Toward the end of trading Thursday, the Dow traded down 0.45
percent to 15,771.37 while the NASDAQ gained 0.15 percent to
4,009.74. The S&P also fell, dropping 0.13 percent to
Top Headline Lululemon Athletica (NASDAQ:
) reported a
rise in its third-quarter
profit and cut its forecast.
Lululemon's quarterly profit surged to $66.1 million, or $0.45
per share, from a year-ago profit of $57.3 million, or $0.39 per
share. Its net revenue gained 20% to $379.9 million. However,
analysts were estimating earnings of $0.41 per share on revenue
of $374.9 million. Its same-store sales increased 5% in the
Lululemon projects flat same-store sales for its fiscal fourth
quarter. It also expects Q4 earnings of $0.78 to $0.80 per share,
versus analysts' estimates of $0.84 per share. Lululemon also cut
its full-year earnings forecast to $1.94 to $1.96 per share on
revenue of of $1.605 billion to $1.610 billion.
Equities Trading UP UNS Energy (NYSE:
) shot up 27.75 percent to $58.56 after the company agreed to be
acquired by Fortis Utility Group for $60.25 per share in
Shares of Hilton Hotels (NYSE:
) were also up, gaining 9.25 percent to $21.86 after the company
posted a successful IPO, with over 60 million shares exchanging
hands toward the end of trading.
) was also up, gaining 5.10 percent to $51.90. Facebook will
join the S&P 500 Index
at the end of next week.
Equities Trading DOWN Shares of Lululemon Athletica (NASDAQ:
) were down 11.16 percent to $60.72 after the company issued a
) shares tumbled 7.53 percent to $19.30 after the company
priced secondary offering
of 10 million shares of common stock at $20 per share.
) was also down, falling 11.18 percent to $11.36 after it lowered
its fourth quarter and fiscal year guidance before the open
Commodities In commodity news,
oil traded up 0.04 percent
to $97.48, while gold traded down 2.41 percent to $1,226.20.
Silver traded down 3.78 percent Thursday to $19.53, while
copper rose 0.80 percent to $3.29.
Eurozone European shares
today. The Spanish Ibex Index tumbled 0.93 percent, while Italy's
FTSE MIB Index dropped 0.94 percent. Meanwhile, the German DAX
declined 0.66 percent and the French CAC 40 dropped 0.43 percent
while U.K. shares fell 0.96 percent.
Economics U.S. jobless claims increased 68,000 to 368,000 in
the week that ended December 7. However, economists were
expecting claims to reach 335,000 in the week.
U.S. retail sales rose 0.7% in November, versus economists'
expectations for a 0.6% gain.
U.S. import price index dropped 0.6% in November, versus
economists' expectations for a 0.7% decline.
The Bloomberg Consumer Comfort Index rose to minus 30.9 in the
week ended December 8, versus minus 31.3.
U.S. business inventories rose 0.70% in October, versus a
prior reading of a 0.60% gain. However, economists were expecting
a 0.30% rise.
Supplies of natural gas dropped 81 billion cubic feet for the
week ended December 6, the US Energy Information Administration
reported. However, analysts were expecting a fall of 79 billion
cubic feet to 83 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.