Midway through trading Thursday, the Dow traded down 0.19
percent to 15,296.87 while the NASDAQ declined 0.17 percent to
3,718.60. The S&P also fell, dropping 0.30 percent to
Top Headline Lululemon Athletica (NASDAQ:
) reported a drop in its second-quarter profit and lowered its
Lululemon's quarterly profit declined to $56.5 million, from
$57.2 million, in the year-earlier period. Its per-share earnings
came in unchanged at $0.39.
Its net revenue surged to $344.5 million from $282.6 million,
while same-store sales increased 8%. However, analysts were
estimating earnings of $0.35 per share on revenue of $344
Lululemon lowered its 2013 earnings outlook to a range of
$1.94 to $1.97 per share.
Equities Trading UP Pandora Media (NYSE:
) shot up 13.61 percent to $24.29 after the company appointed
ex-aQuantive head Brian McAndrews as its new chief executive.
Shares of Sterling Financial (NASDAQ:
) got a boost, shooting up 9.15 percent to $28.98 after Umpqua
) announced its plans to buy Sterling Financial in a $2 billion
The Kroger Co (NYSE:
) was also up, gaining 3.01 percent to $38.80 after the company
reported a 14%
rise in its fiscal second-quarter
Equities Trading DOWN Shares of The Men's Wearhouse (NYSE:
) were down 11.89 percent to $34.16 as the company reported a 28%
drop in its fiscal second-quarter earnings and lowered its
Lululemon Athletica (NASDAQ:
) shares tumbled 6.29 percent to $64.68 as the company reported a
drop in its second-quarter profit
and lowered its 2013 earnings forecast.
) down, falling 6.11 percent to $30.60 after the company
posted a loss
in the fiscal fourth quarter.
Commodities In commodity news,
oil traded up 1.27 percent
to $108.93, while gold traded down 2.41 percent to $1,331.00.
Silver traded down 3.98 percent Thursday to $22.25, while
copper fell 1.38 percent to $3.21.
Eurozone European shares
today. The Spanish Ibex Index surged 0.55 percent, while Italy's
FTSE MIB Index fell 0.23 percent. Meanwhile, the German DAX
dropped 0.02 percent and the French CAC 40 dropped 0.30 percent
while U.K. shares rose 0.01 percent.
Economics US jobless claims fell by 31,000 to 292,000 in the
week ended September 7. However, economists were projecting
claims to increase to 330,000.
Import prices came in unchanged in August. However, economists
were expecting a 0.4% rise. US export prices fell by 0.5% in
Natural-gas supplies rose 65 billion cubic feet for the week
ended September 6, the US Energy Information Administration
reported. However, analysts were expecting a gain of 64 billion
cubic feet to 68 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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