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Morning Buzz: PPL Corporation (NYSE:PPL), Fifth Third Bancorp (NASDAQ:FITB), Kirby Corporation (NYSE:KEX), Globalstar Inc. (NYSEMKT:GSAT), Fonar Corp. (NASDAQ:FONR)

Morning Buzz: PPL Corporation (NYSE:PPL), Fifth Third Bancorp (NASDAQ:FITB), Kirby Corporation (NYSE:KEX), Globalstar Inc. (NYSEMKT:GSAT), Fonar Corp. (NASDAQ:FONR)
Written by
Charles Donlon
Published on
November 7, 2014
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PPL Corporation (NYSE:PPL) says its third-quarter earnings are up from the same time a year ago, but it still expects to cut 450 jobs. PPL Corporation (NYSE:PPL) belongs to Utilities sector. Its net profit margin is 8.50% and weekly performance is 3.36%. On last trading day company shares ended up $35.99. PPL Corporation (NYSE:PPL) distance from 50-day simple moving average (SMA50) is 6.64%. Fifth Third Bancorp (NASDAQ:FITB) announced that it has donated $190,000 to Rebuilding Together, a community revitalization partner, to fund long-term home rebuilding projects with a special emphasis on low-income veterans. Fifth Third Bancorp (NASDAQ:FITB) shares advanced 0.59% in last trading session and ended the day at $20.30. FITB return on assets is 1.10%. Fifth Third Bancorp (NASDAQ:FITB) quarterly performance is 3.89%. On Oct. 29, Kirby Corporation (NYSE:KEX) announced record net earnings attributable to Kirby for the third quarter ended September 30, 2014 of $76.7 million, or $1.34 per share, compared with $69.1 million, or $1.21 per share, for the 2013 third quarter, which included a $0.08 per share benefit due to the reduction of the United earnout liability. Consolidated revenues for the 2014 third quarter increased 24% to $680.7 million compared with $551.1 million reported for the 2013 third quarter. On 06 November, Kirby Corporation (NYSE:KEX) shares advanced 0.19% and was closed at $105.83. KEX EPS growth in last 5 year was 8.80%. Kirby Corporation (NYSE:KEX) year to date (YTD) performance is 6.63%. Globalstar Inc. (NYSEMKT:GSAT) reported third-quarter net income of $129.39 million or $0.11 per share, compared to a loss of $204.97 million or $0.30 per share, prior year. Net income during the third quarter of 2014 reflected the impact of non-cash gains resulting from a decrease in the value of the company's derivative instruments, as well as an improved operating margin compared to the third quarter of 2013. Globalstar Inc. (NYSEMKT:GSAT) belongs to Technology sector. Its weekly performance is 11.21%. On last trading day company shares ended up $2.48. Globalstar Inc. (NYSEMKT:GSAT) distance from 50-day simple moving average (SMA50) is -18.33%.On Oct 28, Fonar Corp. (NASDAQ:FONR) announced a sale of its UPRIGHT® MRI to a long-time FONAR customer, Medserena, of Germany. The FONAR UPRIGHT® Multi-Position™ MRI (aka Stand-Up® MRI) scanner is the world's only MRI scanner licensed under FONAR's multiple UPRIGHT® MRI patents to scan all the patient's body parts in their normal multiple, full weight-bearing UPRIGHT® positions. This will be the fifth sale of a FONAR UPRIGHT MRI in Germany. Fonar Corp. (NASDAQ:FONR) shares advanced 0.24% in last trading session and ended the day at $12.78. FONR Gross Margin is 45.70% and its return on assets is 15.70%. Fonar Corp. (NASDAQ:FONR) quarterly performance is 28.31%.

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