Midway through trading Friday, the Dow traded down 0.48
percent to 15,562.25 while the NASDAQ declined 0.14 percent to
3,783.93. The S&P also fell, dropping 0.41 percent to
Top Headline Darden Restaurants (NYSE:
) reported a
drop in its first-quarter profit
and announced the retirement of its president and chief operating
Darden's quarterly earnings fell to $70.2 million, or $0.53
per share, from $110.8 million, or $0.85 per share, in the
year-earlier period. However, analysts were projecting a profit
of $0.70 per share.
Its sales climbed to $2.16 billion, missing estimates of $2.19
Equities Trading UP Sarepta Therapeutics (NASDAQ:
) shot up 15.09 percent to $42.23 on failure of GlaxoSmithKline,
Prosensa duchenne muscular dystrophy treatment.
Shares of TIBCO Software (NASDAQ:
) got a boost, shooting up 3.41 percent to $26.11 after the
company reported better-than-expected third-quarter results.
) was also up, gaining 11.89 percent to $67.49 after the company
priced 4.6 million share
follow on offering of common stock at $60.00 per share.
Equities Trading DOWN Shares of AK Steel Holding (NYSE:
) were down 6.08 percent to $4.17 after the company projected a
wider loss for the third quarter.
Darden Restaurants (NYSE:
) shares tumbled 5.73 percent to $46.47 after the company
reported a drop in its first-quarter profit.
Navios Maritime Partners LP (NYSE:
) down, falling 6.03 percent to $14.03 after the company priced
its follow-on public offering of 5,000,000 common units.
Commodities In commodity news,
oil traded down 0.77 percent
to $105.57, while gold traded down 2.21 percent to $1,339.10.
Silver traded down 5.53 percent Friday to $22.01, while copper
fell 0.75 percent to $3.32.
Eurozone European shares
today. The Spanish Ibex Index gained 0.20 percent, while Italy's
FTSE MIB Index fell 0.49 percent. Meanwhile, the German DAX
dropped 0.21 percent and the French CAC 40 fell 0.06 percent
while U.K. shares declined 0.44 percent.
Economics On the economics calendar Friday, there is no
important data due out.
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