Toward the end of trading Tuesday, the Dow traded up 0.22
percent to 15,528.80 while the NASDAQ surged 0.76 percent to
3,746.25. The S&P also rose, gaining 0.40 percent to
Top Headline FactSet Research Systems (NYSE:
) reported a 5% rise in its
earnings. FactSet Research's quarterly profit surged to $51
million, or $1.16 per share, from $48.5 million, or $1.08 per
share, in the year-ago period. Excluding one-time items, its
adjusted earnings came in at $1.20 per share, versus analysts'
estimates of $1.21 per share. Its revenue rose 5.6% to $219.3
FactSet Research had expected earnings of $1.18 to $1.21 per
share on revenue of $218 million to $221 million. For the current
quarter, FactSet Research expects earnings of $1.21 to $1.24 per
share on revenue of $222 million to $225 million. However,
analysts were projecting a profit of $1.23 per share on revenue
of $224 million.
Equities Trading UP
Repros Therapeutics (NASDAQ:
) shot up almost 50 percent at the open, but sold off every
since, settling to a gain of 7.15 percent to $22.79. The news
sending it up early in trading were some topline results from
both the second pivotal efficacy study as well as the 6 month
safety study of Androxal®.
Shares of Kythera Biopharmaceuticals (NASDAQ:
) got a boost, shooting up 24.78 percent to $41.84 after the
positive ATX-101 top line
phase III trial results for the reduction of submental fat.
) was also up, gaining 17.77 percent to $10.15 after private
Sycamore Partners reported
that it had bought a 7.96% stake in the company.
Equities Trading DOWN Shares of Outerwall (NASDAQ:
) were down 11.61 percent to $49.44 after the company lowered its
forecast for the third quarter and full year.
Werner Enterprises (NASDAQ:
) shares tumbled 4.88 percent to $23.22 after the company issued
a weak third-quarter profit forecast. Bank of America downgraded
the stock from Buy to Neutral.
Berry Plastics (NYSE:
) was also down, falling 12.57 percent to $21.85 after the
company lower its guidance for the fourth quarter this
Commodities In commodity news,
oil traded down 1.08 percent
to $105.44, while gold traded down 0.58 percent to $1,310.20.
Silver traded down 0.30 percent Tuesday to $21.77, while copper
rose 0.17 percent to $3.22.
Eurozone European shares
were mostly lower
today. The Spanish Ibex Index dropped 0.08 percent, while Italy's
FTSE MIB Index rose 0.11 percent. Meanwhile, the German DAX
dropped 0.19 percent and the French CAC 40 fell 0.16 percent
while U.K. shares dipped 0.80 percent.
Economics The ICSC-Goldman Sachs store sales index dropped
1.6% in the week ended Saturday from the previous week.
U.S. consumer prices increased 0.1% in August, while the core
CPI also rose 0.1%. However, economists were expecting a 0.2%
rise in both prices.
The Johnson Redbook Retail Sales Index fell 0.3% in the first
two weeks of September versus August.
The NAHB housing market index remained at 58 in September.
However, economists were expecting a reading of 58 in the month.
August's reading was also revised to 58 versus an earlier
estimate of 59.
The Federal Open Market Committee begins its two-day policy
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