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Moving the Market
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Weekly MBA Mortgage Index: +12.6% actual, -5.0% prior October retail sales: -0.3% actual, -0.2% Briefing.com consensus, +1.3% prior Retail sales ex-auto: 0.0% actual, +0.1% Briefing.com consensus October PPI: -0.2% actual, +0.1% Briefing.com consensus Core PPI: -0.2% actual, +0.1% Briefing.com consensus September business inventories: +0.7% actual, +0.6% Briefing.com consensus, +0.6% previous |
Home Depot, Xerox Rising on Earnings
13-Nov-12 10:00 ET
Dow +18.82
at 12833.98,
Nasdaq -5.76
at 2898.50,
S&P +0.61
at 1380.61
[BRIEFING.COM] The Dow and S&P 500 have recovered their early losses. The two indices are currently flat while the Nasdaq continues to underperform, down 0.2%.
Looking at stocks reacting to quarterly results, Home Depot (HD 64.00, +2.84) is higher by 4.6% after reporting upbeat earnings. During the third quarter, the home improvement store operator earned $0.74 on $18.13 billion in revenue. Both figures were ahead of the Capital IQ consensus estimate. In addition, the company issued upside full-year 2013 earnings and revenue guidance.
Elsewhere, Xerox (XRX 6.47, +0.14) is adding 2.4% after the company's earnings of $0.25 were in-line with the Capital IQ consensus. However, Xerox revenue of $5.42 billion decreased 2.9% year-over-year and missed expectations. Regarding the future outlook, company management said, "We remain cautious, and we are focused on reducing costs to absorb the impact and improve margins while investing in key areas of growth and delivering strong cash flow."
Looking at stocks reacting to quarterly results, Home Depot (HD 64.00, +2.84) is higher by 4.6% after reporting upbeat earnings. During the third quarter, the home improvement store operator earned $0.74 on $18.13 billion in revenue. Both figures were ahead of the Capital IQ consensus estimate. In addition, the company issued upside full-year 2013 earnings and revenue guidance.
Elsewhere, Xerox (XRX 6.47, +0.14) is adding 2.4% after the company's earnings of $0.25 were in-line with the Capital IQ consensus. However, Xerox revenue of $5.42 billion decreased 2.9% year-over-year and missed expectations. Regarding the future outlook, company management said, "We remain cautious, and we are focused on reducing costs to absorb the impact and improve margins while investing in key areas of growth and delivering strong cash flow."
