Today's Market Winners and Losers
Stocks opened mixed today, with the Dow Jones Industrial Average down 0.04%, the Nasdaq up 0.16% and the S&P 500 up 0.07%. Today's market winners include a company who beat quarter four earnings expectations, and another who missed in the second quarter but increased its share buyback program. Meanwhile, today's loser missed Wall St. earnings estimates and cut its full-year sales outlook.
Here are Wednesday's market winners and loser.
Shares of Abercrombie & Fitch Co. (NYSE: ANF) are up 10.42% to $35.70 on trading volume of 4.3 million shares. Despite disappointing second-quarter earnings, shares rose as the retailer announced it was increasing its share buyback program by 10 million shares. The 52-week high is $77.49.
Shares of JDS Uniphase Corp. (NASDAQ: JDSU) are up 9.83% to $11.73 on trading volume of 7.8 million shares. The optical networking company reported fourth-quarter earnings of 15 cents a share, beating analyst estimates of 12 cents a share. The 52-week high is $15.17.
Shares of Staples Inc. (NASDAQ: SPLS) are down 15.42% to $11.38 on trading volume of 29.5 million shares. The company reported earnings of 18 cents a share in the second quarter, with Wall St. expecting 22 cents a share. Staples also said sales would stay flat for the year, despite saying sales would grow in the low single-digits previously. Before Wednesday, the 52-week low was $12.10.
Filed under: 24/7 Wall St. Wire, Earnings, HI/LOW, Market Roundups, Most Actives Tagged: ANF, JDSU, SPLS