Markets Buzz: Alcatel Lucent SA (ADR) (NYSE:ALU), AMR Corporation (OTCMKTS:AAMRQ), Federal National Mortgage Association (OTCBB:FNMA)
Lakeway, NY — (Market News Call) — 11/01/2013 — Specialpennystockalert.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market about the small and penny stocks, issues news alert on Alcatel Lucent SA (ADR) (NYSE:ALU), AMR Corporation (OTCMKTS:AAMRQ), Federal National Mortgage Association (OTCBB:FNMA).
Alcatel Lucent SA (ADR) (NYSE:ALU) shares gained 16.06% to $3.83. The company on Oct. 30 posted higher revenues in the third quarter helped by double-digit growth in the highly profitable U.S. market as it raced to cut costs to try to end six straight quarters of losses. Revenue in the third quarter rose 7% on a constant currency basis and 1.9% on a reported basis to reach 3.67 billion euros ($5.05 billion). The group posted a net loss of 200 million euros, and had a gross margin of 32.6%, an improvement from 27.8% a year ago.
Additionally, Alcatel-Lucent (ALU) and Dr. Patrick Soon-Shiong’s convergence-focused NantWorks, LLC, on Oct. 31 announced a definitive agreement by which NantWorks will acquire Alcatel-Lucent’s Digital Multimedia Solutions product business unit. The financial terms of the deal have not been disclosed.
AMR Corporation (OTCMKTS:AAMRQ) shares gained 0.68% to $7.35. The company on Oct. 23 reported higher-than-expected third-quarter profit as increased ticket prices bolstered revenue. The company said net income fell to $216 million, or $1.04 a share, in the quarter, from $245 million, or $1.24 a share, a year earlier. Adjusted for merger-related costs and other special items, profit came to $1.16 a share, compared with the average analyst estimate of $1.12.
Additionally, US Airways and American Airlines will offer to give up some take-off and landing slots at Reagan National Airport near Washington, D.C. as part of a deal to get the U.S. Justice Department to allow them to merge, Dow Jones reported on Oct. 30, citing people familiar with the process.
Federal National Mortgage Association (OTCBB:FNMA) shares jumped 5.88% to $2.34. The company on Oct. 30 said it plans to sell $500 million of benchmark bills. The sale will include $250 million of three-month bills, due Jan. 29, 2014, and $250 million of six-month bills, due April 30, 2014.
Additionally, the company on Oct. 23 said it sold $500 million of benchmark bills at lower interest rates compared with last week’s sale of similar maturities. Fannie Mae said it sold $250 million of three-month bills due Jan. 22, 2014 at a 0.040 percent stop-out rate, or lowest accepted rate, down from the 0.175 percent rate for $250 million of three-month bills sold Oct. 16.
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Tags: Alcatel Lucent SA (ADR) (NYSE:ALU), AMR Corporation (OTCMKTS:AAMRQ), Federal National Mortgage Association (OTCBB:FNMA)