Toward the end of trading Thursday, the Dow traded up 0.64
percent to 16,003.84 while the NASDAQ surged 1.15 percent to
3,966.29. The S&P also rose, gaining 0.77 percent to
Top Headline Dollar Tree (NASDAQ:
reported a drop
in its third-quarter profit.
Dollar Tree's quarterly profit declined to $125.4 million, or
$0.58 per share, from a year-ago profit of $155.4 million, or
$0.68 per share. Its net sales climbed to $1.88 billion from
$1.72 billion. However, analysts were estimating earnings of
$0.60 per share on sales of $1.91 billion.
Dollar Tree's same-store sales increased 3.1% in the quarter.
Dollar Tree projects full-year earnings of $2.72 to $2.78 per
share on sales of $7.86 billion to $7.92 billion. For the fourth
quarter, it expects earnings of $1.01 to $1.07 per share.
Equities Trading UP Green Mountain Coffee Roasters (NASDAQ:
) shot up 13.76 percent to $70.34 after the company reported
upbeat fiscal fourth-quarter
results. However, the company issued weak forecast for the
current quarter. Janney Capital upgraded the stock from Neutral
Shares of Sprint (NYSE:
) were also on the rise Thursday, gaining 11.02 percent to $8.16
despite being ranked last place in a list of major carriers by
consumer reports as institutional buyers piled into the name.
) was also up, gaining 7.69 percent to $59.80 after the company
in its third-quarter profit and raised its view for the year.
Equities Trading DOWN Shares of Liquidity Services (NASDAQ:
) were down 18.27 percent to $21.25 after the company reported
downbeat Q4 earnings and issued weak outlook.
) shares tumbled 17.10 percent to $7.37 after the company
reported a FQ2 GAAP net loss of $14.2 million. The company also
reported that Stephen Collins will step down as CEO.
) was down, falling 6.80 percent to $48.88 after the company
issued downbeat Q4 profit forecast.
Commodities In commodity news,
oil traded up 1.47 percent
to $95.23, while gold traded down 1.27 percent to $1,242.00.
Silver traded up 0.50 percent Thursday to $19.97, while copper
rose 0.90 percent to $3.19.
Eurozone European shares
today. The Spanish Ibex Index rose 0.42 percent, while Italy's
FTSE MIB Index gained 0.49 percent. Meanwhile, the German DAX
fell 0.02 percent and the French CAC 40 dropped 0.27 percent
while U.K. shares gained 0.03 percent.
Economics US jobless claims declined by 21,000 to 323,000 in
the week ending November 16. However, economists were projecting
claims to drop to 334,000.
US wholesale prices dropped 0.2% in October, versus
economists' expectations for a 0.2% fall. However, core wholesale
prices climbed 0.2%, versus economists' expectations for a 0.1%
The preliminary reading of the Markit's flash manufacturing
PMI climbed to 54.3 in November, versus a final reading of 51.8
in October. However, economists were expecting a reading of
The Bloomberg Consumer Comfort Index declined to -34.60 in the
week ending November 17, versus a prior reading of -33.90.
The Philadelphia Fed's manufacturing index declined to 6.5 in
November, versus 19.8 in October. However, economists were
estimating a reading of 15.
Supplies of natural gas declined 45 billion cubic feet for the
week ending November 15, the US Energy Information Administration
reported. However, analysts were projecting a fall of 36 billion
cubic feet to 40 billion cubic feet.
Data on money supply will be released at 4:30 p.m. ET.
(c) 2013 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
Free Trading Education -
Check out the free events taking place on Marketfy
this week. Spaces are limited. Sign up today.