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Kohl's KSS reported an 18 percent drop in its third-quarter profit.
Its revenue dropped to $4.44 billion from $4.49 billion. However, analysts were estimating earnings of $0.86 per share on revenue of $4.55 billion. Kohl's also lowered its full-year profit forecast to a range of $4.08 to $4.23 per share, versus its earlier forecast of $4.15 to $4.35 per share. It projects Q4 earnings of $1.59 to $1.74 per share.
Equities Trading UPShares of E-Commerce China Dangdang DANG got a boost, shooting up 3.45 percent to $9.32 after the company reported upbeat Q3 earnings.
Equities Trading DOWN
Shares of Cisco Systems CSCO were down 12 percent to $21.12 after the company posted weaker-than-expected fiscal first-quarter revenue and issued a weak outlook. Cisco also increased its share buyback program by $15 billion. Deutsche Bank downgraded the stock from Buy to Hold.
NetEase NTES was down, falling 4.18 percent to $66.51 after the company posted its Q3 unaudited financial results. Deutsche Bank downgraded the stock from Buy to Hold.
CommoditiesSilver traded up 1.46 percent Thursday to $20.74, while copper fell 0.30 percent to $3.16.
EurozoneEconomics
US jobless claims fell by 2,000 to 339,000 in the week ending November 9. However, economists were projecting claims to drop to 335,000.
The US trade deficit increased to $41.8 billion in September, versus a revised $38.7 billion in the prior month. However, economists were expecting the deficit to rise to $39.7 billion. The country's exports fell 0.2 percent to $188.9 billion, while imports climbed 1.2 percent to $230.7 billion.
Supplies of natural gas climbed 20 billion cubic feet for the week ending November 8, the US Energy Information Administration reported. However, analysts were estimating a rise of 20 billion cubic feet to 24 billion cubic feet.
Data on money supply will be released at 4:30 p.m. ET.
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