Following the market opening Thursday, the Dow traded down
0.38 percent to 15,784.19 while the NASDAQ gained 0.04 percent to
4,005.38. The S&P also fell, dropping 0.15 percent to
Top Headline Lululemon Athletica (NASDAQ:
) reported a
rise in its third-quarter
profit and cut its forecast. Lululemon's quarterly profit surged
to $66.1 million, or $0.45 per share, from a year-ago profit of
$57.3 million, or $0.39 per share.
Its net revenue gained 20% to $379.9 million. However,
analysts were estimating earnings of $0.41 per share on revenue
of $374.9 million. Its same-store sales increased 5% in the
quarter. Lululemon projects flat same-store sales for its fiscal
It also expects Q4 earnings of $0.78 to $0.80 per share,
versus analysts' estimates of $0.84 per share. Lululemon also cut
its full-year earnings forecast to $1.94 to $1.96 per share on
revenue of of $1.605 billion to $1.610 billion.
Equities Trading UP UNS Energy (NYSE:
) shot up 28.42 percent to $58.87 after the company agreed to be
acquired by Fortis Utility Group for $60.25 per share in
Shares of Prothena Corporation plc (NASDAQ:
) got a boost, shooting up 9.24 percent to $29.92 after the
company and Roche (OTC:
) entered into a
to develop and commercialize antibodies for the treatment of
) was also up, gaining 3.04 percent to $50.88. Facebook will
join the S&P 500 Index
at the end of next week.
Equities Trading DOWN Shares of Lululemon Athletica (NASDAQ:
) were down 8.35 percent to $62.64 after the company issued a
) shares tumbled 8.25 percent to $19.12 after the company
priced secondary offering
of 10 million shares of common stock at $20 per share.
) was down, falling 3.76 percent to $22.04 after the company
reported a weak
Commodities In commodity news, to $97.95, while gold traded
down 2.11 percent to $1,230.70. Silver traded down 3.62 percent
Thursday to $19.62, while copper rose 0.21 percent to $3.30.
European shares today. The Spanish Ibex Index tumbled 1.03
percent, while Italy's FTSE MIB Index dropped 0.90 percent.
Meanwhile, the German DAX declined 0.64 percent and the French
CAC 40 dropped 0.37 percent while U.K. shares fell 0.72
US jobless claims increased 68,000 to 368,000 in the week that
ended December 7. However, economists were expecting claims to
reach 335,000 in the week. US retail sales rose 0.7% in November,
versus economists' expectations for a 0.6% gain.
US import price index dropped 0.6% in November, versus
economists' expectations for a 0.7% decline.
The Bloomberg Consumer Comfort Index rose to minus 30.9 in the
week ended December 8, versus minus 31.3. US business inventories
rose 0.70% in October, versus a prior reading of a 0.60% gain.
However, economists were expecting a 0.30% rise.
The Treasury is set to auction 3-and 6-month bills. The
Treasury will also auction 2-year, 5-year and 7-year notes. 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.
Free Trading Education -
Check out the free events taking place on Marketfy
this week. Spaces are limited. Sign up today.