Diamonds and Dogs
1/30/13Spansion 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.
Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.