NEW YORK, April 17, 2013 - cheapstocks.us, one of the leaders in providing investment alerts on U.S. stocks are announcing Investment Highlights on Bank of America Corp, Yahoo! Inc, Caterpillar Inc, eBay Inc.
Bank of America Corp(NYSE:BAC) shares fell 2.36% to $11.98 after the company today reported a lower-than-expected first-quarter profit and its revenue fell.
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Net income increased to $2.62 billion, or 20 cents per share, from $653 million, or 3 cents per share in the same period a year earlier as expenses dropped and the bank set aside less money to cover bad loans. Adjusted revenue fell 8.4% to $23.85 billion, partly due to lower revenue from trading in fixed income securities and mortgages. Revenue from the fixed income, currency and commodities markets fell $829 million to $3.3 billion. Analysts on average had expected BofA to earn 22 cents per share.
Yahoo! Inc.(NASDAQ:YHOO) shares fell 1.56% to $23.40 after the company today reported a drop in its main display advertising business and gave a second- quarter sales forecast that may fall short of analyst estimates.
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First quarter net income attributable to YHOO increased 36 percent to $390.3 million, or 35 cents a share, from $286.3 million, or 23 cents, a year earlier. Profit excluding 3 cents related to stock-based compensation was 38 cents a share, compared with 27 cents a year earlier.
Search revenue dropped 10 percent to $425 million. Looking forward, the company expects second-quarter revenue, excluding money passed to partner sites, to be as much as $1.09 billion. Analysts on average had projected revenue of $1.11 billion.
Caterpillar Inc. (NYSE:CAT) shares declined 1.38% to $81.47 in the morning hour. The company will begin trading ex-dividend on April 18, 2013. A cash dividend payment of $0.52 per share is scheduled to be paid on May 20, 2013. Shareholders who purchased CAT stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 4th quarter that CAT has paid the same dividend.
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Additionally, CAT’s stock was downgraded by equities research analysts at Macquarie to a “neutral” rating in a research note issued to investors on April 17.
eBay Inc (NASDAQ:EBAY) shares fell 1.03% to $56.42. The company is expected to release its first-quarter results after the close of trading today. For today's results, the consensus of analysts for eBay to earn
62 cents a share on revenue of $3.77 billion for the quarter that ended in March. During the same period a year ago, eBay earned 44 cents a share on $3.3 billion in sales. Excluding one-time items, eBay would have earned 55 cents a share.
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EBAY’s stock had its price target upped by KBW from $62.00 to $65.00 in a research note released on April 3. They currently have an outperform rating on the stock. Additionally, the company’s Chief Executive Officer John
Donahoe said Mar. 27, that the company would enable $300 billion of commerce in 2015, up from $175 billion in 2012. That forecast includes sales on eBay's online marketplace, payments processed by PayPal and other transactions touched by the company's various businesses, such as GSI Commerce.
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