Hewlett-Packard Company (NYSE: HPQ) reported late on Wednesday that its fiscal second-quarter profit fell 32% as revenue declined across all segments; however, shares rallied in aftermarket trading as adjusted earnings topped street’s estimations, thanks to cost cutting measures. The Company also provided optimistic guidance for the current quarter.

For the current quarter, the Palo [...]

Shares of Zale Corp. (ZLC) catapulted more than 20% by afternoon trade after the jewelry retailer reported on Wednesday that it swung into fiscal third quarter profit. The Company also announced that the appointment of its new Chairman, Terry Burman, who previously served at the Chief Executive at rival firm, Signet Jewelers Ltd. For the [...]

Toll Brothers Inc. (NYSE: TOL) reported on Wednesday that its fiscal second-quarter profit climbed 46% as vastly improving U.S. housing market allowed the luxury homebuilder to sell more homes at higher average prices.

Shares rallied after the results were announced.

The Horsham Pa. based Company has been benefitting due to record low interest rates, [...]

Shares of Freddie Mac (OTC: FMCC), a provider of liquidity and stability to the secondary mortgage market, are up sharply in trading today. At last check, FMCC shares were trading 12% higher at $1.69 on above average volume of 23.13 million. The stock hit a 52-week high of $1.70 earlier today. FMCC shares have gained [...]

For the young generation, Facebook (NASDAQ: FB) isn’t cool thing anymore. Indeed! According to a recent study conducted by the Pew Research Center, teens are showing “waning enthusiasm” for the social networking site, reported All Things Digital, a technology blog on Tuesday.

Pew Research Center’s survey, which was conducted last September and made public [...]

Shares of Carnival Corporation (NYSE: CCL) fell about 4.30% by afternoon trade after the cruise company late on Monday downwardly revised its full-year outlook. Higher costs, current pricing strategy has resulted in more-than-expected dip in revenue yields, the Company said. Besides, higher-than-expected number of voyage cancellations is also expected to weigh on the top line. [...]

The Home Depot Inc. (NYSE: HD) reported on Tuesday that its fiscal first-quarter profit rose 18% thanks to strong growth both in the revenue and comparable-store-sales.

Both earnings and revenue topped analysts’ expectation.

Home Depot’s Chief Executive Frank Blake attributed this to ongoing recovery in the U.S. housing market.

The Company also upwardly revised [...]

Shares of Nostra Energy Inc. (OTC: NORX), an exploration stage company engaged in the exploration and development of oil and gas properties in the U.S., are climbing in trading today. At last check, NORX shares were trading 1.97% higher at $0.775 on volume of 597,901. The stock hit an all-time high of $0.79 earlier today. [...]