Top Headline
BlackBerry BBRY swung to a loss in the third quarter.
Its revenue dropped to $1.2 billion from $2.7 billion. However, analysts were estimating a loss of $0.44 per share on revenue of $1.59 billion. BlackBerry also entered into a five-year strategic partnership with Foxconn to develop and manufacture phones.
Equities Trading UP
Red Hat RHT shot up 13.06 percent to $55.40 as the company reported better-than-expected third-quarter results.
Shares of Jazz Pharmaceuticals Public Limited Company JAZZ got a boost, shooting up 8.18 percent to $124.10 after the company announced its plans to buy Gentium SpA GENT for around $1 billion.
Equities Trading DOWN
Shares of TIBCO Software TIBX were down 12.66 percent to $21.38 on Q4 results. Analysts at UBS downgraded the stock from Buy to Neutral.
Fastenal Company FAST was down, falling 6.21 percent to $45.03 after the company lowered its Q4 forecast.
CommoditiesSilver traded up 0.13 percent Friday to $19.21, while copper rose 0.29 percent to $3.31.
EurozoneEconomics
The US economy expanded at an annual pace of 4.1% in the third quarter, versus a prior reading of a 3.6% growth. However, economists were expecting a growth of 3.6%.
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