BlackBerry CEO Fires off at T-Mobile; Nabors Industries Tops Earning Expectations


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NYSE:NBR / NASDAQ:BBRY / OTC:BB:XXII / PK:REVI
02/20/2014 [ACCESSWIRE]

Nabors Industries Ltd. (NYSE: NBR) – For an in-depth report on Nabors Industries Ltd. follow: www.BullTrends.com/stockquote/NBR

Shares of Nabors Industries Ltd. closed up 13.34% on about 17.2 million shares on Wednesday and was one of the biggest gainers in the NYSE. The stock also hit a new 52-weke high of $21.27 during intra-day trading. Nabors Industries reported Q4 earnings per share of 42 cents and revenue of $1.61B, easily topping expectations of 20 cents and $1.55B, respectively. The company noted that its EPS results benefited by about 16c from tax benefits, the full recovery of receivables in a customer bankruptcy settlement, and early termination payments. Nabors said it believes 2013 will represent the low point in its "protracted five-year trough" and that beginning in its second quarter the company foresees "substantial year-over-year quarterly improvement, which should accelerate in the second half.

BlackBerry Limited (NASDAQ: BBRY) – For an in-depth report on BlackBerry Limited follow: www.BullTrends.com/stockquote/BBRY

Shares of BlackBerry Limited closed down 4.76% on about 23.5 million shares traded. The company’s Chief Executive John Chen fired at T-Mobile US Inc earlier in the week, calling ill-conceived a promotion run by the company that encourages customers using BlackBerry smartphones to upgrade to iPhones. T-Mobile US had sent out emails to some of its customers last week, pitching them free iPhone 5s and touting the promotion as a "great offer for BlackBerry customers".

22nd Century Group, Inc. (OTCBB: XXII) – For an in-depth report on 22nd Century Group, Inc. follow: www.BullTrends.com/stockquote/XXII

22nd Century Group Inc. closed up 4.88% on about 635,000 shares traded, even hitting a new 52-week high of $3.60 during intra-day trading. The stock was one of the most active stocks in the OTCBB market. Earlier this month the company announced that it had submitted documentation to the New York Stock Exchange and answered questions pursuant to an initial request letter as a first step toward filing a formal application for listing its common shares on NYSE MKT. The formal application will be submitted immediately after a committee at the NYSE reviews 22nd Century Group and issues a clearance letter for the Company to proceed. The committee review is scheduled for Thursday, February 20, 2014. The Company believes it currently meets all eligibility requirements of NYSE MKT.

Resource Ventures Inc. (OTC: REVI) – For an in-depth report on Resource Ventures Inc. follow: www.BullTrends.com/stockquote/REVI

Shares of REVI closed up nearly 30% on Wednesday with roughly 70 million shares traded, significantly higher than the average volume of 4 million shares the stock has. The company posted record annual revenues of $ 2,311,959.00 and Record Net Income of $ 166,559.00, for the Year Ended December 31, 2013. Mrs. Kaiser said, "We are very excited for the explosive growth that we foresee throughout 2014 and beyond, which includes the recent Joint Venture with Hemp, Inc. to publish 'The Hemp Nation Magazine,' as well as other expansion plans which are being guided with the consulting services of, The Industrial Hemp and Medical Marijuana Consulting Company, Inc., IHMMCC, a wholly owned subsidiary of Hemp, Inc. (PINKSHEETS: HEMP)." Ms. Kaiser added that "these relationships open Resource Ventures, Inc. to a whole world of possible joint ventures, mergers and acquisitions."

 

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