Stocks to Watch: RIM, Facebook, Walgreen
NEW YORK -- Research In Motion (RIMM) reported Thursday a much narrower-than-anticipated loss in the fiscal second quarter as its subscriber base grew and its cash balance increased.
The BlackBerry maker posted an adjusted loss of $142 million, or 27 cents a share, for its fiscal second quarter ended in August on revenue of $2.87 billion. Analysts were expecting a loss of 46 cents a share in the quarter on revenue of $2.5 billion.
Facebook (FB) announced Thursday a new functionality to allow users to buy real gifts for their friends through the social networking site.
The company said Facebook Gifts will roll out gradually, first becoming available to U.S. users.
Nike (NKE) said Thursday net income in its fiscal first quarter fell 12% from a year earlier.
The sneaker maker also said futures orders rose 6% during the quarter, down from a 16% increase in the same quarter of 2011.
Groupon (GRPN) , the daily deals site, is reshuffling senior management roles in an attempt to fix its struggling European business -- a shake-up that will also include the departure of its chief of international business, according to a report from Reuters.
Walgreen(WAG) is expected by analysts Friday to post fiscal fourth-quarter earnings of 56 cents a share in the August-ended period on revenue of $17.14 billion.
-- Written by Joseph Woelfel
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