x min read

International Business Machines Corporation (NYSE:IBM) Saw Several Division Going Down- Texas Instruments Inc. (NASDAQ:TXN), Rambus Inc. (NASDAQ:RMBS)

International Business Machines Corporation (NYSE:IBM) Saw Several Division Going Down- Texas Instruments Inc. (NASDAQ:TXN), Rambus Inc. (NASDAQ:RMBS)
Written by
Ryan Mitchell
Published on
October 21, 2014
Copy URL
Share on LinkedIn
Share on Reddit
Share on Twitter/X
Share on Facebook
InsidrFinancial

International Business Machines Corp. (NYSE:IBM) plunged over 0.6% in early trading session follow the drop in last session after the released its sharply lower earnings in its third quarter as sales dropped across several divisions along with the tech giant reached a contract to transfer its semiconductor operations to Globalfoundries Inc. The firm also acknowledged it won't meet its goal of releasing earnings of at least $20 a share coming year, a target it stood by for five years. International Business Machines Corporation (NYSE:IBM) stock hit highest price at $170.331, beginning with a price of $166.93 to the closed at 169.10 by a lose of -7.11% with a day range of $166.69-$170.331. The total market capitalization remained 168.7 Billion, total volume of 23.38 Million shares held in the session was surprisingly higher than its average volume of 3217.43 shares.Texas Instruments Inc. (NASDAQ:TXN) released on Monday its third-quarter profit of $826M or $0.76 per share, as compared to $629 million or $0.56 per share previous year. On average, 31 analysts polled by Thomson Reuters anticipated the firm to earn $0.71 per share for the quarter. Analysts' estimates typically exclude special items. On the other consideration, Texas Instruments Inc. (NASDAQ:TXN) begun last trade with a price of $43.48 and throughout the trading session climbed at $44.50. The day-trade ended with an increase of 1.69% to closed at $44.41. The stock is going forward its fifty-two week low with 15.71% and lagging behind from its 52 week high price with -10.34%. TXN last month stock price volatility remained 2.35%.On the other hand, Rambus Inc. (NASDAQ:RMBS) also released its net income for the third quarter of $5.5M or $0.05 a share, as compared to a net loss of $5.7M or $0.05 a share for the year-ago quarter. Excluding items, adjusted net income for the third quarter was $14.8 million or $0.13 per share, compared to $17.4 million or $0.15 per share in the prior year quarter. Shares of Rambus Inc. (NASDAQ:RMBS) opened at $11.01 with 114.39 million outstanding shares and hit to its highest price of $11.28 during the day and finally closed at $10.97 by scoring -0.81%. In the whole session, it traded on volume of 1.23 Million shares, which turned higher than its average volume.

Discover Hidden Gems

Don't miss the next big opportunity. Subscribe for timely alerts on potential market movers.