Thursday, the Dow traded up 0.01 percent to 15,326.99 while the
NASDAQ gained 0.03 percent to 3,726.21. The S&P fell,
dropping 0.06 percent to 1,688.19.
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 9.17 percent to $23.34 after the company appointed
ex-aQuantive head Brian McAndrews as its new chief executive.
Shares of Sterling Financial (NASDAQ:
) got a boost, shooting up 6.80 percent to $28.36 after Umpqua
) announced its plans to buy Sterling Financial in a $2 billion
The Kroger Co (NYSE:
) was also up, gaining 2.53 percent to $38.62 after the company
reported a 14%
rise in its fiscal second-quarter
Equities Trading DOWN Shares of The Men's Wearhouse (NYSE:
) were down 7.53 percent to $35.85 as the company reported a 28%
drop in its fiscal second-quarter earnings and lowered its
Lululemon Athletica (NASDAQ:
) shares tumbled 6.75 percent to $64.36 as the company reported a
drop in its second-quarter profit
and lowered its 2013 earnings forecast.
) down, falling 5.98 percent to $30.64 after the company
posted a loss
in the fiscal fourth quarter.
Commodities In commodity news,
oil traded up 0.39 percent
to $107.99, while gold traded down 2.46 percent to $1,330.20.
Silver traded down 4.13 percent Thursday to $22.22, while
copper fell 1.84 percent to $3.20.
Eurozone European shares today. The Spanish Ibex Index surged
0.42 percent, while Italy's FTSE MIB Index fell 0.12 percent.
Meanwhile, the German DAX gained 0.02 percent and the French CAC
40 dropped 0.26 percent while U.K. shares rose 0.07 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
The Treasury is set to auction 3-month, 6-month and 52-week
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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