Earnings, Mergers, and Candy, Oh My! Need to Know on Four Trending Stocks

Sprint Corp (NYSE:S) is down by 6.68% in early morning trading after the telecom company reported a second quarter of fiscal year 2015 loss of $0.15 per share on revenues of $7.52 billion. Revenue was a bit of a disappointment, being down by 5.2% year-over-year. Total net additions was 1.1 million versus the company’s 590,000 net additions in the same period of last year. Management is guiding full year EBITDA to be in the low end of the previous guidance range of $7.2 billion-to-$7.6 billion. This wasn’t a good quarter, but management is trying to fix it, with their recent announcement that the company plans to cut as much as $2.5 billion in expenses in fiscal year 2016. If management can control costs, the stock will be a good long-term investment. William B. Gray‘s Orbis Investment Management was one of the 23 elite funds that were long Sprint at the end of the second quarter, with a holding of 67.43 million shares.

Last but not least, Mobileye NV (NYSE:MBLY) is up by 3% after reporting third quarter earnings of $0.15 per share on revenues of $70.65 million (up by 103.7% year-over-year), beating estimates by $0.02 per share and $3.29 million, respectively. Auto OEM sales jumped by 111% year-over-year to $60.8 million while gross margin inched up to 74.4%, from 74.1% in the third quarter of last year. Guidance was strong, with management expecting 2015 EPS of $0.46-to-$0.47 and revenue of $238 million-to-240 million, versus the expectations of $0.45 and $237.7 million respectively. 39 funds in our database owned $633.09 million worth of the company’s shares on June 30

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