9 million or $0.11 per share for the quarter. The adjusted net profit of $0.34 per share which missed analyst estimates by $0.02. CEO John Kispert also cautioned investors to expect a soft first quarter. Kispert said that the company was expecting sales to drop by around 14% for the first quarter due to an expected drop in video game console sales. Spansion is still trading above its 52-week low of $9.42.
Unisys Corporation (UIS)
Unisys is moving higher today, up 14.93% at $21.75. The information technology company saw its shares pop today after beating analyst estimates for its fourth quarter earnings. For the quarter, Unisys announced an EPS of $0.85 which crushed analyst's consensus of $0.57. CEO Ed Coleman said, "We also continued to enhance our solution portfolio to strengthen our competitive profile. We remain focused on driving profitable growth in the year ahead." Unisys climbed up $2.65 today, almost reaching its 52-week high of $22.87.
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