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Alcoa Inc. Beats on Earnings; Groupon’s Hobson to Step Down

ACCESSWIRE

Alcoa Inc. (NYSE:AA - News) – For an in-depth report on Alcoa Inc. follow: www.BullTrends.com/stockquote/AA

Shares of AA slightly rose on Tuesday after the company reported a decline in first quarter adjusted profit on Tuesday as aluminum prices dropped. Earnings fell to $98 million or 9 cents a share, from $121 million, or 11 cents. Sales fell to $5.45 billion from $5.83 billion. Analysts had been expecting earnings of 5 cents a share on revenue of $5.55 billion, according to Thomson Reuters I/B/E/S.

Amazon.com Inc. (NASDAQ:AMZN - News) - For an in-depth report on Amazon.com Inc. follow: www.BullTrends.com/stockquote/AMZN

Shares of AMZN closed up 2.93% on about 6.6 million shares traded on Tuesday. The company has recently launched a hardware product named Amazon Dash, a six-inch device that’s integrated with a microphone, speaker and a bar-code reader. It also has a Bluetooth-enabled remote control. Amazon Dash can scan product barcodes through the bar-code reader and log orders on the AmazonFresh grocery delivery account.

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Groupon, Inc. (NASDAQ:GRPN - News) - For an in-depth report on Groupon, Inc. follow: www.BullTrends.com/stockquote/GRPN

Shares of GRPN closed down a little over 1% on Tuesday after the company revealed that board member Mellody Hobson has decided not to seek re-election and will end her tenure in May. Hobson decided to step down to focus on her family said Bill Roberts, a spokesman for Groupon.

Federal National Mortgage Association (OTCBB:FNMA - News) – For an in-depth report on Federal National Mortgage Association follow: www.BullTrends.com/stockquote/FNMA

Shares of FNMA closed up 3.57% on about 14.4 million shares traded. The stock was one of the most active stocks in the OTCBB market. Federal National Mortgage Association (Fannie Mae) provides liquidity and stability support services for the mortgage market in the United States. The company securitizes mortgage loans originated by lenders into Fannie Mae mortgage-backed securities (Fannie Mae MBS).

Disclosure: BullTrends.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Please read our report and visit our website, for complete risks and disclosures.