Nokia Corporation (ADR) (NYSE:NOK) finally and officially transferred its hardware and services division, the unit that manufactures handsets, to the U.S. software gorilla Microsoft Corporation (NASDAQ:MSFT). The companies announced the reportedly win-win deal last September and have been working on various transfer issues. Nokia Corporation (ADR) (NYSE:NOK) shares after opening at $7.42 moved to $7.43 on last trade day and at the end of the day closed at $7.27. Company price to sales ratio in past twelve months was calculated as 1.55 and price to cash ratio as 2.13. Nokia Corporation (ADR) (NYSE:NOK) showed a negative weekly performance of -0.95%.
Yahoo! was upgraded by analysts at SunTrust from a “neutral” rating to a “buy” rating. They now have a $40.00 price target on the stock, down previously from $42.00. Yahoo! Inc. (NASDAQ:YHOO) shares fell -2.16% in last trading session and ended the day on $34.48. YHOO return on equity ratio is recorded as 9.90% and its return on assets is 8.00%. Yahoo! Inc. (NASDAQ:YHOO) yearly performance is 36.83%.
Pandora Media Inc. (NYSE:P) reported better than expected results for the first quarter as advertisers continue to increase spending on online music streaming music services. Its shares later slipped by 6% after the company second quarter estimates fell below consensus estimates .Pandora expects to break even with three cents a share in profit for the second quarter, below consensus estimates of 5 cents a share. Pandora Media Inc (NYSE:P) shares moved down -16.63% in last trading session and was closed at $23.51, while trading in range of $23.40-$25.87. Pandora Media Inc (NYSE:P) year to date performance is -11.62%.
Bayer AG (ADR) (OTCMKTS:BAYRY) said on Monday that robust demand for its latest medical drugs and crop-protection products underpinned a 23% jump in first-quarter net profit as the German pharmaceutical and chemicals group beat analysts’ expectations of its performance. Bayer AG (ADR) (OTCMKTS:BAYRY) On last trading day company shares ended up $130.07.
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