Diamonds and Dogs
4/18/13
Nokia Corporation (NOK)Nokia dropped its call today, down 11.70% at $3.16. The cell phone company saw its shares lose service after reporting its first-quarter earnings. For the quarter, Nokia announced revenue was $7.7 billion, which equates to a loss of $0.07 per share. The loss comes from total smartphone sales dropping, especially with the company's Symbian units. The company's total phones sold were lower at just 500,000. Nokia's smartphone, the Lumia, was the only good news for the company, as Lumia shipments increased 27%. Nokia is trading in the upper half of its 52-week range of $1.63-$4.90.
Overstock.com Inc. (OSTK)
Overstock.com is on fire today, up 37.00% at $15.70. The online discount retailer saw its shares skyrocket after crushing earnings expectations. Overstock.com earned $7.7 million, or $0.32 per share, for the first quarter. For the same quarter last year, the company had earnings of $2.7 million, or $0.12 per share. Furthermore, Overstock's revenue increased 19% to $312 million. Analysts were expecting revenue of $282.3 million or $0.13 per share. The company jumped $4.24 today to climb up near its 52-week high of $17.65.
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