Stocks In Focus (HRB, NFLX, Citigroup Inc, Apple Inc, Sprint Nextel Corporation)

Posted on September 2, 2011 by Richard Carlyle

H&R Block Inc (NYSE:HRB) slipped 10.8% to $13.54. The Company reported first quarter adjusted EPS of ($0.37), beating the analyst estimate of ($0.39). Revenue for the quarter was $267.7 million compared to the consensus estimate of $275.1 million.

Netflix Inc (NASDAQ:NFLX) declined 8.07% to $214.44 after Starz Entertainment, Pay-TV operator decided not to renew its contract with the Company.

Citigroup Inc (NYSE:C) went down 3.60% to $28.92 on a traded volume of 5.96 million shares. The Company has appointed Douglas Tienken as Director in Agency and Trust Sales, focused on the Insurance Trust product.

Apple Inc (NASDAQ:AAPL) dropped 1.05% to $377.02. The Company has commenced litigation in the U.S. District Court against Apple, Alcatel-Lucent USA Inc, Dell, Hewlett-Packard and others as these companies have infringed and continued to infringe WiLAN’s U.S. Patent No. RE37, 802.

Sprint Nextel Corporation (NYSE:S) moved down 4.81% to $3.56. The Company would benefit if the Justice Department blocked AT&T’s $39 billion deal for T-Mobile USA.

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Written by: Richard Carlyle on September 2, 2011.
Last revised by: ankit
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