BlackBerry’s Q10 Disappoints, Comcast Viewers Tumble, and 3 More Hot Stocks
BlackBerry (NASDAQ:BBRY): BlackBerry’s keyboard-equipped Q10 smartphone was supposed to help salvage the brand but seems to have only hurt it even more. Sales of the Q10, which BlackBerry hasn’t discussed publicly, have reportedly been dismal, according to carrier executives and retailers in the U.S. and Canada. “We saw virtually no demand for the Q10 and eventually returned most to our equipment vendor,” Chris Jourdan, who owns and operates 16 Wireless Zone stores, said to The Wall Street Journal.
Comcast Corp. (NASDAQ:CMCSA): As total viewers for Fast Money, Mad Money, and The Kudlow Report hit an all-time low in August, new data from Nielsen show a 35 percent year-over-year decline for CNBC in the 25- to 54-year-old demographic during a sample 24-hour period. This could potentially have stark repercussions for advertising revenue in the second half of the year: CNBC is expected to take in $214 million in advertising revenue this year after hauling in $223 million last year.
Ford Motor Co. (NYSE:F): Ford has made a few changes to its midsize Mondeo model in China to generate more appeal for consumers in the world’s largest auto market. Ford has made some improvements to the seat adjustments, changed the shape of the taillights, and added LED headlights to the car. The company is trying to reach for 6 percent of China’s market share by 2015, making the success of models like the Mondeo crucial.
Tractor Supply Co. (NASDAQ:TSCO): Tractor Supply is planning to carry out a 2-1 stock split on September 26 for shareholders of record on September 18, making for the fourth split since 2002. The split ”is the result of our strong operating results and stock price performance,” Chairman Jim Wright said, adding that it “will make our stock more affordable to investors, including our customers and team members, and is intended to increase the liquidity and accessibility of our stock.”
Campbell Soup Co. (NYSE:CPB): Earnings per share of 43 cents beat estimates by 1 cent, though revenue of $1.72 billion missed, by $0.12 billion. Although the earnings beat slightly, growth rates remained underwhelming. The quarter saw volume and mix both rise by 1 percent, while promotional spending took a percentage point off.
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