Mid-Day Market Update: Campbell Soup Tumbles On Downbeat Earnings; Brocade Shares Spike Higher - Best Buy Co (NYSE:BBY)

Midway through trading Tuesday, the Dow traded up 0.17 percent to 16,003.46 while the NASDAQ surged 0.11 percent to 3,953.41. The S&P also rose, gaining 0.11 percent to 1,793.53.

Top Headline
Home Depot HD reported a 43% gain in its fiscal third-quarter profit and lifted its forecast for the year. 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 quarter.

Equities Trading UP

Qiwi plc

QIWI

shot up 5.02 percent to $44.15 on Q3 results.

Shares of Brocade Communications Systems BRCD got a boost, shooting up 8.40 percent to $8.77 after the company reported a better-than-expected Q4 profit.

Trina Solar

TSL

was also up, gaining 2.47 percent to $16.59 after the company posted a profit in the third quarter and lifted its full-year shipment outlook.

Equities Trading DOWN
Shares of Oiltanking Partners LP OILT were down 7.23 percent to $59.79 after the company priced an offering of 2.6 million common units.

Best Buy Co

BBY

shares tumbled 8.67 percent to $39.78 after the company

swung to a profit

in the fiscal third-quarter profit.

Campbell Soup Company CPB was down, falling 5.88 percent to $39.35 after reported a 30% drop in its fiscal first-quarter earnings and lowered its forecast for the year.

Commodities

In commodity news,

oil traded down 0.10 percent

to $92.94, while gold traded up 0.13 percent to $1,273.90.

Silver traded down 0.18 percent Tuesday to $20.32, while copper rose 0.21 percent to $3.17.

Euro zone

European shares

were lower

today. The Spanish Ibex Index fell 1.57 percent, while Italy's FTSE MIB Index tumbled 1.77 percent. Meanwhile, the German DAX fell 0.35 percent and the French CAC 40 dropped 1.12 percent while U.K. shares declined 0.38 percent.

Economics
US employment cost index rose 0.4% 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 ending Saturday versus previous week.

The Johnson Redbook Retail Sales Index declined 0.7% in the first two weeks of November versus October.

Market News and Data brought to you by Benzinga APIs