Latest Earnings Reports Put These Stocks on Investors’ Radars

Ballard Power Systems Posts Second Quarter Earnings, Announce Agreement with Zhongshan Broad-Ocean Motor Co

Ballard Power Systems Inc. (USA) (NASDAQ:BLDP)’s stock is in the green today on the back of the second-quarter earnings release. The fuel cell products company earned $0.04 per share, in-line with the analysts’ forecasts, but revenue in the quarter came in at $17.6 million, well behind the estimated $18.32 million. The company also announced that it had entered into a strategic collaboration agreement with Zhongshan Broad-Ocean Motor Co, which includes a $28.3 million equity investment in Ballard by Broad-Ocean. The investment will be made through a subscription and purchase of 17.25 million common shares. Just two investors from our database were positioned in Ballard Power Systems Inc. (USA) (NASDAQ:BLDP) at the end of the first quarter.

STMicroelectronics NV Second Quarter In-Line with Estimates

Shares of STMicroelectronics NV (ADR) (NYSE:STM) have gained over 8% after the semiconductor company posted $23 million profit for the second quarter, while its adjusted earnings of $0.4 a share and revenue of $1.7 billion revenue were in-line with the estimates. In a media statement, STMicroelectronics CEO Carlo Bozotti said that revenue increased in the quarter due to strategic focus, Smart Driving and Internet of Things. Seven investors tracked by our team amassed shares of STMicroelectronics NV (ADR) (NYSE:STM) as of the end of the first quarter.

United States Steel Narrows Losses, Beats Estimates

United States Steel Corporation (NYSE:X)  are up by nearly 10% so far today after the company released better-than-expected results for the second quarter. The Pennsylvania-based steel producer posted a loss of $0.32 a share, better than the estimated loss of $0.50 per share. Revenue in the quarter came in at $2.58 billion for the quarter, compared to estimated $2.68 billion. US Steel’s CEO Mario Longhi said in a statement that the financial performance of the company got a boost due to a price rally in steel,  Flat-Rolled and European segments. For full 2016, U.S. Steel expects its EPS at $0.34. Phill Gross and Robert Atchinson’s Adage Capital Management is one of 28 hedge funds from our database that held stakes in United States Steel Corporation (NYSE:X) at the end of the  first quarter.

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