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Quick Look Market Closing Price:
At the close: Dow -1.14% to 12411. S&P -1.25% to 1309. Nasdaq -1.7% to 2810.
Treasurys: 30-year +0.49%. 10-yr +0.29%. 5-yr +0.12%.
Commodities: Crude -3.13% to $81.47. Gold +0.62% to $1601.25.
Currencies: Euro -0.26% vs. dollar. Yen -0.01%. Pound -0.09%
After Hours News:
Juniper Networks (JNPR) +0.7% AH after announcing a new $1B stock buyback plan, good for acquiring 11.5% of all outstanding shares at current levels. The plan increases Juniper's total buyback authorization to $1.16B
Texas Instruments (TXN -3.1%) uses its mid-quarter update to narrow its Q2 revenue and EPS guidance ranges. The chipmaker now expects revenue of $3.28B-$3.42B ($3.22B-$3.48B prior) and EPS of $0.32-$0.36 ($0.30-$0.38 prior). Shares +1.2% AH.
Texas Instruments (TXN -3.1%) uses its mid-quarter update to narrow its Q2 revenue and EPS guidance ranges. The chipmaker now expects revenue of $3.28B-$3.42B ($3.22B-$3.48B prior) and EPS of $0.32-$0.36 ($0.30-$0.38 prior). Shares +1.2% AH.
Finisar (FNSR): FQ4 EPS of $0.23 beats by $0.02. Revenue of $239.9M (+1.3% Y/Y) beats by $3M.Finisar's FQ4: Though the company beat estimates, it's guiding for FQ1 revenue of $218M-$233M and EPS of $0.11-$0.15, below a consensus of $250.4M and $0.24. The optical component vendor says weak carrier capex is hurting its telecom product sales, and that recent annual price reductions have also had an impact. FNSR -1.2% AH, adding to today's 9.5% drop. JDSU -1.4% AH.
Synergetics USA (SURG): FQ3 EPS of $0.04 in-line. Revenue of $14.6M (-0.7% Y/Y) in-line. Shares -0.7% AH
