5 Stocks Hitting Radars: Yahoo Really Dislikes Facebook, Amazon on Fire and Apple TV
After closing 15.75 percent higher on Friday, Amazon.Com Inc. (NASDAQ:AMZN) shares edged slightly lower in late-market trading. The company recently reported strong quarterly profits. The company earned 28 cents per share, beating estimates of only 7 cents per share. The Kindle Fire was the company’s best selling item in the quarter, shipping 4.7 million units.
Yahoo! Inc. (NASDAQ:YHOO) shares closed .26 percent higher. Late Friday, the company announced it filed additional claims related to two more patents in its ongoing lawsuit against Facebook.
Don’t Miss: Did Amazon Create a Niche for the Kindle Fire?
Vivus Inc. (NASDAQ:VVUS) shares jumped almost 2 percent after the closing bell. On Friday, the Food and Drug Administration approved a new drug from the company called Stendra, which treats erectile dysfunction.
Despite closing .77 percent lower, shares of Apple Inc. (NASDAQ:AAPL) edged slightly higher after the closing bell. Jefferies & Co.’s Peter Misek believes that an Apple television set could hit shelves later this year. He cites that display makers such as Samsung have been reducing TV unit estimates, but are also “citing likely sequential improvements in glass demand.”
Expedia Inc. (NASDAQ:EXPE) shares closed 23.5 percent higher on Friday and added another .17 percent in late trading. The company recently reported adjusted net income of 26 cents per share. By that measure, the company beat the mean estimate of 5 cents per share. Revenue also jumped 12.2 percent to $816.5 million, beating estimates of $791.1 million.
Investor Insight: Apple’s Massive Success Hinges On This Simple Strategy