Toward the end of trading Thursday, the Dow traded down 0.44
percent to 15,820.24 while the NASDAQ declined 0.17 percent to
4,031.64. The S&P also fell, dropping 0.44 percent to
Top Headline Dollar General (NYSE:
) reported a
in its third-quarter profit.
Dollar General's quarterly profit surged to $237.4 million, or
$0.74 per share, versus a year-ago profit of $207.7 million, or
$0.62 per share. Its adjusted earnings surged to $0.72 per share
versus $0.63 per share.
Its revenue climbed to $4.4 billion from $4.0 billion.
However, analysts were projecting earnings of $0.70 per share on
revenue of $4.4 billion. For the full year, Dollar General lifted
the lower end of its earnings forecast to $3.18 to $3.22 per
share, versus its earlier forecast of $3.15 to $3.22 per
Equities Trading UP Conns (NASDAQ:
) shot up 21.21 percent to $70.68 after the company reported
upbeat Q3 results and raised its outlook.
Shares of Methode Electronics (NYSE:
) were also up, gaining a staggering 42.94 percent to $35.25
after the company crushed estimates on the bottom line while
beating strongly on the top line.
Mattress Firm Holding (NASDAQ:
) was also up, gaining 12.11 percent to $38.38 after the company
reported upbeat Q3 results and issued a strong FY14 earnings
Equities Trading DOWN Shares of Francesca's Holdings (NASDAQ:
) were down 4.90 percent to $17.21 after the company reported
issued a weak Q4 forecast.
) was also down, falling 7.56 percent to $8.93 after fund manager
Kyle Bass announced that he had liquidated his stake in the
Rite Aid (NYSE:
) shares were down as well, dropping 7.25 percent to $5.57 after
reporting a same store sales increase of 2.8 percent for the
month of November, disappointing the street.
Commodities In commodity news,
oil traded up 0.27 percent
to $97.46, while gold traded down 1.61 percent to $1,227.50.
Silver traded down 1.87 percent Thursday to $19.32, while
copper fell 0.82 percent to $3.22.
Eurozone European shares
today. The Spanish Ibex Index tumbled 1.51 percent, while Italy's
FTSE MIB Index declined 1.43 percent. Meanwhile, the German DAX
dropped 0.42 percent and the French CAC 40 declined 0.93 percent
while U.K. shares fell 0.06 percent.
Economics US jobless claims declined by 23,000 to 298,000 in
the week ended November 30, from a revised 321,000 in the earlier
week. However, economists were projecting claims to increase to
The U.S. economy expanded by an annual rate of 3.6% in the
third quarter, versus an initial reading of 2.8%.
U.S. factory orders declined 0.90% in October, versus
economists' expectations for a 1.00% drop.
The Bloomberg Consumer Comfort Index rose to minus 31.3 in the
week ended December 1, versus minus 33.7 in the previous
Supplies of natural gas fell 162 billion cubic feet for the
week ended November 29, the U.S. Energy Information
Administration reported. However, analysts were expecting a
decline of 139 billion cubic feet to 143 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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