6 Super Hot Stocks: NY Times Rips 4% Higher, Southwest Pops 1.3%
Shares of The New York Times Co. (NYSE:NYT) are attracting attention early Thursday as the company reports third-quarter earnings. The media company reported earnings of $15.7 million (10 cents per share), compared to a loss of $4.3 million (3 cents per share) last year. Shares are 4% higher at the open.
Union Pacific Corp (NYSE:UNP) reported a 16% increase in third-quarter earnings early this morning. The company reported earnings of $904 million ($1.85 per share), an increase from last year’s $778 million ($1.56 per share). Shares are up more than 3% at the open. CSX Corporation (NYSE:CSX) is also trading higher.
Southwest Airlines (NYSE:LUV) is popping 1.3% in early trading, despite reporting a third-quarter loss. Rising traffic helped earnings in the face of rising fuel costs. Southwest reported a loss of $140 million (18 cents per share), compared to a $205 million profit (27 cents per share) last year. AMR Corporation (NYSE:AMR) is trading slightly lower on the news.
AT&T (NYSE:T) is falling more than 1% in early trading after reporting a 71% decline in third-quarter earnings. Last year’s earnings release included a large tax gain. The telecom giant lost exclusivity to Apple’s (NASDAQ:AAPL) popular iPhone earlier this year. Sprint (NYSE:S) and Verizon (NYSE:VZ) both offer the iPhone.
Microsoft (NASDAQ:MSFT) and Yahoo! (NASDAQ:YHOO) are both trading higher after reports are coming out that Microsoft is trying to buy Yahoo, again. Under the deal, Microsoft would kick in the most money, while private-equity firm Silver Lake Partners and the Canada Pension Plan Investment Board would pitch in too.