Hovnanian Enterprises Inc. (NYSE:HOV) reported a fourth quarter revenue $487 million with a consensus of $461.75 million. The net loss in the fourth quarter and for fiscal year 2012 included an $87 million loss of debt elimination associated with their fourth quarter 2012 $797 million debt refinancing.
CIENA Corp. (NASDAQ:CIEN) sees a first quarter adjusted operating expense in the high $180 million range.
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Bank of America (NYSE:BAC): According to Buffalo Business First, MBIA (NYSE:MBI) and Bank of America appeared before a New York State Supreme Court justice and analysts quoted by Reuters said a settlement in the fight over soured home-mortgage loans is likely.
Apple Inc. (NASDAQ:AAPL): According to Reuters, Apple Inc.’s stock may be falling due to an increase in competition. However, store visits and interviews with smartphone and tablet shoppers in ten cities around the world suggests that consumers still remain partial to Apple products. Loyalty appears to be a first line of defense as shoppers in Europe, Asia and the Unites States consider the pros and cons of switching to rival offerings.
Facebook, Inc.’s (NASDAQ:FB) new social jobs app is a significant recruiting tool because the user database includes millions of people. Recruiters gain access to almost anyone and vice versa.
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