Stock in Action: Sonic Corp. (NASDAQ:SONC), Nokia Corporation (ADR) (NYSE:NOK), Anthem, Inc. (NYSE:ANTM)

April 25, 2023 6:55 am4 commentsViews: 63

An operator of quick-service drive-in restaurants, Sonic Corp. (NASDAQ:SONC) released on Monday that its third-quarter net earnings of $20.4M or $0.38 a share as compared with $16.8M or $0.30 a share previous year. Excluding items, adjusted earnings for the quarter were $0.36 a share. Revenues for the quarter were $164.7 million by compared by means of $152.2M in the previous year. Analysts polled by Thomson Reuters anticipated earnings of $0.36 a share on revenues of $164.2M for the quarter. Analysts’ anticipates typically exclude special items. Similar store sales for the quarter was increased 6.1 percent, and its drive-in margins improved by 100 basis points, Sonic said. For the full year 2015, Sonic now expects adjusted earnings per share growth of 27% to 29%, from prior guidance of 25% to 27% growth. Sonic Corp. (NASDAQ:SONC) stock has highest price of $34.23 in last session, beginning with a price of $33.90 and reported an increase of 2.58% to close at $34.22 with a day range of $33.04-$34.23.

Nokia Corporation (ADR) (NYSE:NOK) reported on Monday that its map service HERE has enlarged its real-time traffic service to 50 countries from 44. From coming month onwards, HERE users in Bahrain, Kuwait, Oman as well as Qatar will get live feed of traffic data. The service has also added Bulgaria and Romania in Europe.Nokia Corporation (ADR) (NYSE:NOK) stock hit highest price at $7.38, beginning with a price of $7.34 and reported an advance of 1.53% to close at $7.30 with a day range of $7.28-$7.38. The total market capitalization remained 26.45 Billion, total volume of 9.2 Million shares held in the session was surprisingly higher than its average volume of 26173.10 shares.

Anthem, Inc. (NYSE:ANTM) restated that its commitment to its non-binding June 20, 2015 offer to purchase Cigna Corp. (CI) for $184 a share in cash as well as stock. Anthem noted so as to it firmly thinks that this combination will generate approaching $2B in synergies inside two years post close and at least $17 adjusted EPS by 2018. Anthem reported it continues to anticipate net income for full year 2015 to be greater than $9.47 a share, comprising improved than $0.43 a share of net unfavorable items. Cigna as well reported that differences over the leadership of the combined company are disconcerting and risky. A main stumbling block has been over the future role that Cigna’s CEO David Cordani will have in the combined company. Anthem insisted that its CEO Joseph Swedish would lead the combined company for two years, and Cordani would be president and chief operating officer. After that, Cordani would be a candidate for CEO position, but that is not guaranteed. Shares of Anthem, Inc. (NYSE:ANTM) traded at $171.04 by moving up 3.62% with price volatility of 1.85% for a week and 1.87% for a month. Its beta stands at 0.59 times.

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