Northern,WI  2/7/2013 (BasicsMedia) – Giddy up, n, go! The end of the week is close and the following companies are trading above the daily averages.

Our first volume leader is Alcatel-Lucent (ALU) which has traded over 50 million shares and is down a little over 5% today. The company’s stock started trading heavy and headed in the wrong direction after the company reported a Q4 loss and confirmed that CEO Ben Verwaayen will step down once the company’s board has chosen a successor.

The company reported Q4 revenue of 4.1 bilion Euros, slightly below the Street consensus at 4.12 billion. Revenues were up 13.8% sequentially, but down 1.3% from the year ago quarter.

In the quarter, Alcatel lost 1.37 billion Euros, or 60 Euro cents a share, reflecting a 1.41 billion Euro asset impairment charge. Operating income was 66 million Euros, which was actually ahead of the Street at 57.9 million.

Alcatel also said it does not plan to pay a dividend for 2012.

While North American sales improved to 1.6 billion Euros from 1.41 billion a year ago, European revenue fell to 1.1 billion Euros from 1.28 billion, and Asia-Pacific fell to 714 million Euros from 775 million.

Our second active stock today is News Corp. (NWSA) which is trading over twice its daily average at almost 40 million shares today. The company reported quarterly earnings more than doubled, while Prudential Financial andLazard Ltd. both posted losses for their fourth quarters.

Media company News Corp. (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV) earned $2.38 billion, or $1.01 per share, in its fiscal second quarter, compared with $1.06 billion, or 42 cents per share, a year earlier. Earnings were lifted by a $1.4 billion gain from the company taking a bigger stake in Fox Sports Australia and Fox Star Sports Asia, as well as $131 million from a stock buyback program at British Sky Broadcasting, which News Corp. has a 39 percent stake in.

Excluding one-time items, earnings were 44 cents per share, which beat a FactSet analysts poll by a penny. Revenue rose 5 percent to $9.43 billion, also beating analysts forecast of $9.26 billion.

Bringing up the rear on this Thursday is Micron Technology, Inc. (MU) trading over 45 million shares so far today. The company has set the pricing of an offering of $270 million aggregate principal amount of its 1.625% convertible senior notes due 2033 (the “2033E Notes”) and $270 million aggregate principal amount of its 2.125% convertible senior notes due 2033 (the “2033F Notes” and, together with the 2033E Notes, the “2033 Notes”). The 2033 Notes are being offered to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Micron has granted the initial purchasers an option to purchase up to an additional $30 million aggregate principal amount of each of the 2033E Notes and the 2033F Notes on the same terms and conditions to cover over-allotments, if any. Interest on the 2033E Notes will be paid semi-annually at a rate of 1.625% per year and will mature on February 15, 2033, unless earlier repurchased, redeemed or converted. Interest on the 2033F Notes will be paid semi-annually at a rate of 2.125% per year and will mature on February 15, 2033, unless earlier repurchased, redeemed or converted.

 

Disclaimer:  We have no position in any stock mentioned here.

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