Following the market opening Tuesday, the Dow traded up 0.17
percent to 16,002.41 while the NASDAQ surged 0.18 percent to
3,956.33. The S&P also rose, gaining 0.06 percent to
Top Headline Home Depot (NYSE:
) reported a
in its fiscal third-quarter profit and lifted its forecast for
Home Depot now expects full-year earnings of $3.72 per share
on sales growth of 5.6%. The company had earlier expected
earnings of $3.60 per share on sales growth of 4.5%.
Home Depot's quarterly profit surged to $1.35 billion, or
$0.95 per share, from a year-ago profit of $947 million, or $0.63
per share. Its sales increased 7.4% to $19.47 billion. However,
analysts were expecting earnings of $0.90 per share on revenue of
$19.18 billion. Home Depot's same-store sales climbed 7.4% in the
Equities Trading UP Qiwi plc (NASDAQ:
) shot up 11.94 percent to $47.06 on Q3 results.
Shares of Brocade Communications Systems (NASDAQ:
) got a boost, shooting up 5 percent to $8.50 after the company
reported a better-than-expected Q4 profit.
Trina Solar (NYSE:
) was also up, gaining 3.26 percent to $16.72 after the company
posted a profit in the third quarter and lifted its full-year
Equities Trading DOWN Shares of Oiltanking Partners LP (NYSE:
) were down 6.19 percent to $60.46 after the company
priced an offering
of 2.6 million common units.
Best Buy Co (NYSE:
) shares tumbled 8.40 percent to $39.90 after the company
swung to a profit
in the fiscal third-quarter profit.
Campbell Soup Company (NYSE:
) was down, falling 6.15 percent to $39.24 after reported a
in its fiscal first-quarter earnings and lowered its forecast for
Commodities In commodity news,
oil traded down 0.10 percent
to $92.94, while gold traded up 0.08 percent to $1,273.30.
Silver traded down 0.03 percent Tuesday to $20.35, while
copper rose 0.44 percent to $3.17.
Eurozone European shares today. The Spanish Ibex Index fell
1.07 percent, while Italy's FTSE MIB Index tumbled 1 percent.
Meanwhile, the German DAX fell 0.23 percent and the French CAC 40
dropped 1.02 percent while U.K. shares declined 0.44 percent.
Economics US employment cost index rose0.4% in the third
quarter, versus a 0.5% growth in the second quarter. However,
economists were expecting a 0.5% growth.
The ICSC-Goldman Sachs store sales index rose 0.1% in the week
ended Saturday versus previous week.
The Treasury is set to auction 4-week bills.
(c) 2013 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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