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Morning Alert : QLogic Corp. (NASDAQ:QLGC), Rite Aid Corporation (NYSE:RAD), Live Nation Entertainment, Inc. (NYSE:LYV), Commercial Vehicle Group Inc. (NASDAQ:CVGI), AXX

Morning Alert : QLogic Corp. (NASDAQ:QLGC), Rite Aid Corporation (NYSE:RAD), Live Nation Entertainment, Inc. (NYSE:LYV), Commercial Vehicle Group Inc. (NASDAQ:CVGI), AXX
Written by
Charles Donlon
Published on
October 21, 2014
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QLogic Corp. (NASDAQ:QLGC) reported second-quarter fiscal 2015 earnings (including stock-based compensation but excluding one-time items) of 19 cents per share, which beat the Zacks Consensus Estimate by a penny. QLogic Corp. (NASDAQ:QLGC) in last trading activity moved up 2.80% to close at $11.01. Company weekly performance is 19.67% while its quarterly performance stands at 4.76%. QLogic Corp. (NASDAQ:QLGC) is -15.76% away from its 52 week high. To help senior customers as they get ready to select a prescription drug plan (PDP) or update their existing coverage during the upcoming annual Medicare Part D enrollment period, Rite Aid Corporation (NYSE:RAD) is once again offering free resources. On last trading day Rite Aid Corporation (NYSE:RAD) moved up 1.71% to close at $4.76. Its volatility for the week is 3.42% while volatility for the month is 4.30%. RAD's sales growth for past 5 years was -0.60% and its EPS growth for past 5 years was 15.60%. Rite Aid Corporation (NYSE:RAD) monthly performance is -11.03%. Live Nation Entertainment (NYSE:LYV) last announced its earnings results on Thursday, July 31st. The company reported $0.11 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.16 by $0.05. The company had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter in the prior year, the company posted $0.30 earnings per share. The company’s quarterly revenue was down .8% on a year-over-year basis. On last trading day Live Nation Entertainment, Inc. (NYSE:LYV) moved up 2.18% to close at $22.99. Its volatility for the week is 3.36% while volatility for the month is 2.91%. LYV's sales growth for past 5 years was 9.70% and its EPS growth for past 5 years was 45.10%. Live Nation Entertainment, Inc. (NYSE:LYV) monthly performance is -6.09%. Commercial Vehicle Group Inc. (NASDAQ:CVGI) made four changes to its management team last August, a few months after new CEO Rich Lavin came on board. A little more than a year later, two of those workers are gone. Commercial Vehicle Group Inc. (NASDAQ:CVGI) has 9.50% insider ownership while its institutional ownership stands at 76.60%. In last trading activity company's stock closed at $5.97. Alderon Iron Ore Corporation (NYSEMKT:AXX) gave an update on the construction of a new transmission line that will power its Kami iron ore project as well as other users in the area. Newfoundland and Labrador Hydro have cleared 20 kilometers to prepare for the installation of a third transmission line from Churchill Falls to Labrador West. On Monday shares of Alderon Iron Ore Corp. (NYSEMKT:AXX) closed at $0.59.

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