Nokia Corporation Acquires Desti; Pacific Sunwear Sinks on Lowered Q2 Guidance


Follow this company

Companies Mentioned

NYSE:NOK / NASDAQ:PSUN
06/02/2014 [ACCESSWIRE]

Nokia Corporation (NYSE: NOK) shares of Nokia Corporation closed up 2.65% on nearly 25 million shares traded. Nokia has purchased Desti, a mapping start-up. Financial terms of the deal were not disclosed but according to techcrunch.com, the existing app will be shut down so that the company can incorporate it into its HERE platform.

Nokia Corporation is engaged in the network infrastructure, location-based technologies, and advanced technologies businesses worldwide. The company operates through four segments: Mobile Broadband, Global Services, HERE, and Technologies. The Mobile Broadband segment provides mobile operators with radio and core network software together with the hardware needed to deliver mobile voice and data services.

Get more information on Nokia Corporation and free access to the in depth equity report at: www.TrendingWallStreet.com/stockquote/NOK

TrendingWallStreet.com wants to help everyday people gain awareness about some of the hottest penny stocks trading in the stock market today. TrendingWallStreet.com releases momentum alerts on companies that you may have never heard about or thought about looking at. Take a few minutes to register with us at http://www.trendingwallstreet.com/ to get full access to our free stock reports.

Pacific Sunwear of California Inc. (NASDAQ: PSUN) shares closed down 17.69% on about 3.3 million shares traded almost on Friday. The stock sank to a new yearly low of $2.17 during intra-day trading. The company lowered its second-quarter guidance that came in below analysts’ expectations. Second-quarter revenue guidance came in between $200 million and $210 million which is below analysts' expectations of $211.8 million, according to Thomson Reuters.

Pacific Sunwear of California, Inc., together with its subsidiaries, operates as a specialty retailer in the action sports, fashion, and music influences of the California lifestyle. It sells a combination of branded and proprietary casual apparel, accessories, and footwear designed for teens and young adults.

Get more information on Pacific Sunwear of California Inc. and free access to the in depth equity report at” www.TrendingWallStreet.com/stockquote/PSUN  

 

Disclosure: TrendingWallStreet.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Please read our report and visit our website, for complete risks and disclosures. 

COMMENTS

Leave a comment...
 * 

Your Name
 *