Intel Under Pressure and 2 Stocks Fall to 52-Week Lows
Federal-Mogul Corp. (NASDAQ:FDML): Federal-Mogul Corp. reported a third quarter revenue $1.60 million and a consensus $1.68 billion. The lower income/earnings per share was primarily due to the impact on margins of lower European volumes, combined with an adverse regional and product mix. Their shares closed at $8.40, down $1.05 or 11.11% on the day. They have traded in a 52-week range of $8.67 to $19.00.
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Intel Corp. (NASDAQ:INTC): Following Intel’s Corp.’s results this week that showed margins under pressure, yesterday’s reports underscored the impact of global economic weakness and a shift away from traditional computers toward handheld electronics. Quarterly results of Microsoft (NASDAQ:MSFT) and Advanced Micro Devices (NYSE:AMD) were below analysts’ predictions, which supports the evidence that PC sales are being squeezed by weak demand and competition from tablets. Their shares closed at $21.26, down $0.41 or 1.89% on the day. They have traded in a 52-week range of $21.27 to $29.27.
Perfumania Holdings (NASDAQ:PERF): Perfumania Holdings announced the appointment of Linda G. Levy to Senior Vice President and Chief Marketing Officer effective immediately. Levy will oversee the marketing strategies and business development for Perfumania Holdings, Inc.’s retail division as well as the recently acquired portfolio of Parlux Prestige Fragrances. Levy was previously Vice President of Merchandise Marketing for Cosmetics and Fragrances at Macy’s (NYSE:M). Their shares closed at $5.75, down $0.48 or 7.7% on the day. They have traded in a 52-week range of $6.10 to $20.00.
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