Latest Earnings News has issued earnings forecast reports for investors digging US stock market’s real value: Hertz (NYSE:HTZ), Endo Health (NASDAQ:ENDP), Marvell (NASDAQ:MRVL), GT Advanced Technologies (NASDAQ:GTAT), Michael Kors (NYSE:KORS), and Pandora Media (NYSE:P).
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Report Highlights:
Hertz Global Holdings, Inc. (NYSE:HTZ): By the end of trading session, Hertz (NYSE:HTZ) shares slumped 10.50% to US$21.30 with more than 74.12 million shares traded, compared to its average volume of 11.65 million shares. The car-rental company said it hasn't received all due payments from its sale of the Advantage brand to Simply Wheelz, forcing it to terminate the contract and evaluate its options. Hertz has taken a US$4 million reserve on the quarter and a $40 million impairment charge to cover any losses on the sale. Observing comprehensive analysis of Hertz could help investors have huge gains in investment. Check HTZ earnings forecast report below.
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Endo Health Solutions Inc (NASDAQ:ENDP): The Endo Health (NASDAQ:ENDP) shares began the trading session with a price of US$53.50. When day-trade ended, the stock finally surged 28.83% (or US$12.58) to US$56.22. The stock traded 33.16 million shares in the last trading session, compared to its daily average of 1.51 million shares. Endo Health Solutions is buying specialty drug maker Paladin Labs for US$1.5 billion, and the new company will then be moved into an Irish holding company. Investors may want to find out where Endo Health will go from here. Observe comprehensive ENDP earnings forecast report here.
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Marvell Technology Group Ltd. (NASDAQ:MRVL): The share of Marvell (NASDAQ:MRVL) began the trading session with a price of US$11.92. When day-trade ended, the stock price soared 8.53% to US$13.03 by the end of last trading session. The stock traded 30.21 million shares in the last trading session, compared to its daily average of 6.12 million shares. Bloomberg reports the investment firm, KRR & Co, allegedly purchased its position for around US$296 million based on Marvell's US$5.9 billion market cap as of Monday and could be considering a leveraged buyout. Do you think Marvell will go on? Do you think now is a good time to buy the stock? Investors could check MRVL earnings forecast report here.
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Today also observed abnormal trade volume for the following companies; Check out the consensus earnings forecast reports below:
GT Advanced Technologies Inc (NASDAQ:GTAT):
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Michael Kors Holdings Ltd (NYSE:KORS):
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Pandora Media Inc (NYSE:P):
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Reported on Nov 6, 2013