Midway through trading Thursday, the Dow traded down 1.07
percent to 14,971.30 while the NASDAQ declined 1.33 percent to
3,764.44. The S&P also fell, dropping 1.19 percent to
Top Headline Constellation Brands (NYSE:
) reported a
fiscal second-quarter profit.
Constellation's quarterly profit surged to $1.522 billion, or
$7.74 per share, from $124.6 million, or $0.71 per share, in the
year-ago period. Its adjusted earnings came in at $0.96 per share
in the quarter.
Its net sales rose to $1.46 billion from $698.5 million.
However, analysts were projecting earnings of $0.88 per share on
sales of $1.53 billion. Constellation now projects FY14 adjusted
earnings of $2.80 to $3.10 per share.
Equities Trading UP CalAmp (NASDAQ:
) shot up 13.48 percent to $21.21 after the company reported
upbeat fiscal second-quarter results.
Shares of VIVUS (NASDAQ:
) got a boost, shooting up 10.41 percent to $11.25 after Cowen
& Company upgraded the stock from Market Perform to
ICG Group (NASDAQ:
) was also up, gaining 11.13 percent to $15.58 after the company
sale of Procurian
to Accenture plc (NYSE:
) for $375 million in cash.
Equities Trading DOWN Shares of Clean Energy Fuels (NASDAQ:
) were down 5.73 percent to $13.00. The company reported that it
will be the first company to
a transportation fuel made from waste.
) shares tumbled 3.38 percent to $40.36. HCP named Lauralee
Martin as its President and Chief Executive Officer.
) was down, falling 5.35 percent to $26.88 after Cormark
Securities downgraded the stock from Market Perform to
Commodities In commodity news,
oil traded down 0.69 percent
to $103.38, while gold traded down 0.38 percent to $1,315.70.
Silver traded down 1.08 percent Thursday to $21.66, while
copper fell 1.60 percent to $3.26.
Eurozone European shares
were mostly lower
today. The Spanish Ibex Index fell 0.61 percent, while Italy's
FTSE MIB Index dropped 0.44 percent. Meanwhile, the German DAX
declined 0.44 percent and the French CAC 40 fell 0.73 percent
while U.K. shares gained 0.06 percent.
Economics US initial claims rose by 1,000 to 308,000 in the
week ended September 28. However, economists were projecting
claims to increase to 313,000 last week.
The Bloomberg Consumer Confidence Index declined to -29.40 for
the week ended September 29, versus a prior reading of
The ISM non-manufacturing index dropped to 54.40 in September,
from a prior reading of 58.60. However, economists were expecting
a reading of 57.00.
Natural-gas supplies increased 101 billion cubic feet for the
week ended September 27, the US Energy Information Administration
reported. However, analysts were expecting an increase of 98
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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