Top Headline
Rite Aid RAD reported a 16% rise in its fiscal third-quarter earnings.
Rite Aid's quarterly profit surged to $71.5 million, from $61.9 million, in the year-ago period. On a per-share basis, its earnings fell to $0.04 per share from $0.07. Its revenue rose 1.9% to $6.36 billion. However, analysts were estimating earnings of $0.04 per share on revenue of $6.32 billion.
Equities Trading UPShares of SolarCity SCTY were on the rise as well, gaining 7.08 percent to $56.54 despite little news on the company.
Equities Trading DOWN
Shares of Semtech SMTC were down 11.763 percent to $24.77 on lowered forecast. Raymond James downgraded the stock from Strong Buy to Outperform.
Darden Restaurants DRI was down, falling 4.80 percent to $50.38 after the company reported a drop in its second-quarter profit. For the FY14, Darden projects earnings to fall 15% to 20% versus the earlier year.
CommoditiesSilver traded down 2.38 percent Thursday to $19.26, while copper fell 0.75 percent to $3.29.
EurozoneEconomics
U.S. initial claims rose by 10,000 to 379,000 in the week ended December 14. However, economists were expecting jobless claims to decline to 336,000 in the week.
The Philadelphia Fed manufacturing index rose to 7.00 in December, versus a prior reading of 6.50. However, economists were expecting a reading of 10.00. The leading economic index climbed 0.8% to 98.3 in November, versus 97.5 in the earlier month.
The Bloomberg Consumer Comfort Index rose to minus 29.4 in the week ended December 15, versus minus 30.9 in the prior period.
The Treasury is set to auction 7-year notes.
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