Loading...
Loading...
Following the market opening Friday, the Dow traded down 0.72 percent to 14,829.43 while the NASDAQ tumbled 0.66 percent to 3,634.78. The S&P also fell, dropping 0.55 percent to 1,645.92.
Top Headline
Smithfield Foods
SFD reported a
drop in its first-quarter profit.
Smithfield's quarterly profit dropped to $39.5 million, from $61.7 million, in the year-earlier period. Its earnings per share fell to $0.27 from $0.40.
Its revenue climbed to $3.4 billion from $3.1 billion. Analysts were expecting a profit of $0.47 per share.
Equities Trading UP
Quiksilver
ZQK shot up 18.27 percent to $6.15 after the company reported upbeat fiscal third-quarter earnings.
Shares of VeriFone Systems
PAY got a boost, shooting up 8.88 percent to $22.56 after the company reported
better-than-expected fiscal third-quarter results.
Finisar
FNSR was also up, gaining 7.55 percent to $24.57 after the company issued strong Q2 outlook.
Shares of Mattress Firm Holding
MFRMLoading...
Loading...
were down 14.66 percent to $35.58 after the company reported
downbeat second-quarter results and lowered its forecast.
MannKind
MNKD shares tumbled 4.92 percent to $5.99 after analysts at
Bank of America downgraded the stock from Neutral to Underperform.
Smith & Wesson Holding
SWHC was down, falling 6.01 percent to $10.79 after the company issued a downbeat Q2 forecast.
Commodities
In commodity news,
oil traded up 0.95 percent to $109.40, while gold traded up 0.77 percent to $1,383.60.
Silver traded up 2.26 percent Friday to $23.78, while copper rose 0.94 percent to $3.27.
Euro zone
European shares
were higher today. The Spanish Ibex Index gained 1.32 percent, while Italy's FTSE MIB Index rose 1.37 percent. Meanwhile, the German DAX gained 0.43 percent and the French CAC 40 climbed 0.70 percent while U.K. shares rose 0.35 percent.
Economics
The US economy added 169,000 jobs in August, while the country's unemployment rate declined to 7.3% from 7.4%. Economists were expecting a 173,000 gain in jobs in August.
Loading...
Loading...
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Posted In: EarningsNewsGuidanceEurozoneFuturesCommoditiesForexGlobalEcon #sEconomicsHotIntraday UpdateMarketsMoversTech
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in