Loading...
Loading...
Midway through trading Friday, the Dow traded down 1.18 percent to 16,006.33 while the NASDAQ tumbled 1.61 percent to 4,150.91. The S&P also fell, dropping 1.37 percent to 1,803.51.
Top Headline
Procter & Gamble Co
PG reported a
better-than-expected second-quarter net profit.
Procter & Gamble's quarterly profit declined to $3.43 billion, or $1.18 per share, from a year-ago profit of $4.06 billion, or $1.39 per share. Its core earnings fell to $1.21 per share.
Its sales came in at $22.28 billion versus $22.18 billion. However, analysts were projecting earnings of $1.20 per share on sales of $22.36 billion.
Equities Trading UP
Juniper Networks
JNPR shot up 7.77 percent to $28.03 after the company reported better-than-expected fourth-quarter results. Barclays
upgraded the stock from Equalweight to Overweight and lifted the price target from $29.00 to $34.00.
Shares of Open Text
OTEX got a boost, shooting up 11.95 percent to $101.45 after the company reported upbeat Q2 results and announced a 2-for-1 stock split.
Microsoft
MSFT was also up, gaining 3.70 percent to $37.39 after the company reported
stronger-than-expected fiscal second-quarter results. Credit Suisse raised the price target on the stock from $40.00 to $42.50.
Equities Trading DOWNLoading...
Loading...
Shares of Kansas City Southern
KSU were down 13.29 percent to $101.69 after the company reported downbeat Q4 earnings.
International Game Technology
IGT shares tumbled 12.63 percent to $15.42 after the company reported weaker-than-expected fiscal first-quarter results. Sterne Agee downgraded the stock from Buy to Neutral and cut the price target from $21.50 to $18.00.
First Niagara Financial Group
FNFG was down, falling 9.86 percent to $9.32 on Q4 results. The company issued weak FY14 earnings outlook.
Commodities
In commodity news, oil
traded down 0.70 percent to $96.64, while gold traded up 0.23 percent to $1,265.20.
Silver traded down 0.15 percent Friday to $19.98, while copper fell 0.29 percent to $3.28.
Euro zone
European shares
were lower today. The Spanish Ibex Index declined 3.88 percent, while Italy's FTSE MIB Index tumbled 2.30 percent. Meanwhile, the German DAX fell 2.61 percent and the French CAC 40 slipped 2.79 percent while U.K. shares declined 1.71 percent.
Economics
On the economics calendar Friday, there is no important data due out.
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 |
---|
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