Friday, November 5, 2010

Most Active US Stocks (SBUX, SOL, IAG)

Starbucks Corporation (NASDAQ:SBUX) jumped 4.13% to $30.98. The company said that it earned $399.3 million, or 37 cents a share, on the period – up from $199.4 million or 20 cents a share, in the same quarter a year ago. Sales rose 17% to $2.8 billion while same-store sales – those at outlets open at least a year – were up 8% . Looking ahead, Starbucks said that it now expects 2011 earnings to be in a range of $1.41 to $1.47 a share, up from a previous view of $1.36 to $1.41 a share. At current market price, the market capitalization of the company stands at $22.93 billion. ReneSola Ltd. (ADR) (NYSE:SOL) went up 3.06% to $13.46. The company reported strong third-quarter results and joined other companies in the sector in signaling a bright finish to the year. Gross margin for the latest third quarter was 32.5 percent, up ten-fold from a year ago, and compared with 30.2 percent in the second quarter. The company said it would spend $150 million in 2011 to expand wafer production capacity to 1.8 gigawatt (GW) from the current 1.2 GW, and module production capacity to 600 MW from 375 MW currently. IAMGOLD Corporation (USA) (NYSE:IAG) dropped 5.71% to $18.33. The company reported its unaudited interim consolidated financial and operating results for the third quarter ended September 30, 2010. Net earnings of $40.8 million ($0.11 per share), decreased $24.1 million from the third quarter of 2009. Adjusted net earnings(1) of $50.0 million ($0.13 per share(1)) decreased by $1.7 million from the third quarter of 2009 adjusted net earnings of $51.7 million ($0.14 per share). The stock went up more than 17% year-to-date.
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