6 Super Hot Stocks: NetApp Sinks 10%, While Activision Banks $775 Million on MW3
Shares of NetApp Inc. (NASDAQ:NTAP) are down more than 10% early Thursday. The company reported second quarter results late Wednesday. Earnings fell short of the mean analyst estimate of 49 cents per share. It also fell short of the average revenue estimate of $1.53 billion.
Investing Insights: NetApp Inc. Earnings Cheat Sheet: Reports Loss in Profit.
Activision Blizzard Inc. (NASDAQ:ATVI) is receiving attention after announcing that is sold more than $775 million worth of its latest and greatest Call of Duty: Modern Warfare 3 video game. Competitors include: Electronic Arts (NASDAQ:ERTS) and Take-Two (NASDAQ:TTWO).
GameStop (NYSE:GME) popped more than 2% after reporting third quarter results on Thursday. Net income for the electronics store fell to $53.9 million (39 cents per share), compared to $54.7 million (36 cents per share) a year earlier. This is a decline of 1.5% from the year earlier quarter.
Ross Stores Inc. (NASDAQ:ROST) is edging down after report third quarter results and a 2-for-1 stock split. Net income for Ross Stores Inc. rose to $144 million ($1.26 per share) vs. $121.4 million ($1.02 per share) in the same quarter a year earlier. This marks a rise of 18.6% from the year earlier quarter.
Mosaic (NYSE:MOS) is up over 2.5% after saying it will buy back 21.3 million shares at a price of $54.58. “This repurchase completes, well ahead of schedule, the disposition of 157 million shares designated to be sold during the 15-month period following the May 25, 2011 split-off transaction with Cargill,” the company said.
Sears Holdings Inc. (NASDAQ:SHLD) is down 8% after reporting a wider fiscal third quarter loss. The loss widened to $421 million ($3.95 per diluted share), compared to $218 million (loss of $1.98 per share) in the same quarter a year earlier. Competitors include: Wal-Mart (NYSE:WMT) and Target (NYSE:TGT).