Mid-Afternoon Market Update: Nimble Storage Dips 50% On Weak Results; Aegean Marine Petroleum Shares Spike Higher

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Toward the end of trading Friday, the Dow traded up 0.44 percent to 17,810.29 while the NASDAQ climbed 0.52 percent to 5,099.82. The S&P also rose, gaining 0.31 percent to 2,087.61.
Leading and Lagging Sectors
In trading on Friday, cyclical consumer goods & services shares rose by 0.73 percent. Top gainers in the sector included
Abercrombie & Fitch Co.ANF
, up 26 percent, and
Hibbett Sports, Inc.HIBB
, up 15 percent. Energy shares slipped by 0.90 percent in Friday's trading. Meanwhile, top losers in the sector included
Legacy Reserves LPLGCY
, down 11 percent, and
SM Energy CoSM
, off 7 percent.
Top Headline Abercrombie & Fitch Co.ANF
reported better-than-expected earnings for the third quarter. The New Albany, Ohio-based company reported quarterly net income of $41.9 million, or $0.60 per share, versus $18.2 million, or $0.25 per share, in the year-ago period. Excluding certain items, the company's adjusted earnings rose to $0.48 per share from $0.42 per share. Its net sales dropped 4 percent to $878.6 million. However, analysts were expecting earnings of $0.22 per share on revenue of $864.65 million.
Equities Trading UP Aegean Marine Petroleum Network Inc.ANW
shares shot up 23 percent to $8.83 on upbeat quarterly earnings. Shares of
Abercrombie & Fitch Co.ANF
got a boost, shooting up 26 percent to $24.49 after the company reported better-than-expected earnings for the third quarter.
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Hibbett Sports, Inc.HIBB
shares were also up, gaining 15 percent to $32.92 after the company reported better-than-expected earnings for the third quarter.
Equities Trading DOWN Nimble Storage IncNMBL
shares tumbled 50 percent to $10.24 after the company reported weaker-than-expected Q3 results and issued a downbeat outlook. Shares of
Mentor Graphics CorpMENT
were down 34 percent to $18.27 after the company reported downbeat Q3 earnings and issued a weak outlook.
American Woodmark CorporationAMWD
was down, falling 9 percent to $65.98. Baird downgraded American Woodmark from Outperform to Neutral.
Commodities
In commodity news, oil traded down 2.84 percent to $39.39, while gold traded down 0.16 percent to $1,076.20. Silver traded down 0.90 percent Friday to $14.13, while copper fell 1.58 percent to $2.05.
Eurozone
European shares closed mixed today. The eurozone's STOXX 600 rose 0.22 percent, the Spanish Ibex Index fell 0.62 percent, while Italy's FTSE MIB Index declined 0.23 percent. Meanwhile, the German DAX climbed 0.31 percent, and the French CAC 40 slipped 0.08 percent, while U.K. shares rose 0.07 percent.
Economics
The Kansas City Fed composite manufacturing index gained to a reading of 1.00 in November, versus a prior reading of -1.00.
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Posted In: EarningsNewsGuidanceEurozoneCommoditiesM&AGlobalIntraday UpdateMarketsMoversEnergyMid-Afternoon Market UpdateOil & Gas Exploration & Production
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