The stock market is up Tuesday, with the Dow Jones Industrial Average up 0.25%, the Nasdaq up 0.28% and the S&P 500 up 0.26%. Today’s market winners both reported strong quarterly results, sending shares up. Meanwhile, today’s losers include one company who reported underperforming second-quarter results while another loser is losing ground in the mobile phone market.
Here are Tuesday’s market winners and losers.
Biggest Winners
Shares of Michael Kors Holdings Ltd. (NYSE: KORS) are up 13.01% to $47.86 on trading volume of 9.2 million shares. The company reported first quarter earnings of 34 cents a share, better than the 20 cents a share analysts were expecting. The 52-week high is $50.69.
Shares of Velti Plc (NASDAQ: VELT) are up 13.01% to $7.96 on trading volume of 3 million shares. Revenue for the mobile technology company rose 71% year-over-year, and the company raised its full-year revenue outlook to $285 million to $296 million. The 52-week high is $14.65.
Biggest Losers
Shares Groupon, Inc. (NASDAQ: GRPN) are up 23.18% to $5.80 on trading volume of 27.3 million shares. The company reported second-quarter revenue of $568.3 million, below the $575.3 million analysts polled by Bloomberg expected. Before Tuesday, the 52-week low was $6.35
Shares of Nokia Corporation (NYSE: NOK) are down 6.13% to $2.45 on trading volume of 28.6 million shares. Market share for Nokia was 19.9% in the second-quarter, according to research firm Gartner, down from 22.8% in the year-ago period. The 52-week low is $1.63.
Samuel Weigley
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