Nokia Corporation (ADR) (NYSE:NOK) announced that the EUR 800 million senior notes issued in March 2013 by Nokia Solutions and Networks Finance B.V., the finance company of its Networks business formerly known as NSN, will be redeemed. The redemption is part of Nokia’s planned EUR 5 billion capital structure optimization program announced on April 29, 2014, which focuses on, among other things, reducing interest bearing debt. Nokia has announced that it plans to reduce interest bearing debt by approximately EUR 2 billion by the end of the second quarter 2016. Nokia Corporation (ADR) (NYSE:NOK) net profit margin is -9.50% and weekly performance is 4.67%. On last trading day company shares ended up $7.62. Analysts mean target price for the company is $8.06. Nokia Corporation (ADR) (NYSE:NOK) distance from 50-day simple moving average (SMA50) is 3.04%.
4G Americas, a wireless industry trade association representing the 3GPP family of technologies, announced the election of Sprint Corporation (NYSE:S) to its Board of Governors. Sprint will join leading service providers and manufacturers to advocate for and foster the advancement and full capabilities of LTE and LTE-Advanced technologies throughout the ecosystem’s networks, services, applications and wirelessly connected devices in the Americas. Sprint Corporation (NYSE:S) shares advanced 1.22% in last trading session and ended the day on $9.10. its return on assets is -3.10 %. Sprint Corporation (NYSE:S) quarterly performance is 10.04%.
Advanced Micro Devices, Inc. (NYSE:AMD) is an electric components company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well. Advanced Micro Devices, Inc. (NYSE:AMD) shares moved up 1.23% in last trading session and was closed at $4.10, while trading in range of $4.05 – $4.10. Advanced Micro Devices, Inc. (NYSE:AMD) year to date (YTD) performance is 5.94%.
Tesla Motors, Inc. (NASDAQ:TSLA) will launch the right hand version of Model S Performance Plus in Britain next month, according to media reports. This is expected to boost demand for the car in the country where electric cars are not popular. Only 1,547 electric cars were sold in Britain in the first quarter of 2014. Tesla Motors Inc (NASDAQ:TSLA) ended the last trading day at $199.45. Company weekly volatility is calculated as 3.15% and price to cash ratio as 9.58. Tesla Motors Inc (NASDAQ:TSLA) showed a positive weekly performance of 4.63%.
On May 15, Intesa Sanpaolo SpA (ADR) (OTCMKTS:ISNPY) reported a surge in first-quarter profit, mainly driven by higher commission income and lower provisions for loans gone sour. The Italian bank said first-quarter net profit rose to EUR503 million ($690 million), compared with EUR306 million in the same period last year, making it the highest net profit figure for eight quarters. The results were released on a day when the European Union statistics agency Eurostat published gross domestic product figures for the euro zone and Italy that fell short of economists’ expectations. GDP grew 0.2% in the euro zone during the first quarter compared with the final three months of 2013, Eurostat said, which is lower than the 0.4% gain expected by economists. Italy’s economy declined 0.1% compared with the previous quarter; economists had expected it to grow around 0.2%. Intesa Sanpaolo Spa (ADR) (OTCMKTS:ISNPY) On last trading day company shares ended up $18.86 .