5 Hot Equity Movers: Sprint Edges Lower, Under Armour Attracts Women, and Altria Lowers Guidance
After falling 3.7% during regular market hours, shares of Sprint (NYSE:S) continue to edge lower in late trading. Meanwhile, shares of Clearwire (NASDAQ:CLWR) finished the day 5.4% higher. Clearwire received a boost from the Verizon (NYSE:VZ), Comcast (NASDAQ:CMCSA), and Time Warner (NYSE:TWC) big spectrum deal.
Shares of Research in Motion (NASDAQ:RIMM) continue to head .20% lower in late trading. Earlier in the day, shares dropped 9.74% after the company reduced its outlook and announced it would miss profit targets. Competitors include: Apple (NASDAQ:AAPL) and Google (NASDAQ:GOOG).
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Under Armour (NYSE:UA) continues to attract attention as it seeks to expand its product line to women. The company’s new spring launch will include its first bra line named Armour Bra. “The women’s business is critical to our growth,” said senior marketing director for women Adrienne Lofton in an interview. “Our goal is not only to be featured in sports but also in fashion and entertainment books. It’s important for us to be where she is. We are introducing the brand as women’s brand. My biggest objective is to grow the awareness.”
Due to legal cases, Altria Group (NYSE:MO) lowered its fiscal year 2011 EPS guidance to between $1.58 and $1.64. Previously, the company had projected $1.60 to $1.66. Shares are down .21% after the closing bell.
Shares of CenturyLink (NYSE:CTL) popped 2.05% late Wednesday after the company reported a third quarter profit of $140 million (23 cents per share), compared to $232 million (76 cents per share) last year. However, revenue increased to $4.6 billion, compared to only $1.75 billion.
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