Archive for the ‘Market’ Category

GDP Revised Lower than Expected

The US economy grew more slowly in the third quarter than was initially reported. The Commerce Department revised third quarter gross domestic product to a 2% pace in the third quarter, from an initial estimate of 2. Full story

Solar Power Companies Disappoint with Earnings

Several China-based solar power companies are reporting lackluster earnings today. JA Solar (JASO) posted a loss in the third quarter of $0. Full story

Zale Earnings Sparkle vs. Expectations

Jewelry retailer Zale (ZLC) reported a narrower loss for its fiscal first quarter following the close of trading yesterday. Zale's loss narrowed to $32 million, or $0. Full story

Footwear Earnings: DSW, Collective Brands, Brown Shoe

Footwear retailer DSW (DSW) reported third quarter earnings today of $53. 7 million, or $0. Full story

Fusion-io Trades Lower on Follow-On Offering

Data storage platform company Fusion-io (FIO) is seeing its shares decline today, with heavier than usual volume, after it priced a follow-on public offering. The company said late yesterday it had price an offering of 8. Full story

Morgan Stanley Earnings Top Estimates – But Stock Falls 8%

Morgan Stanley have delivered their Q3 results, and while earnings came in above analyst forecasts, the overall picture was enough to send their stock tumbling. Full story

Rentokil’s Share Price Slumps 14% As North American Market Cools

Organic sales rose 4.2% during the three months to September as trading in its largest market worsened. Full story

London Stock Exchange Group On Course To Hit Upper End Of Guidance

Organic revenues (excluding recoveries) increased 8% between July and September, with sales at Data & Analytics improving 7.2% year on year. Full story

Tesla Earnings: Profit, Sales Fall Short Of Estimates As Margins Dwindle

Tesla’s operating margin was about 50% lower during Q3 year-over-year. Full story

Netflix Earnings: Subscribers Swell To Record 247 Million As Stock Soars

Netflix reported nine million net subscriber additions exceeded analyst estimates. Full story
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