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Mid-Afternoon Market Update: BlackBerry Releases Awful Guidance, Proves Bears Right
2013 Sep 20, 3:44pmToward the end of trading Friday, the Dow traded down 0.77 percent to 15,516.25 while the NASDAQ declined 0.22 percent to 3,781.93. The S&P also fell, dropping 0.57 percent to 1,712.23. Top Headline Right at the 3 o'clock hour, BlackBerry (NASDAQ: BBRY) shares were halted pending news. The...
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Mid-Day Market Update: US Stocks Drop; TIBCO Shares Surge On Upbeat Results
2013 Sep 20, 12:55pmMidway through trading Friday, the Dow traded down 0.48 percent to 15,562.25 while the NASDAQ declined 0.14 percent to 3,783.93. The S&P also fell, dropping 0.41 percent to 1,715.23. Top Headline Darden Restaurants (NYSE: DRI) reported a drop in its first-quarter profit and announced the...
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Mid-Morning Market Update: Markets Open Mixed; Darden Profit Misses Estimates
2013 Sep 20, 10:27amFollowing the market opening Friday, the Dow traded down 0.13 percent to 15,615.65 while the NASDAQ gained 0.14 percent to 3,794.72. The S&P fell, dropping 0.02 percent to 1,722.05. Top Headline Darden Restaurants (NYSE: DRI) reported a drop in its first-quarter profit and announced the...
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EXCLUSIVE: Tibco CEO Vivek Ranadive Comments On Impressive Earnings: "...a gold rush is coming"
2013 Sep 20, 10:17amIn an exclusive interview with Benzinga, Tibco (NASDAQ: TIBX) CEO Vivek Ranadive spoke about the company’s third quarter earnings. After missing revenue estimates in recent quarters, Tibco shocked Wall Street Thursday, sending shares 7.29 percent higher in after-hours trading. Revenue for the...
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UPDATE: Darden Posts Lower Q1 Profit
2013 Sep 20, 8:40amDarden Restaurants (NYSE: DRI) reported a drop in its first-quarter profit and announced the retirement of its president and chief operating officer. Darden's quarterly earnings fell to $70.2 million, or $0.53 per share, from $110.8 million, or $0.85 per share, in the year-earlier period. However...
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Market Primer: Friday, September 20: US Markets Fall As Investors Re-Evaluate
2013 Sep 20, 6:45amUS markets leveled out on Thursday after posting record high gains on Wednesday following the US Federal Reserve’s decision to maintain its stimulus spending. Most are expecting to see increased volatility in equity markets on Friday as index managers rebalance their portfolios. Top News...
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Earnings Scheduled For September 20, 2013
2013 Sep 20, 4:55amDarden Restaurants (NYSE: DRI) is expected to report its Q1 earnings at $0.70 per share on revenue of $2.20 billion.
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Stocks To Watch For September 20, 2013
2013 Sep 20, 4:13amSome of the stocks that may grab investor focus today are: TIBCO Software (NASDAQ: TIBX) reported better-than-expected third-quarter results. TIBCO shares jumped 7.29% to $27.09 in the after-hours trading session. AK Steel Holding (NYSE: AKS) projected wider loss for the third quarter. AK Steel...
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Mid-Afternoon Market Update: Groupon Rallies on Stifel Upgrade; Fleetmatics Drops On Short Seller Article
2013 Sep 19, 3:36pmToward the end trading Thursday, the Dow traded down 0.21 percent to 15,644.72 while the NASDAQ gained 0.26 percent to 3,793.25. The S&P fell, dropping 0.09 percent to 1,723.12. Top Headline ConAgra Foods (NYSE: CAG) reported a 42% drop in its fiscal first-quarter earnings. ConAgra's...
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UPDATE: ConAgra FQ1 Profit Drops 42%
2013 Sep 19, 8:02amConAgra Foods (NYSE: CAG) reported a 42% drop in its fiscal first-quarter earnings. ConAgra's quarterly profit fell to $144.3 million, or $0.34 per share, from $250.1 million, or $0.61 per share, in the year-ago period. Its earnings from continuing operations came in at $0.33 per share. Excluding...
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UPDATE: Scholastic Posts Narrower FQ1 Loss
2013 Sep 19, 7:58amScholastic (NASDAQ: SCHL) posted a narrower fiscal first-quarter loss. Scholastic reported a quarterly loss of $29.9 million, or $0.94 per share, versus a year-ago loss of $32.1 million, or $1.02 per share. Excluding one-time items, it lost $0.90 per share. Its revenue declined 5.8% to $276.3...
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UPDATE: Rite Aid Posts Q2 Profit, Lifts Outlook
2013 Sep 19, 7:56amRite Aid (NYSE: RAD) posted a profit in its fiscal second quarter. For the year, it lifted its earnings forecast to $0.18 to $0.27 per share on sales of $25.1 billion to $25.3 billion. Rite Aid earlier expected a profit between a penny and $0.15 per share on sales of $24.9 billion to $25.3 billion...
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UPDATE: Pier 1 Posts 32% Drop In Q2 Earnings, Lowers Full-Year Forecast
2013 Sep 19, 7:14amPier 1 Imports (NYSE: PIR) reported a 32% drop in its fiscal second-quarter earnings. Pier 1 cut its full-year earnings forecast to $1.23 to $1.29 per share, versus its earlier forecast of $1.27 to $1.32 per share. Pier 1's quarterly profit fell to $17.8 million, or $0.17 per share, from a year-...
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UPDATE: IHS Posts Upbeat Q3 Results
2013 Sep 19, 6:47amIHS (NYSE: IHS) reported upbeat third-quarter results. IHS's quarterly net income declined to $23.4 million, or $0.35 per share, from $44.1 million, or $0.66 per share, in the year-ago period. Excluding items, it earned $1.27 per share. Its revenue climbed 25% to $480.3 million. However,...
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Market Primer: Thursday, September 19: Markets Surge On Fed Decision To Continue With Stimulus
2013 Sep 19, 6:38amThe US Federal Reserve meeting ended with the bank pledging to continue with its $85 billion per month stimulus plan until economic data paints a more stable picture of the US economy. The news sent markets soaring; treasury bonds had their largest price rally in a single day since November 2011...
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