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2014 Oct 17, 4:43pm
TGIF As Markets Rally; S&P 500 Posts Longest Weekly Loss Streak Since 2011
U.S. stocks rallied on Friday following positive earnings reports from several large-cap multinationals this morning on a relatively light day of market moving news. The Dow traded higher by more than 300 points before giving back some of the gains. The S&P 500 rallied but still posted its...
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Advanced Micro Devices Analyst Roundup
2014 Oct 17, 4:24pmAdvanced Micro Devices, Inc. (NYSE: AMD) disappointed investors Thursday with its 3Q results and news that it will cut its workforce by 7 percent. Here is what analysts thought after the announcement. Pacific Crest - Sector Perform, No Price Target "Given the significant reset of...
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Capital One Financial Corp Misses Q3 Views On Flat Results
2014 Oct 16, 5:31pmCapital One Financial's (NYSE: COF) missed Wall Street's expectations Thursday, posting a minor decline in third-quarter income. The McLean, Virginia-based credit card and banking company posted earnings of $1.06 billion, or $1.86 a share, down from $1.09 billion, or $1.84 a share in the year-...
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AMD 3Q 2014 Misses Expectations; Will Cut 7% Of Workforce
2014 Oct 16, 5:24pmAdvanced Micro Devices, Inc. (NYSE: AMD) reported 3Q 2014 earnings below expectations Thursday. The company plans to cut 7 percent of its workforce. Net income was $17 million or $0.02 per share, the average analyst estimate was $0.04 per share with $0.04 for the same period in 2013....
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Urban Outfitters Plunges On Q4 Profit Warning
2014 Oct 16, 5:18pmUrban Outfitters (NASDAQ: URBN) shares fell sharply in the extended session Thursday after it warned that fourth-quarter profits may be hurt by lower-than expected sales. The Philadelphia-based apparel retailer said its third-quarter gross profit margin may narrow "at a rate greater than during the...
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2014 Oct 16, 5:07pm
Dow's Losing Streak Now Stands At 6 Days, S&P 500 And Nasdaq Slightly Positive
U.S. stocks were mixed on Thursday as the Dow Jones index traded lower by 206 points before recouping most of these losses. However, the index closed the day in negative territory for the sixth straight day, despite encouraging U.S. labor data being reported. Speaking to Bloomberg, St. Louis...
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Google Misses on Earnings and Revenues, Shares Lower
2014 Oct 16, 4:41pmGoogle (NASDAQ: GOOG) reported earnings of $6.35 per share, missing consensus expectations of $6.53 per share. Revenues came in light as well, with the company reporting $16.52 billion versus an expected $16.57 billion. Cost per Click, a widely followed metric showing what Google earns when someone...
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EBay Beats Q3 But Cuts Outlook, Shares Drop
2014 Oct 15, 5:37pmEBay Inc (NASDAQ: EBAY) beat third-quarter expectations, but offered a disappointing outlook that sent its shares ticking down slightly in the after-hours session Wednesday. Shares traded recently at $49.50, down 1.5 percent. The e-commerce company forecast fourth-quarter earnings of $0.88 to...
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American Express Beats Q3 EPS Estimates
2014 Oct 15, 5:18pmAmerican Express Company (NYSE: AXP) reported 3Q3 2014 results on Wednesday. Net income for the third quarter was $1.5 billion, up 8 percent from $1.4 billion a year ago. Diluted earnings per share was $1.40, above the average analyst expectation of $1.36, and up 12 percent from $1.25 a year...
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Netflix Reports Mixed Q3 Results & Ugly Q4 Guidance; Shares Plummet
2014 Oct 15, 5:03pmShares of Netflix, Inc. (NASDAQ: NFLX) plunged more than 25 percent in Wednesday's after-hours trading session after the company reported third quarter results and offered fourth quarter guidance. Netflix earned $0.96 per share, representing a $0.03 beat. Revenue of $1.41 billion represents a 27...
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Las Vegas Sands Reports Q3 Results In-Line With Expectations
2014 Oct 15, 4:59pmLas Vegas Sand Corp. (NYSE: LVS) reported Q3 2014 results in-line with expectations Wednesday. Chairman and CEO Sheldon G. Adelson commented that "the prudent management of our cash flow, including the ability to increase the return of capital to shareholders while maintaining a strong...
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2014 Oct 15, 4:57pm
Markets Rebound After Getting Crushed Intraday, Still Close Lower
U.S. stocks tumbled further on Wednesday and recovered significantly from intraday lows in a day of heavily volatility. The Dow traded lower by more than 450 points, dipping below 16,000 levels the index hasn't seen since February. The index recovered most of the losses but still closed the...
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Intel Corporation Q3 Beats Views By $0.01; Guides Slightly Above Views
2014 Oct 14, 4:52pmIntel Corp. (NASDAQ: INTC) ticked higher in Tuesday's extended session after the company posted third-quarter revenue growth of 8 percent and forecast fourth-period results ahead of expectations. Shares of the Santa Clara, California-based chip maker beat third-quarter views by a penny a share, and...
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2014 Oct 14, 4:47pm
Markets Unable To Hold On To Gains As Oil Continues To Plunge
U.S. markets ended the day mostly flat after giving up earlier gains. The Dow traded higher by 142 points before ending the day in negative territory. The S&P 500 and Nasdaq indices closed the day almost unchanged. The CBOE Volatility Index fell 7.5 percent to 23.79. Airline stocks traded...
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Cliffs Natural Resources Up Sharply: Shorts Closing Out?
2014 Oct 14, 4:18pmCliffs Natural Resources Inc (NYSE: CLF) extended its gains Tuesday and is up about 30 percent since last week, apparently the result of short sellers closing their positions. Short interest in the Cleveland-based iron and coal mining company amounted to 59.8 million of its 153.2 million shares...
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