5 Late Stocks Hitting Radars: Apple and Microsoft Edge Higher, Verizon Willing to Sell Spectrum
Bank of America Corp. (NYSE:BAC) shares continued to edge lower in late trading after closing 4.6 percent lower on Friday. The bank recently announced disappointing first-quarter earnings that declined 68.1 percent from a year earlier.
Shares of Apple Inc. (NASDAQ:AAPL) edged .35 percent higher after the closing bell. The tech giant closed 2.4 percent lower during regular trading hours and has closed 9 out of 10 sessions lower. Analysts continue to disagree on first-quarter sales estimates. Apple reports first quarter financial results on Tuesday.
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Despite being one of Friday’s worst performers in the S&P 500 (NYSEARCA:SPY), shares of SanDisk Corp. (NASDAQ:SNDK) gained .25 percent higher in extended trading. Late Thursday, the company issued a dismal second-quarter revenue view of $950 million to $1.05 billion.
Microsoft Corp. (NASDAQ:MSFT) shares were the best performer among the Dow Jones Industrial Average (NYSEARCA:DIA) on Friday. Shares closed 4.55 percent higher in regular trading. The company recently announced that revenue increased for their fourth consecutive quarter.
Verizon Communications Inc. (NYSE:VZ) increased .18 percent late Friday after announcing an offer to sell 700 MHz spectrum in exchange to receive regulatory approval on other spectrum deals with cable providers.
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