Market Movers Today: eBay Inc (EBAY), Hershey Co. (HSY), QuinStreet Inc (QNST), and More

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Nokia Oyj (ADR) (NYSE:NOK) (The Motley Fool)
What happened: Shares of Finnish telecom infrastructure giant Nokia (NYSE:NOK) soared in Thursday’s morning session, rising as much as 16.6% on a strong fourth-quarter earnings report. As of 11:30 a.m., EST, Nokia’s stock had settled down at a still-impressive 12.5% gain. So what: Nokia’s fourth-quarter net sales held steady year over year at 6.7 billion euro or $8.4 billion. Adjusted earnings rose 8% to 0.13 euro or $0.16 per share.

Resolute Forest Products (NYSE:RFP) (Benzinga)
Resolute Forest Products Inc. shares dipped 28.4 percent to $8.20. Resolute Forest Products reported Q4 net income of $13 million, after posting a loss in the year-ago period. Resolute Forest Products named Yves Laflamme as President and CEO.

Take-Two Interactive Software, Inc (NASDAQ:TTWO) (MarketWatch)
Shares of Take-Two Interactive Software Inc. TTWO, -2.61% are down 2.9% in Thursday trading after the company said that it has delayed the release of of its Red Dead Redemption 2 title until October. The game has already been delayed once before, as it was originally slated to launch last October before the company pushed that back as well. “Getting the long tail of the game correct is more important than recognizing the units two quarters earlier,” wrote KeyBanc Capital Markets analyst Evan Wingren, who rates the stock at overweight with a $144 target. “We’d take advantage of the weakness on that belief.

Qorvo Inc (NASDAQ:QRVO) (Barron’s)
With shares of Qorvo (QRVO) rebounding after a disappointing forecast this afternoon, some investors may be agreeing with Cody Acree of Drexel Hamilton, who thinks bad news is already in the share price. Qorvo stock initially traded lower after it reported fiscal Q3 results that topped analysts’ expectations, but offered an outlook for this quarter’s revenue 16% lower than consensus. The stock has bounced back, now up 12 cents, or 2.5%, at $4.90.





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