May Sell, License Assets
The good news continues for Research in Motion! Today, the CEO is telling a German newspaper that the company may sell its handset business or license its software to rivals. That has RIMM up 6 percent before the bell on my tradeMONSTER platform.
Travelers Crushes Estimates
Analysts had worried about hurricane Sandy hurting results at Travelers, but the hit wasn't nearly as bad as feared. Profit was $0.72 a share, crushing the $0.14 consensus estimate. Revenue of $6.48 billion was also much better than the $5.34 billion forecast. TRV is up almost 3 percent before the bell.
Big Costs Hammer Verizon
Verizon Communications got slammed by one-time items related to compensation expenses and Sandy. That resulted in a $1.93 billion quarterly loss. Adjusted earnings, on a per-share basis, also missed consensus. VZ is down 2 percent in the premarket.
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