Loading...
Loading...
Following the market opening Tuesday, the Dow traded down 0.71 percent to 15,130.08 while the NASDAQ dropped 0.84 percent to 3,444.64. The S&P also fell, declining 0.83 percent to 1,629.14.
Top Headline
Lululemon Athletica
LULU announced the resignation of its Chief Executive Christine Day. The company also posted upbeat quarterly results.
Lululemon's first-quarter earnings rose to $47.3 million, or $0.32 per share, from $46.6 million, or $0.32 per share, in the year-ago quarter.
Its revenue gained 21% to $345.8 million from 285.7 million. However, analysts were expecting earnings of $0.30 per share on revenue of $341.4 million.
Equities Trading UP
Dole Food Company
DOLE shot up 21.08 percent to $12.35 on CEO bid for remaining shares.
Shares of Catamaran
CTRX got a boost, shooting up 15.21 percent to $56.06 after Cigna
CI entered into a 10-year agreement with Catamaran.
Questcor Pharmaceuticals
QCOR was also up, gaining 32.39 percent to $48.60 after the company acquired rights to develop Synacthen®.
Equities Trading DOWNLoading...
Loading...
Lululemon Athletica
LULU was down, falling 15.01 percent to $69.93 after the company announced the resignation of its Chief Executive Christine Day.
Shares of Kinross Gold
KGC were down 3.80 percent to $6.08. Canaccord Genuity downgraded Kinross Gold from “buy” to “hold.”
Crosstex Energy LP
XTEX shares tumbled 5.41 percent to $19.95 after the company announced public offering of 6 million common units.
Commodities
In commodity news, oil traded down 1.39 percent to $94.45, while gold traded down 1.22 percent to $1,369.10.
Silver traded down 1.82 percent Tuesday to $21.53, while copper fell 1.54 percent to $3.19.
Euro zone
European shares were lower today. The Spanish Ibex Index fell 2.51 percent and the Italian FTSE MIB Index dropped 2.26 percent. Meanwhile, the German DAX dipped 1.41 percent and the French CAC 40 fell 1.82 percent while U.K. shares tumbled 1.54 percent.
Economics
The NFIB small-business optimism index surged 2.3 points to 94.4 in May.
The ICSC/Goldman Sachs Retail Chain Store Sales Index fell 2.7% in the latest week ended Saturday versus the prior week.
The Johnson Redbook Retail Sales Index increased 0.5% in the first two weeks of May versus April.
US wholesale inventories rose 0.20% to $504.8 billion in April, versus a revised 0.3% gain in March.
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: EarningsNewsGuidanceCommoditiesGlobalEcon #sEconomicsHotIntraday UpdateMarketsMoversTechApparel, Accessories & Luxury GoodsConsumer Discretionary
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