Stocks to Watch: AAPL, F, P & More
Take a look at some of Wednesday morning's early movers:
Apple - The company is set to introduce what’s expected to be a new version of the iPad at an event in San Francisco. The event will begin at 1pm ET/10am PT.
Pandora - The online music service did post a record 71% rise in fourth quarter revenue, but even with that surge, sales fell below Wall Street estimates.
Ford - An SEC filing says shares awarded to CEO Alan Mulally back in 2009 have now vested. The 4.82 million shares were worth $5.6 million when they were awarded, but are now worth more than $34 million.
Cypress Semiconductor - The chipmaker says it will earn 8 to 11 cents per share for the first quarter, compared to Wall Street estimates of 17 cents. The company does say that it’s seeing stabilization in customer bookings, and that January likely represented the bottom for revenues and bookings.
Netflix - Reuters reports that CEO Reed Hastings has reportedly met with large U.S. cable companies to discuss adding the streaming online video service to their on-demand offerings through set top boxes.
HSBC - The bank has agreed to sell its general insurance businesses to French Insurer Axa and Australia’s QBE for $914 million in cash.
Google - The company is reportedly planning to sell the set top box business that it will acquire when it completes its purchase of Motorola Mobility , according to the New York Post.
General Electric - The Dow component has reaffirmed its outlook for double-digit revenue growth in 2012, and will continue to target dividend growth in line with earnings. GE is the minority shareholder of NBCUniversal.
Staples - The office supplies retailer is raising its quarterly dividend by 10 percent, to 11 cents from the prior 10 cents.
Ciena - The networking equipment maker reported a quarterly loss of 17 cents per share, excluding certain items, compared to analyst estimates of a five cent per share loss.
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