Midway through trading Tuesday, the Dow traded down 0.77
percent to 16,331.22 while the NASDAQ surged 0.12 percent to
4,202.52. The S&P also fell, dropping 0.19 percent to
Top Headline Verizon Communications (NYSE:
to a profit
in the fourth quarter.
Verizon posted a quarterly profit of $5.07 billion, or $1.76
per share, versus a year-ago loss of $4.23 billion, or $1.48 per
share. Its adjusted earnings climbed to $0.66 per share from
$0.38 per share.
Its revenue surged to $31.07 billion from $30.05 billion.
However, analysts were estimating earnings of $0.62 per share on
revenue of $31.04 billion.
Equities Trading UP Signature Bank (NASDAQ:
) shot up 13.17 percent to $124.60 as the company reported upbeat
Shares of Liquidity Services (NASDAQ:
) got a boost, shooting up 6.30 percent to $22.94 after the
received follow-on contract
from the US Defense Logistics Agency.
Ironwood Pharmaceuticals (NASDAQ:
) was also up, gaining 7.19 percent to $13.57 on
better-than-expected Q4 profit.
Equities Trading DOWN Shares of Expedia (NASDAQ:
) were down 4.19 percent to $67.72. Search Metrics reported that
Expedia may have lost 25% of their search visibility in
) shares tumbled 6.41 percent to $166.86 after the company
reported its business strategy and development plan for 2014.
) was down, falling 5.18 percent to $69.76 after JP Morgan
downgraded the stock from Overweight to Neutral.
Commodities In commodity news, oil traded up 0.60 percent to
$94.52, while gold traded up 0.06 percent to $1,240.90.
Silver traded down 0.84 percent Tuesday to $19.89, while
copper rose 0.24 percent to $3.35.
Eurozone European shares were mixed today. The Spanish Ibex
Index dropped 0.92 percent, while Italy's FTSE MIB Index climbed
0.11 percent. Meanwhile, the German DAX surged 0.15 percent and
the French CAC 40 jumped 0.02 percent while U.K. shares dropped
Economics On the economics calendar Tuesday, there is no
important data due out.
(c) 2014 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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