Marathon Oil Corporation Beats Zacks Consensus Estimate; Modelez International to Spin off Coffee Business


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Companies Mentioned

NYSE:MRO / NASDAQ:MDLZ / PK:HEMP / NASDAQ:OCLR
05/08/2014 [ACCESSWIRE]

Marathon Oil Corporation (NYSE: MRO) - For an in-depth report on Marathon Oil Corporation follow: www.BullTrends.com/stockquote/MRO

Shares of MRO closed down a modest 1.85% on Wednesday with about 11.8 million shares traded. The stock was one of the most active stocks on the NYSE. The company reported first-quarter 2014 earnings that came in better than expected. The company reported first-quarter adjusted earnings of 88 cents per share which surpassed the Zacks Consensus Estimate of 72 cents.

Mondelez International, Inc. (NASDAQ: MDLZ) - For an in-depth report on Mondelez International, Inc. follow: www.BullTrends.com/stockquote/MDLZ

Mondelez International closed up 8.18% on about nearly 26 million shares traded. The stock was one of the biggest gainers on the NASDAQ and hit a new yearly high of $38.47 during intra-day trading. The company announced strong earnings and also said they plan to spin off its coffee business. Mondelez and D.E Master Blenders will be combining their coffee businesses to form a company that will have an annual revenue greater than $7 billion.

Hemp, Inc. (OTC: HEMP) - For an in-depth report on Hemp, Inc. follow: www.BullTrends.com/stockquote/HEMP

Shares of HEMP closed up 31.24% on about 63 million shares traded. The stock was one of the biggest gainers in the OTC market. The company publicized the signing of Senate Bill 2175 (Act 56) by Hawaii Governor, Neil Abercrombie to allow the state's University of Hawaii, College of Tropical Agriculture and Human Resources (at Manoa) to establish a two-year industrial hemp remediation and biofuel crop research and analysis program.

Oclaro, Inc. (NASDAQ: OCLR) - For an in-depth report on Oclaro, Inc. follow:  www.BullTrends.com/stockquote/OCLR

Shares of Oclaro Inc. closed down 33.46% on nearly 8.6 million shares traded. The company missed analyst’s expectations in the third quarter and Q4 outlook came in also below estimates. For Q3 the company reported a loss of -17 cents a share, missing the Capital IQ Consensus Estimate of a loss of -16 cents a share by 1 cent. Revenue fell -6.1% to $95.39 million in the quarter while analysts were expecting revenue of $98.79 million for the quarter.

 

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