Tuesday, November 10, 2009

Tuesday Hot Stocks: BZH, ERTS, MBI, PCLN, FLR, S, GOOG

. Tuesday, November 10, 2009

By stockOzone team

Shares of following companies are expected to see active trade in Tuesday's session.

Early on Tuesday, homebuilder Beazer Homes (NYSE: BZH) swung to fiscal fourth quarter profit of $33.8 million, or 84 cents per share, compared with a loss of $473.9 million, or $12.29 per share, in the year-earlier quarter. On an adjusted basis, the company earned 87 cents per share. Revenue plunged 42 percent to $376.3 million from $649.8 million.

Late on Monday, video game publisher Electronic Arts (NASDAQ: ERTS) reported fiscal second quarter net loss of $391 million, or $1.21 a share, wider than the loss of $310 million, or 97 cents a share, in the same quarter last year. Revenue slumped 12 percent to $788 million from $894 million. The company announced that it would cut 1,500 jobs or 15% of its global workforce and shrink its product lineup. Electronic Arts also said that it has agreed to acquire Playfish, maker of social network games like Pet Society and Restaurant City, for $275 million in cash and $25 million in equity.

MBIA Inc. (NYSE: MBI) on Monday posted a narrower third quarter loss of $727.8 million, or $3.50 a share, compared to a loss of $806.5 million, or $3.42 a share, in the prior-year quarter.

Priceline.com Inc. (NASDAQ: PCLN) said its third-quarter profit climbed to $319 million, or $6.42 a share, from $84.5 million, or $1.74 a share, in the comparable period last y. On an adjusted basis, the company earned $3.45 a share in the latest quarter. Revenue climbed to $730.7 million from $561.6 million.

Fluor Corp. (NYSE: FLR) reported that its third-quarter net income declined to $162 million, or 89 cents a share, from $182 million, or $1 a share, in the year-ago quarter. Revenue slipped 4% to $5.4 billion.

Sprint Nextel (NYSE: S), the third- largest US mobile-phone carrier, said Monday that it plans to cut between 2,000 and 2,500 jobs, or 6 percent of its work force, this quarter as part of an effort to cut annual expenses by at least $350 million.

Google (NASDAQ: GOOG) on Monday announced that it has agreed to acquire AdMob, a mobile advertising start-up, for $750 million in stock.

Disclosure: Author does not own any of the stocks discussed here.





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