Stock market movers and shakers for Monday
Fifth Third Bank (NasdaqGS:FITB)– The east coast based bank reported lower than expected earning for the 4th quarter but has seen activity that has put it in it’s highest level for the year.
Applied Materials (NasdaqGS: AMAT)-The California based company has seen a 38.3% drop in revenue in the past 12 months, to add onto woes it was donwgraded today by Citi, though the stock continues to trade above its closing price.
Activision Blizzard, Inc (NasdaqGS: ATVI)- The gaming publisher is scheduled to report fourth quarter and full year 2009 on February 10th. Expectations for non-GAAP earnings in the fourth quarter are running very high with analysts expecting the company to report earnings of 41 cents per share on revenue of $2.23 billion.
Koninklijke Philips Electronics NV (NYSE:PHG)– The health care and lighting solutions company swung to a fourth-quarter profit of 260 million euros ($367 million) from a year-earlier loss of 1.18 billion euros ($1.67 billion). Sales totaled 7.26 billion euros ($10.26 billion), down from 7.6 billion euros ($10.74 billion).
Motorola Inc (NYSE:MOT)– The mobile technology giant said it has filed a complaint with the U.S. International Trade Commission accusing Research In Motion Ltd. of infringing five patents.
Liberty Global Inc Cl A (NASDAQ GS:LBTYA)– The cable company controlled by John Malone agreed to sell its 38% stake in Japanese cable television operator Jupiter Telecommunications Co. for $4 billion to KDDI Corp.
IntercontinentalExchange Inc (NYSE:ICE)– The futures-exchange operator was upgraded to “buy” from “hold” at Deutsche Bank, citing favorable volume trends, a minimal impact from regulatory changes and an uptick in the over-the-counter business, among other factors.
CNH Global N V (NYSE:CNH)– The maker of agricultural and construction equipment, held 89% by Fiat, reported fourth-quarter profit fell 75% to $28 million, or 12 cents a share, but managed to beat analysts’ forecasts. Sales fell 12% to $3.21 billion.