Toward the end of trading Tuesday, the Dow traded down 0.81
percent to 15,879.09 while the NASDAQ tumbled 0.46 percent to
4,026.29. The S&P also fell, dropping 0.58 percent to
Top Headline Yesterday, Krispy Kreme Doughnuts (NYSE:
) reported a 34% rise in its Q3 profit. However, the company
issued downbeat forecast for fiscal 2015.
Krispy Kreme's quarterly profit surged to $6.8 million, or
$0.09 per share, from a year-earlier profit of around $5 million,
or $0.07 per share. Excluding special items, it earned $0.16 per
Its revenue climbed 7% to $114.2 million from $107.1 million.
However, analysts were expecting adjusted earnings of $0.15 per
share on revenue of $114.1 million.
Equities Trading UP OncoMed Pharmaceuticals (NASDAQ:
) shot up 94.64 percent to $27.25 on a deal to sell 1.47 million
shares to Celgene (NASDAQ:
) at $15.13 per share.
Shares of Tesla Motors (NASDAQ:
) got a boost, shooting up 15.50 percent to $143.42 after the
company announced that the German regulator has closed review of
Model S incidents. Morgan Stanley also named the stock a Top Pick
in the auto sector.
Abercrombie & Fitch (NYSE:
) was also up, gaining 5.22 percent to $35.80 after Engaged
Capital sent a letter to the company urging the board to start a
search for a new CEO or to seek a sale of the company. Later in
the day, the company's board said it was 'committed to creating
shareholder value' and that it welcomed input from
Equities Trading DOWN Shares of Krispy Kreme Doughnuts (NYSE:
) were down 19.84 percent to $19.68 after the company
issued downbeat forecast
for fiscal 2015.
GT Advanced Technologies (NASDAQ:
) shares tumbled 6.44 percent to $9.30 after the company
announced its plans to offer $125 million convertible senior
notes and 12 million shares of common stock.
AMR Corporation (OTC:
), the parent company of American Airlines, traded down 6.35
percent to $10.90 on Tuesday's session after the auto industry
posted strong sales growth numbers, possibly hinting at an
increased willingness from consumers to pursue travel via
automobile rather than air.
Commodities In commodity news,
oil traded up 2.32 percent
to $96.00, while gold traded down 0.03 percent to $1,221.50.
Silver traded down 0.18 percent Tuesday to $19.13, while
copper fell 0.52 percent to $3.17.
Eurozone European shares
today. The Spanish Ibex Index tumbled 1.44 percent, while Italy's
FTSE MIB Index declined 1.95 percent. Meanwhile, the German DAX
dropped 1.90 percent and the French CAC 40 declined 2.65 percent
while U.K. shares fell 0.95 percent.
Economics The ICSC-Goldman Sachs store sales index declined
2.8% in the week ended Saturday versus the earlier week.
The Johnson Redbook Retail Sales Index fell 0.2% in the first
four weeks of November versus October.
U.S. home prices climbed 0.2% in October, CoreLogic
The Treasury is set to auction 3-and 6-month bills.
(c) 2013 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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