Toward the end of trading Friday, the Dow traded up 0.64
percent to 16,282.95 while the NASDAQ surged 1.31 percent to
4,111.77. The S&P also rose, gaining 0.76 percent to
Top Headline BlackBerry (NASDAQ:
swung to a loss
in the third quarter.
BlackBerry posted a quarterly loss of $4.4 billion, or $8.37
per share, versus a year-ago profit of $9 million, or $0.02 per
share. Its adjusted loss came in at $0.67 per share.
Its revenue dropped to $1.2 billion from $2.7 billion.
However, analysts were estimating a loss of $0.44 per share on
revenue of $1.59 billion. BlackBerry also entered into a
five-year strategic partnership with Foxconn to develop and
Equities Trading UP Red Hat (NYSE:
) shot up 14.58 percent to $56.25 as the company reported
better-than-expected third-quarter results.
Shares of Jazz Pharmaceuticals Public Limited Company (NASDAQ:
) got a boost, shooting up 7.77 percent to $123.65 after the
company announced its
plans to buy
Gentium SpA (NASDAQ:
) for around $1 billion.
) was also up, gaining 13.05 percent to $36.82 after news broke
that the company was nearing a $1.4 billion deal with
Equities Trading DOWN Shares of TIBCO Software (NASDAQ:
) were down 11.83 percent to $21.58 on Q4 results. Analysts at
UBS downgraded the stock from Buy to Neutral.
) shares tumbled 10.23 percent to $47.62 after the company
Swift Transportation (NYSE:
) was also down, falling 6.83 percent to $21.95 after the company
released some poor guidance after the close on Thursday.
Commodities In commodity news,
oil traded up 0.09 percent
to $99.13, while gold traded up 1.15 percent to $1,202.70.
Silver traded up 0.77 percent Friday to $19.41, while copper
rose 0.39 percent to $3.31.
Eurozone European shares
today. The Spanish Ibex Index gained 0.23 percent, while Italy's
FTSE MIB Index climbed 0.77 percent. Meanwhile, the German DAX
surged 0.74 percent and the French CAC 40 jumped 0.41 percent
while U.K. shares gained 0.39 percent.
Economics The U.S. economy expanded at an annual pace of 4.1%
in the third quarter, versus a prior reading of a 3.6% growth.
However, economists were expecting a growth of 3.6%.
The Kansas City Fed manufacturing index declined to -3.00 in
December, versus a prior reading of 7.00. However, economists
were expecting a reading of 6.00.
(c) 2013 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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