NCR Corp. Falls Short on Street Expectations and FaceBook Sues DLA Piper and other Firms

Lowering full-year revenue outlook drags NCR Corp. (NYSE:NCR) shares to a new 52-week low on Monday. The stock dropped 21.19% on over 21 million shares traded.  

For an in-depth report on NCR Corp. follow: www.pennystocktitans.com/stockquote/NCR                                         

NCR Corp. reported preliminary 3Q earning earnings and revenue that fell below expectations. The ATM and self-service check out machine maker reported earnings adjusted to exclude one-time items of 67 cents per share for the quarter ended Sept. 30. This didn’t meet the 70 cents per share that financial analysts expected, on average, according to FactSet.

The company has also lowered its full-year revenue outlook remarking on a challenging retail market and difficult global economic conditions.

Shares closed at $23.54, the stock’s lowest since November 2012.

 

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A vengeful lawsuit suing several law firms gives Facebook, Inc. (NASDAQ:FB) a modest pop on Monday. The stock closed up 1.32% on over 34 million shares traded.

For an in-depth report on Facebook, Inc. follow: www.pennystocktitans.com/stockquote/FB                                         

Facebook’s Mark Zuckerberg is seeking revenge with a lawsuit filed on Monday against DLA Piper and other law firms and lawyers that conspired to file and prosecute a fraudulent lawsuit against the company. The several law firms represented Paul Ceglia, who contended that he owned half of the social network and was entitled to billions of dollars from the company and Zuckerberg.

DLA Piper is one of the world's largest business law firms.

In order to win the lawsuit, under New York law, Facebook must show that Ceglia’s lawsuit was without merit and that his lawyers possessed enough information to know that before filing suit.
 
 

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