Best Buy Co Inc (NYSE:BBY)‘s stock had its “buy” rating reiterated by investment analysts at Bank of America in a note issued to investors on Thursday. Best Buy Co Inc (NYSE:BBY) net profit margin is 1.70% and weekly performance is 2.94%. On last trading day company shares ended up $26.22. Analysts mean target price for the company is $33.10. Best Buy Co Inc (NYSE:BBY) distance from 50-day simple moving average (SMA50) is 1.78%.
Movado Group, Inc. (NYSE:MOV) today announced first quarter results for the period ended April 30, 2014. Gross profit was $65.2 million, or 53.9% of sales, compared to $59.9 million, or 54.5% of sales, in the first quarter last year. The planned decline in gross margin percentage was primarily the result of the unfavorable impact of changes in foreign currency exchange rates and channel and product mix partially offset by leverage gained on certain fixed costs. Movado Group, Inc (NYSE:MOV) shares advanced 0.66% in last trading session and ended the day on $38.27. Gross Margin is 53.50% and its return on assets is 10.60%. Movado Group, Inc (NYSE:MOV) quarterly performance is -1.01%.
On May 21, NetApp Inc. (NASDAQ:NTAP) reported a fiscal fourth-quarter profit of $197 million, or 59 cents a share, on revenue of $1.65 billion. During the same period a year ago, the data-storage technology company earned $174 million, or 47 cents a share, on $1.72 billion in sales. Excluding one-time items, NetApp would have earned 84 cents a share. Analysts surveyed by FactSet had forecast the company to earn 79 cents a share on $1.67 billion in revenue. NetApp Inc. (NASDAQ:NTAP) shares moved up 4.84% in last trading session and was closed at $36.16, while trading in range of $34.82 – $36.67. NetApp Inc. (NASDAQ:NTAP) year to date (YTD) performance is -11.42%.
On May 21, Chinese Internet portal Sina Corp (NASDAQ:SINA) says first-quarter losses more than doubled as it booked a $40 million charge stemming from the stock listing of its Weibo microblog unit. Sina Corp. said late Wednesday that it lost $33.2 million in the January-March period, up from $13.2 million a year earlier. SINA Corp (NASDAQ:SINA) ended the last trading day at $43.02. Company weekly volatility is calculated as 3.53% and price to cash ratio as 1.52. SINA Corp (NASDAQ:SINA) showed a negative weekly performance of -9.47%.
On May 21, Weibo Corporation (ADR) (NASDAQ:WB) a leading social media platform for people to create, distribute and discover Chinese-language content, today announced its unaudited financial results for the first quarter ended March 31, 2014. Net loss increased 146% year over year to $47.4 million, or $0.31 diluted net loss per share attributable to Weibo’s ordinary shareholders. Net loss in the first quarter of 2014 included a loss of $40.2 million from the change in fair value of investor option liability. Weibo Corp (ADR) (NASDAQ:WB) net profit margin is -74.70% and weekly performance is -8.47%. On last trading day company shares ended up $18.05. Analysts mean target price for the company is $25.00. Weibo Corp (ADR) (NASDAQ:WB) distance from 50-day simple moving average (SMA50) is -8.19%.