Market Overview

Market Roundup (AMR, DAL, UAL, LCC, SHLD, BF.A, BF.B, GME)


US airline stocks rose along with the broader market. The ARCA Airline Index (XAL) gained about 2.50%. Some of the gainers in the list include American Airlines (NYSE: AMR), Delta Airlines (NYSE: DAL), United Continental Holdings (NYSE: UAL) and US Airways Group (NYSE: LCC).

Shares of Sears Holdings Corp (NASDAQ: SHLD) lost about 6% after the company reported wider-than-expected Q3 loss. The company posted its loss at $1.98 per share, compared with $1.09 per share, in the year-ago quarter. The company's revenue dropped 5% y/y to $9.68 billion. However, analysts were expecting a loss of $1.02 per share on $9.95 billion in revenue.

Brown-Forman Corp (NYSE: BF.A) (NYSE: BF.B) has raised its quarterly common stock dividend by 6.7%. The company has lifted its dividend from $0.30 per share to $0.32 per share. The dividend will be payable on December 27, to the shareholders of record as of December 7.

Shares of GameStop Corp (NYSE: GME) lost about 2.8% after the company reported its Q3 results. The company's profit came in at $0.36 per share, up from $0.31 per share, in the year-ago quarter. The company's sales increased 3.5% y/y to $1.9 billion. On an adjusted basis, GME reported its earnings at $0.38 per share. However, analysts were expecting profit at $0.37 per share on sales of $1.95 billion. GameStop lifted its full-year earnings forecast range to $2.63 to $2.69 per share, from $2.58 to $2.68 per share.

Read more from Benzinga's Markets.


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