International Game Technology (IGT) announced second quarter adjusted EPS of $0.20 immediately the close Tuesday, down from $0.36 a year ago. The consensus estimate was for EPS of $0.19. Revenues tumbled to $512.8 million from $600.0 million last year. Analysts expected revenues of $498.17 million. International Game Technology steadily crashed until around mid-morning Wednesday, before settling into a range. International Game Technology (IGT), Multimedia & Graphics Software, is currently trading at $15.86, which swung 10.52%. The stock is trading -24.15% below its 52-week high and 30.64% above its 52-week low. IGT has $3917.42 million market capitalization. The stock recorded a trading volume of 27686036 shares as compared to its average volume of 5452.78 million shares. IGT’s year to date performance is -12.04%. Investment experts consider it a ‘Hold’ stock.
Microsoft has declared that consumers can expect prices of tablets and smartphones to decline below $200 this year. The news came from Nick Parker, the VP of OEM partners, at Computex, Asia’s key computing show: “We’ll reach price points that are very industry competitive for 7, 8, 10-inch devices. They will really surprise you. Last year, we were in the 3s, 4s, 500 dollars.” Microsoft Corporation (MSFT), Business Software & Services company, boosted 1.60% in last trading session and ended the day on $41.23. The stock is trading -1.03% below its 52-week high and 36.84% above its 52-week low. At the closing bell, shares in Microsoft Corporation recorded a trading volume of 26261252. Its total outstanding shares are 8260.41 million with the market capitalization of $340576.70 million. MSFT showed -0.60% weekly performance. Trade experts think of it as ‘Hold’ stock.
Memory chip maker Micron Technology, Inc. (MU) remarked Thursday immediately the markets closed that it rose to a second quarter profit, as revenue nearly doubled and gross margin improved sharply thanks to its July 2013 acquisition of Elpida Memory, Inc. The company’s quarterly earnings per share, excluding items, also handily knocked analyst estimates as did its quarterly revenue. Micron shares are at present gaining 0.21% in subsequent to hours trading later closing the day’s regular trading session at $24.00, down 35 cents or 1.44%. The price of Micron Technology Inc. (MU), Semiconductor- Memory Chips company, stock swung 1.00% to $31.17. The stock is dealing at -1.36% below its 52-week high and 153.21% above its 52-week low. MU’s return on investment is 1.60%. Company’s 96.00% shares are under accumulation by financial institutions compare to 0.60% by insiders. MU’s yearly performance is 141.44%. Investment experts consider it a ‘Hold’ stock.
Goldman Sachs upgraded its rating on shares of Hewlett-Packard Co. (HPQ) Thursday morning to “Neutral” from “Sell.”
Hewlett-Packard gapped open sharply higher Thursday and is now up 0.95 at $34.20. The stock has broken out past resistance and has set a new high for the year. The price of Hewlett-Packard Company (HPQ), Diversified Computer Systems company, stock gained 5.30% to $35.16. The stock is dealing at 2.51% below its 52-week high and 76.18% above its 52-week low. HPQ has 4.41x price to cash flow ratio with 4.90% profit margin. Its beta value stands at 1.52 times. The firm has the market capitalization of $66632.42 million. HPQ showed 21.53% quarterly performance. We recommend to ‘Hold’ the stock.