Toward the end of trading Thursday, the Dow traded down 0.32
percent to 15,305.87 while the NASDAQ declined 0.20 percent to
3,717.60. The S&P also fell, dropping 0.31 percent to
Top Headline Lululemon Athletica (NASDAQ:
) reported a drop in its second-quarter profit and lowered its
2013 view. Lululemon's quarterly profit declined to $56.5
million, from $57.2 million, in the year-earlier period. Its
per-share earnings came in unchanged at $0.39. Its net revenue
surged to $344.5 million from $282.6 million, while same-store
sales increased 8%. However, analysts were estimating earnings of
$0.35 per share on revenue of $344 million. Lululemon lowered its
2013 earnings outlook to a range of $1.94 to $1.97 per share.
Equities Trading UP Pandora Media (NYSE:
) shot up 10.41 percent to $23.63 after the company appointed
ex-aQuantive head Brian McAndrews as its new chief executive.
Shares of Sterling Financial (NASDAQ:
) got a boost, shooting up 7.65 percent to $28.58 after Umpqua
) announced its plans to buy Sterling Financial in a $2 billion
deal. The Kroger Co (NYSE:
) was also up, gaining 2.57 percent to $38.65 after the company
reported a 14%
rise in its fiscal second-quarter
earnings. Equities Trading DOWN Shares of The Men's Wearhouse
) were down 12.11 percent to $34.08 as the company reported a 28%
drop in its fiscal second-quarter earnings and lowered its
full-year forecast. The ExOne (NASDAQ:
) was also down, falling 10.64 percent to $55.97 after the
company priced its 2.656 million share public offering at $62 per
share. Brady (NYSE:
) down, falling 6.60 percent to $30.44 after the company
posted a loss
in the fiscal fourth quarter. Commodities In commodity news,
oil traded down 0.07 percent
to $107.31, while gold traded down 0.29 percent to $1,360.00.
Silver traded down 5.08 percent Thursday to $22.00, while copper
fell 1.44 percent to $3.21.
Eurozone European shares
today. The Spanish Ibex Index surged 0.55 percent, while Italy's
FTSE MIB Index fell 0.23 percent. Meanwhile, the German DAX
dropped 0.02 percent and the French CAC 40 dropped 0.30 percent
while U.K. shares rose 0.01 percent.
Economics US jobless claims fell by 31,000 to 292,000 in the
week ended September 7. However, economists were projecting
claims to increase to 330,000. Import prices came in unchanged in
August. However, economists were expecting a 0.4% rise. US export
prices fell by 0.5% in August. Natural-gas supplies rose 65
billion cubic feet for the week ended September 6, the US Energy
Information Administration reported. However, analysts were
expecting a gain of 64 billion cubic feet to 68 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.
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