NQ Mobile (NQ) jumped 50% in early trading Thursday after announcing an agreement to sell Nation Sky for $80 million and FL Mobile for no less than $626 million. The company also released its earnings results on Wednesday. The firm handed in Q2/15 earnings of $0.08 per share on revenue of $102.1 million, beating Wall Street estimates of $0.05 per share on revenue of $102 million.
NQ Mobile has lost over 85% of its market value since October 24, 2013 when short seller Muddy Waters rated NQ Mobile shares a ‘Strong Sell’ after calling the Chinese mobile security provider “a massive fraud”.
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Abercrombie & Fitch Co. (ANF) was raised to ‘Buy’ from ‘Hold’ and it was given a $24 price target at Stifel on Thursday.
In the past 52 weeks, shares of New Albany, Ohio-based retailer have traded between a low of $15.42 and a high of $42.97.
Shares are down 56.59% year-over-year and 32.82% year-to-date.
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Shares of Ford Motor Co. (F) are nearly 2% higher Thursday morning. Continued strength related to recent news with Bayer Healthcare LLC.
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Dollar General (DG) stock is declining 3.44% to $74.11 in early trading on Thursday after the company reported second quarter EPS of $0.95 before the opening bell Thursday, compared to the consensus estimate of $0.94. Revenues increased 8.1% from last year to $5.10 billion. Analysts expected revenues of $5.13 billion. Dollar General said both customer traffic and average purchases grew during the quarter.
For the 2015 fiscal year, the discount retailer provided EPS guidance of $3.85 to $3.95 versus consensus of $3.95 per share.
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Shares of Tesla Motors (TSLA) are up almost 5% to $235.20 in early trading Thursday after Tesla’s new P85D version of its Model S scored a 103 out of 100 from Consumer Reports, the highest score ever given to a vehicle by the publication. The magazine called it “the best-performing car that Consumer Reports has ever tested.”
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