Latest Earnings News has issued earnings forecast reports for investors digging US stock market’s real value: Best Buy (NYSE:BBY), Trina Solar (NYSE:TSL), 3D Systems (NYSE:DDD), Brocade Communications Systems (NASDAQ:BRCD), Groupon (NASDAQ:GRPN), and Micron (NASDAQ:MU).
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Report Highlights:
Best Buy Co., Inc. (NYSE:BBY): By the end of trading session, Best Buy (NYSE:BBY) shares fell 10.97% to US$38.78 with more than 33.15 million shares traded, compared to its average volume of 5.87 million shares. The big-box electronics retailer actually delivered a solid third quarter with adjusted earnings per share of US$0.18. However, the retail chain warned that the holiday season would be tough, as it expects an especially competitive shopping period that would put pressure on margins. Observing comprehensive analysis of Best Buy could help investors have huge gains in investment. Check BBY earnings forecast report below.
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Trina Solar Limited (ADR) (NYSE:TSL): The Trina Solar (NYSE:TSL) shares began the trading session with a price of US$17.34. When day-trade ended, the stock finally lost 5.81% (or US$0.94) to US$15.25. The stock traded 20.47 million shares in the last trading session, compared to its daily average of 5.63 million shares. The Chinese solar manufacturer reported net income of US$9.9 million on the back of US$548.4 million in revenue and a 15.2% gross margin. Investors may want to find out where Trina Solar will go from here. Observe comprehensive TSL earnings forecast report here.
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3D Systems Corporation (NYSE:DDD): The share of 3D Systems (NYSE:DDD) began the trading session with a price of US$79.48. When day-trade ended, the stock price dropped 6.32% to US$75.51 by the end of last trading session. The stock traded 11.27 million shares in the last trading session, compared to its daily average of 4.91 million shares. Since the analysts at Bank of America increased their price target for 3D Systems to US$90 up from US$69 per share, 3D Systems pop on Monday. On Tuesday, it may just be the outsized reaction of a few momentum names amidst a general sell-off in tech. Do you think 3D Systems will go on? Do you think now is a good time to buy the stock? Investors could check DDD 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:
Brocade Communications Systems, Inc. (NASDAQ:BRCD):
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Groupon Inc (NASDAQ:GRPN):
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Micron Technology, Inc. (NASDAQ:MU):
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Reported on Nov 20, 2013