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Stunning results from Taser, Yelp shares tumble after miss

Lee Brodie

Time for your daily dose of trending tickers, the stocks you're following based on your Yahoo Finance ticker searches.

Nokia

Investors hung up on Nokia (NOK) Thursday. Shares tumbled almost 10% despite strong overall sales. Weakness in Nokia’s network business was the proverbial fly in the ointment; revenue rose yet profit fell. The Finnish technology giant cited increased competition, especially from China, as a major factor behind the disappointment. Earlier this month, Nokia announced plans to acquire French networks company, Alcatel-Lucent.

Taser

You might say results from Taser (TASR) were stunning. Shares spiked more than 6% after the company said earnings more than doubled to $7.2 million and orders totaled almost $23 million versus $5.9 million a year-ago. Taser devices are used by over 700,00 officials in the U.S. alone.

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Yelp

Yelp (YELP) dropped 20% after missing earnings estimates, and for giving a weak sales outlook. The consumer review site also said monthly unique visitors slowed in the first quarter. Adding to the downward pressure, the stock was downgraded this morning by RBC Capital with its price target slashed to $52 from $80 a share.

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