Editor’s note: Related tickers: Nokia Corporation (ADR) (NYSE:NOK), Bank of America Corp (NYSE:BAC), Sprint Nextel Corporation (NYSE:S), Intel Corporation (NASDAQ:INTC), Barrick Gold Corporation (USA) (NYSE:ABX)
We are in the period when companies are announcing their quarterly financial figures. This is a very active period for stocks, since the results are usually a sign for a stock to get dumped, or to be purchased, or in case the earnings and revenues are high, which means that the company is doing well and might be doing even better in the period ahead. That’s why it is important to take a look at the most widely traded stocks. On Thursday these stocks are: Nokia Corporation (ADR) (NYSE:NOK), Bank of America Corp (NYSE:BAC), Sprint Nextel Corporation (NYSE:S), Intel Corporation (NASDAQ:INTC), and Barrick Gold Corporation (USA) (NYSE:ABX).
Nokia Corporation (ADR) (NYSE:NOK) lost 10.61% to $3.20 in deals worth $92.1 million. Nokia is going through a bad day after releasing some weak and disappointing quarterly results. The disappointing part of the report was about sales of Nokia’s Lumia, which were expected to cover for the parts where Nokia was definitely forecasted to lose ground. However, there were some positive parts of the earnings report, and maybe the Nokia’s stock will manage to recover during a longer period. Nokia managed to outperform earnings estimates, and even though the overall sales of Nokia smartphones slid, the sales of Lumia surged to 5.6 million, from 2.0 million in the first quarter of 2012.
Bank of America Corp (NYSE:BAC), in turnover of $75.3 million, fell by 3.08% to 11.34. The bank has experienced losses in revenues in almost all of its segments, the overall adjusted revenue declining by 8.4% to $23.85 billion, Reuters said. Net income of Bank of America Corp (NYSE:BAC) surged to $2.62 billion ($0.2 per share), from $653 million a year earlier, while analysts on average had predicted $0.22 per share, according to Thomson Reuters I/B/E/S. “The drop in the top line was a disappointment as well. Contributing to the overall revenue decline was a sharp drop in revenue from the fixed income, currency and commodities markets, down $829 million to $3.3 billion,” Reuters also said.
Sprint Nextel Corporation (NYSE:S) on the other side, edged up by 0.85% to $7.15 in deals worth $34.7 million. Sprint has recently received a proposal from DISH Network Corp. (NASDAQ:DISH), which intends to acquire it for more than $25 billion. Since the announcement, Sprint has been gaining ground and has been one of the volume leaders over the past couple of days.
With a turnover of $19.8 million, Intel Corporation (NASDAQ:INTC) has been trading 1.28% higher at $22.21 a share. According to Zawya, Intel Corporation (NASDAQ:INTC) has gone into a memorandum of understanding with ictQATAR (the Supreme Council of Information and Communication Technology in Qatar). Under the terms of the agreement, Intel will cooperate on a national digital inclusion program in Qatar. “This initiative will advance integrated digital technology and encourage various digitally excluded target groups to learn and possess technological skills needed in society today,” Zawaya also said.
Advancing by 2.83% to $18.15 Barrick Gold Corporation (USA) (NYSE:ABX) has also made the list. The turnover of Barrick Gold Corporation (USA) (NYSE:ABX) amounted to $15.9 million. Barrick Gold Corporation (USA) (NYSE:ABX) is going through some tough times since the gold market seems to be declining. Barrick also took a big impairment charge connected to its copper business at the end of 2012, which caused its EPS to drop.