Toward the end of trading Tuesday, the Dow traded up 0.01
percent to 15,639.85 while the NASDAQ rose 0.22 percent to
3,945.56. The S&P also fell, dropping 0.10 percent to
Top Headline CVS Caremark (NYSE:
) reported a
25 percent rise
in its third-quarter earnings and lifted its earnings forecast
for the year.
CVS Caremark now expects full-year earnings of $3.94 to $3.97
per share, versus its earlier forecast of $3.90 to $3.96 per
CVS Caremark's quarterly profit surged to $1.25 billion, or
$1.02 per share, versus a year-ago profit of $1.01 billion, or
$0.79 per share. Excluding one-time items, its adjusted earnings
came in at $1.05 per share. The company had earlier expected
earnings of $1 to $1.03 per share. Its revenue rose 5.8 percent
to $32 billion, versus analysts' estimates of $31.53 billion.
Equities Trading UP Endo Health Solutions (NASDAQ:
) shot up 29.63 percent to $55.58 after the company announced its
plans to acquire Paladin Labs for $1.6 billion in stock and
Shares of GT Advanced Technologies (NASDAQ:
) got a boost, shooting up 20.29 percent to $10.07 following
Monday's announcement of deal with Apple for sapphire
Marvell Technology (NASDAQ:
) was also up, gaining 9.74 percent to $13.18 after KKR (NYSE:
) announced it had acquired a stake in the company.
Equities Trading DOWN Shares of Orbitz Worldwide (NYSE:
) fell 19.00 percent Tuesday to $7.76 after the company reported
an earnings miss and lowered its third quarter revenue guidance
before the open, crushing its momentum from last week.
) shares tumbled 19.76 percent to $13.28 after the company
announced the discontinuation
of IMGN901 study in small-cell lung cancer.
Polypore International (NYSE:
) was down, falling 14.80 percent to $37.40
Commodities In commodity news,
oil traded down 1.38 percent
to $93.31, while gold traded down 0.31 percent to $1,310.50.
Silver traded up 0.16 percent Tuesday to $21.69, while copper
rose 0.29 percent to $3.26.
Eurozone European shares
today. The Spanish Ibex Index fell 0.72 percent, while Italy's
FTSE MIB Index dropped 1.13 percent. Meanwhile, the German DAX
declined 0.38 percent and the French CAC 40 tumbled 0.82 percent
while U.K. shares fell 0.37 percent.
Economics The ISM non-manufacturing index rose to 55.40 in
October, from a prior reading of 54.40. However, economists were
expecting a reading of 54.00.
The Johnson Redbook Retail Sales Index dropped 1.2 percent in
the first four weeks of October versus September.
The ICSC-Goldman Sachs store sales index declined 0.6 percent
in the week ending Saturday versus the earlier week.
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advice. All rights reserved.
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