Federal National Mortgage Association Reports Ninth Consecutive Quarterly Profit; Molycorp Downgraded to “Underweight”


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Companies Mentioned

NYSE:MCP / NASDAQ:GTAT / NASDAQ:MSFT / OTC:BB:FNMA
05/12/2014 [ACCESSWIRE]

Molycorp, Inc. (NYSE: MCP) - For an in-depth report on Molycorp, Inc. follow: www.BullTrends.com/stockquote/MCP

Shares of Molycorp closed down 17.79% on nearly 25 million shares traded. The stock was one of the biggest decliners on the NYSE and hit a new yearly low of $3.01 during intra-day trading. The company was downgraded to “underweight" from "neutral" after the company’s 1st quarter results came in short of analyst’s expectations.

GT Advanced Technologies Inc. (NASDAQ: GTAT) - For an in-depth report on GT Advanced Technologies Inc. follow: www.BullTrends.com/stockquote/GTAT

GTAT shares closed down 7.53% on nearly 15.3 million shares traded on Friday. The stock was one of the biggest decliners on the NASDAQ. The company missed analysts’ expectations for the first quarter. The company reported a loss of -22 cents a share, in-line with the Capital IQ Consensus Estimate. Revenue fell -61.1% year-over-year to $22.5 million for the quarter. Analysts had expected revenue of $26.94 million for the quarter.

Microsoft Corporation (NASDAQ: MSFT) - For an in-depth report on Microsoft Corporation follow: www.BullTrends.com/stockquote/MSFT

Shares of Microsoft closed modestly in the red on Friday with about 29.6 million shares traded. The company has teamed up with Welsh Assembly, in order to bring the Welsh language to Office, Bing and the Windows and Windows Phone translator apps.

Federal National Mortgage Association (OTCBB: FNMA) - For an in-depth report on Federal National Mortgage Association follow:  www.BullTrends.com/stockquote/FNMA

Shares of FNMA closed up 3.37% on about 19.7 million shares traded. The company reported its first-quarter 2014 net income of $5.3 billion, which was down from $58.7 billion earned in the prior-year quarter. FNMA has reported nine consecutive quarterly profits. Revenue came in at $4.1 billion revenue.

 

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