Quick Look Market Closing Price:
At the close: Dow +0.08% to 12960. S&P +0.09% to 1362. Nasdaq -0.11% to 2948.
Treasurys: 30-year -0.16%. 10-yr +0.02%. 5-yr 0%.
Commodities: Crude +2.39% to $106.08. Gold +2.04% to $1761.05.
Currencies: Euro 0.% vs. dollar. Yen +0.12%. Pound +0.44%.
After Hours News:
Intuit (INTU): FQ2 EPS of $0.51 beats by $0.06. Revenue of $1.02B (+16% Y/Y) in-line. Sets FY12 revenue guidance of $4.185B-$4.285B. Shares +2.6% AH.
Canadian Solar (CSIQ) raises Q4 estimates, expecting solar module shipments of 430-440 MW against previous guidance of 340-360 MW, and against actual shipments of 287 MW in Q2 and 355 MW in Q3. The bump reflects stronger-than-expected demand from customers and the company still estimates gross margins to be 5-8%. Shares +9.6% AH.
Solar-panel maker Yingli Green Energy (YGE) lowers its forecast for Q4 shipments and gross margins, and says it will record $361M in impairment charges and an inventory provision amid difficult solar market conditions. It now expects PV module shipments to fall 30% versus its previous forecast of around a 20% decline, and its gross margin will be approximately 3%, down from its previous estimate of 10%. Shares -8.9% AH
Chesapeake Energy (CHK): Q4 EPS of $0.58 misses by $0.01. Revenue of $2.73B (+38% Y/Y) misses by $275M. Shares +0.8% AH
Dell (DELL): FQ4 EPS of $0.51 misses by $0.01. Revenue of $16.03B (+2% Y/Y) beats by $70M. Company expects FY13 EPS to exceed $2.13 (consensus is for $2.04). But it expects FQ1 revenue to fall 7% Q/Q (implied level of $14.9B, below $15.2B consensus) Shares -3.1% AH
Cheesecake Factory (CAKE): Q4 EPS of $0.53 beats by $0.01. Revenue of $477M (+14.6% Y/Y) beats by $6M. Shares -1.2% AH.
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