Quick Look Market Closing Price:
At the close: Dow +4.1% to 12029. S&P +4.1% to 1244. Nasdaq +3.77% to 2295.
Treasurys: 30-year -1.18%. 10-yr -0.35%. 5-yr +0.931%.
Commodities: Crude +0.57% to $100.36. Gold +1.89% to $1751.35.
Currencies: Euro +0.93% vs. dollar. Yen -0.51%. Pound -0.64%.
After Hours Earning News:
Krispy Kreme Doughnuts (KKD): FQ3 EPS of $0.07 beats by $0.01. Revenue of $98.7M (+9% Y/Y) missed by $0.6M. Same-store sales up 4% Y/Y, higher than FQ2's 2.5%. Company issues prelimianry FY13 EPS guidance of $0.35-$0.41, largely above $0.35 consensus. Shares -2.3% AH
Guess? (GES): Q3 EPS of $0.71 misses by $0.02. Revenue of $643M (+5% Y/Y) misses by $12M. Shares -0.6% AH.
Finisar (FNSR): FQ2 EPS of $0.23 beats by $0.01. Revenue of $242M (+.2% Y/Y) in-line. Shares -2.6% AH
Semtech (SMTC) drops 4.5% AH after posting FQ3 results. While revenue of $123.9M (+0.7% Y/Y) and EPS of $0.52 beat by $0.9M and $0.06, the company is guiding for FQ4 revenue of $102M-$108M and EPS of $0.27-$0.33, well below Street estimates of $117.7M and $0.43. Semtech's gross margin fell 120 bps Q/Q to 59.4%, and is expected to fall further in FQ4
For the latest updates on the stock market, visit,
http://daytradingstock-blog.blogspot.com/