Mixed Open As Earnings Season Begins
The markets opened mixed with the Dow losing 25 points to 13,447 while Nasdaq rose 5 points to 3070 as third quarter earnings season began.
On the upside
True Religion (Nasdaq: TRLG) retained the services of Guggenheim Securities and Greenberg Traurig to explore strategic options including the possible sale of the company.
Yum! Brands (NYSE: YUM) reported higher third quarter earnings that topped analyst estimates as revenue climbed.
AuRico Gold (NYSE: AUQ) will sell its Ocampo mine in Mexico to Minera Frisco for $750 million in cash.
On the downside
OCZ Technology (Nasdaq: OCZ) warned of significant losses for the second quarter.
Glu Mobile (Nasdaq: GLUU) said that second quarter losses would be approximately $3.1 million.
The Food and Drug Administration has not made a determination the New Chemical Entity application submitted by Amarin (NYSE: AMRN) for its high triglyceride treatment Vascepa.
In the broad market, declining issues outpaced advancers by a margin of more than 9 to 7 on the NYSE while decliners barely edged out advancers by a slim margin on Nasdaq. The Russell 2000 which tracks small cap stocks held steady at 827.
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here