Following the market opening Tuesday, the Dow traded up 0.64
percent to 16,530.10 while the NASDAQ surged 0.63 percent to
4,139.47. The S&P also rose, gaining 0.51 percent to
Top Headline IHS (NYSE:
) reported an
IHS projects FY14 subscription revenue to rise 6% to 7%. The
company projects total revenue of $2.17 to $2.23 billion and an
adjusted profit of $5.50 to $5.85 per share. However, analysts
projected a profit of $5.58 per share on revenue of $2.2
IHS posted its quarterly net income at $40.8 million, or $0.60
per share, versus a year-ago profit of $46.4 million, or $0.69
per share. Excluding items, it earned $1.46 per share, versus
analysts' estimates of $1.27 per share.
Its revenue climbed 35% to $559.7 million, while subscription
revenue jumped 38%. However, analysts were projecting revenue of
Equities Trading UP Shares of Neurocrine Biosciences (NASDAQ:
) got a boost, shooting up 57.43 percent to $15.37 after the
reported positive results
of VMAT2 inhibitor NBI-98854 in Kinect 2 study.
) shot up 54.63 percent to $31.70 after the company reported two
major milestone achievements. It announced the achievement of a
proof of concept milestone in the EPZ-5676 DOT1L inhibitor
) was also up, gaining 12.44 percent to $23.46 after the company
plans to acquire
Stream Global Services for $820 million in cash. Convergys also
reaffirmed its outlook for 2013.
Equities Trading DOWN Shares of Key Energy Services (NYSE:
) were down 6.51 percent to $7.32 after the company issued Q4
PBF Energy (NYSE:
) tumbled 5.85 percent to $28.16 after the company
priced secondary offering
of 15 million shares at $28 per share. Gulfport Energy (NASDAQ:
) was down, falling 6 percent to $55.66 after the company
reported 2013 exit rate of 27,780 barrels of oil equivalent per
day. RBC Capital downgraded Gulfport Energy from Outperform to
Sector Perform and cut the price target from $64.00 to
Commodities In commodity news, oil traded down 0.04 percent to
$93.39, while gold traded down 0.69 percent to $1,229.40. Silver
traded down 1.88 percent Tuesday to $19.73, while copper fell
0.43 percent to $3.35.
Eurozone European shares were higher today. The Spanish Ibex
Index rose 2.07 percent, while Italy's FTSE MIB Index surged 0.92
percent. Meanwhile, the German DAX climbed 0.55 percent and the
French CAC 40 rose 0.35 percent while U.K. shares climbed 0.37
percent. Economics The ICSC-Goldman Sachs store sales index
dropped 5.4% in the week ended Saturday versus the earlier week.
The Johnson Redbook Retail Sales Index fell 0.6% in December
versus November. US trade deficit declined around 13% to $34.3
billion in November, versus a revised $39.3 billion in the
earlier month. However, economists were expecting a deficit of
$40.0 billion. The Treasury is set to auction 4-and 52-week
bills. The Treasury will also auction 3-year notes.
(c) 2014 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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