6 Super Hot Stocks: FSLR and FCX Rebounding, Amazon Down More Than 10%, Ford Stalls
After getting crushed yesterday, shares of First Solar (NASDAQ:FSLR) are rebounding 8% in early trading after reporting third quarter earnings. Net income came in at $196.5 million ($2.25 per share), compared to $176.9 million ($2.04 per share) last year. Analysts were expecting earnings of about $2.55 per share.
Shares of Freeport McMoRan Copper & Gold (NYSE:FCX) are popping 3%. The world’s second largest copper miner declared force majeure, which frees it from some contractual obligations.
Super Hot Feature: 5 Wall Street Crisis Films to Watch Now.
Amazon.com (NASDAQ:AMZN) shares are down more than 10% before the opening. Late Tuesday, the company reported disappointing earnings. Net income fell to $63 million (14 cents per share), compared to $231 million (51 cents per share) a year earlier. This is a decline of 72.7% from the year earlier quarter. The online retailer giant competes with eBay (NASDAQ:EBAY) and Barnes & Noble (NYSE:BKS). Investing Insights: Amazon.com Inc. Earnings Cheat Sheet: Bad Luck Continues.
Sprint Nextel Corp. (NYSE:S) is down more than 2% in early trading. On Wednesday, the company reported a loss of $301 million (10 cents per share), compared to a loss of $911 million (30 cents per share) last year. The wireless carrier benefited from 1.3 million new subscribers and increased revenue per user. Sprint competes with AT&T (NYSE:T) and Verizon (NYSE:VZ). Investing Insights: Sprint Nextel Earnings Cheat Sheet: Margins Shrink For Fifth Straight Quarter.
Shares of Nasdaq OMX Group (NASDAQ:NDAQ) are edging higher after reporting an 8.9% increase in third quarter profit. Trading volume improved on the recent volatility in the market. Nasdaq reported earnings of $110 million (61 cents per share), compared to $101 million (50 cents per share) last year.
Ford (NYSE:F) is falling 2.4% in early trading. Third quarter earnings declined to $1.65 billion (41 cents per share), compared to $1.69 billion (43 cents per share), last year. Shares of General Motors (NYSE:GM) and Honda Motor Co. (NYSE:HMC) are both trading higher.
Investing Insights: Ford Motor Company Earnings Cheat Sheet: Two Straight Quarters of Falling Profit.