-- Southern Cross Gold Consolidated (ASX:SX2) reported Monday that it broke even in the fiscal third quarter ended Feb. 28 after posting a loss of CA$0.02 in the same period a year earlier.
Analysts polled by FactSet expected the company to break even.
The company said it is currently in the exploration and pre-development stage and does not generate operating revenue.
Tech stocks were higher late Friday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 2.7% and the State Street SPDR S&P Semiconductor ETF (XSD) jumping 5.9%.The Philadelphia Semiconductor index climbed 4.1%.In corporate news, Alphabet's (GOOG, GOOGL) Google and Microsoft (MSFT) are set to take part in a bidding process to select operators for a US data center being developed by SoftBank, Nikkei Asia reported. The decision, potentially coming as early as this month, is linked to a 10-gigawatt data center planned in Piketon, Ohio, which is part of a broader investment expected to eventually reach $500 billion, the report said.
Sun Life Financial (SLF) shares rose 1.4% in Friday trading after National Bank upgraded the stock to outperform from sector perform and raised the price target to 109 Canadian dollars ($79.77) from CA$99.Intraday trading topped 339,000 shares versus the daily average of about 742,000.Price: $71.72, Change: $+0.98, Percent Change: +1.39%
Hormel Foods (HRL) said Friday it has completed the sale of its whole-bird turkey business to Life-Science Innovations.The food company said it will continue to own its JENNIE-O brand and value-added retail turkey products.Financial terms of the deal were not disclosed.Shares of Hormel Foods were down over 1% in afternoon trading.Price: $21.53, Change: $-0.24, Percent Change: -1.08%