Top Headline
FactSet Research Systems FDS reported a 4.8% rise in its fiscal first-quarter profit and issued a weak earnings guidance for the current quarter.
FactSet Research's quarterly profit surged to $52.2 million, or $1.19 per share, from $49.8 million, or $1.11 per share, in the year-ago period. Excluding one-time items, its adjusted earnings came in at $1.22 per share. Its revenue climbed 5.6% to $223 million. The company had earlier expected earnings of $1.21 to $1.24 per share on revenue of $222 million to $225 million.
Equities Trading UPShares of Frontier Communications FTR got a boost, shooting up 9.55 percent to $4.82 after AT&T T announced its plans to sell its Wireline Residential and Business Services and associated assets in Connecticut to Frontier for $2 billion in cash.
Equities Trading DOWN
Shares of FactSet Research Systems FDS were down 4.83 percent to $111.41 after the company issued a weak earnings guidance for the current quarter.
Kohlberg Kravis Roberts & Co LP KKR was down, falling 5.10 percent to $23.80 after the company announced its plans to acquire KKR Financial Holdings in an all-stock deal.
Commodities
In commodity news, oil traded up 0.21 percent to $97.68, while gold traded down 0.88 percent to $1,233.50.
Silver traded down 1.50 percent Tuesday to $19.80, while copper fell 0.06 percent to $3.33.
EurozoneEconomics
U.S. consumer prices came in flat in November, while the core CPI rose 0.2%. However, economists were projecting both the main CPI and core CPI to gain by 0.1%.
The ICSC-Goldman Sachs store sales index rose 4.8% in the week ended Saturday versus the earlier week.
The NAHB housing market index rose to 58.00 in December, versus a prior reading of 54.00. However, economists were expecting a reading of 55.00.
The Treasury is set to auction 4-week bills and 2-year notes.
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