Yahoo Finance Dunkin' stock percolates; Tax inversion boosts Arris
Time for your daily dose of trending tickers, the stocks we're following based on your Yahoo Finance ticker searches.
Dunkin Brands
Shares of Dunkin Brands (DNKN) were percolating Thursday after the company beat earnings and raised guidance. The stock rose 7 percent. The surprising news is that winter weather didn't stop Americans from scooping up ice cream. Same-store sales at the company's Baskin-Robbins locations spiked 8 percent in the first 3 months of 2015. Dunkin also raised its full year forecast saying it expects revenue to rise 6 to 8 percent.
Ericsson
A major IT player went reeling. Shares of Ericsson (ERIC) fell more than 10 percent after the telecom equipment maker reported a surprise fall in profits. Ericsson cited two main factors for the weakness: Mobile networks spent less than expected on infrastructure in North America and fierce competition pressured margins.
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On a positive note, Ericsson did say data traffic in North America was rising rapidly and would require upgrades in the future.
Arris Group
Another company is looking to dodge the tax man. Shares of Arris (ARRS) surged a whopping 20 percent after management announced plans to buy rival Pace for $2.1 billion. Because Pace is based in Britain, ARRIS will be able to incorporate in the UK, and benefit from a lower tax rate. The practice, which is known as a tax inversion, has drawn political scrutiny in Washington. In September the U.S. Treasury took steps to make it less enticing.
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