Verizon Wireless Stake at Play
Vodafone confirmed it's in talks to sell its 45 percent stake in Verizon Wireless. The market has been waiting on a deal for a long time, and today's news is sending VOD higher by 8 percent before the opening bell on my tradeMONSTER platform. VZ is up 7 percent, as well.
Strong Margins Push Guess Higher
Guess earned $0.52 a share in the second quarter, crushing the $0.36 average analyst forecast. Sales of $639 million also beat the $622 consensus number. GES rallies 15 percent in early trading.
Shanda Games Beats on Top, Bottom Lines
China's Shanda Games earned $0.24 a share in its second quarter on revenue of $175.6 million. Analysts had only expected $0.20 and $174.74 million, respectively. GAME is up 3 percent in the premarket.