#Economy |
- Futures higher after disappointing earnings reports
- Polaris shares fall after lower 2015 sales guidance
- eBay beats Street and stock shoots up after hours
- 5 reasons for Dow's post-correction rebound
Futures higher after disappointing earnings reports Posted: 22 Oct 2015 12:10 AM PDT ![]() A Ferrari logo is seen on monitor on the trading floor of the New York Stock Exchange (NYSE) before Ferrari starts trading for the first day in New York on October 21, 2015. AFP PHOTO/JEWEL SAMADJEWEL SAMAD/AFP/Getty Images U.S. stock futures were higher Thursday, while Asian stock markets were mostly lower after disappointing U.S. earnings reports dented investor sentiment. Here is where major market index futures stood ahead of the start of regular trading: Dow: +0.2% S&P +0.3% Nasdaq: +0.4% Japan's Nikkei 225 index lost 0.6% while Hong Kong's Hang Seng index dropped 0.7%. The Shanghai composite index gained 1.5%. U.S. stocks finished in the red Wednesday with Yahoo slumping more than 5%. Contributing: Associated Press |
Polaris shares fall after lower 2015 sales guidance Posted: 21 Oct 2015 02:04 PM PDT Shares of Polaris Industries fell 10% Wednesday after the vehicle manufacturer lowered its revenue outlook for the year even as it reported higher third quarter sales. The Medina, Minn.-based company, known for snowmobiles and ATVs, now estimates its sales for 2015 will grow 10% to 11% from 2014. In July, it said sales growth will be in the range of 10% to 12%. Shares fell $12.18 to end Wednesday at $107.92. Sales for the quarter rose 12% to $1.46 billion, driven by robust demand for its motorcycles. Motorcycle sales rose 154% to $160.4 million. But sales for its biggest product line, off-road vehicles, grew at a more modest pace, up 3%. Net income increased 10% to $155.2 million. Earnings per share totaled $2.30, beating analysts' consensus estimate of $2.28 complied by the Zacks Investment Research. Follow USA TODAY Cindy Huang on Twitter: @cindyhuang_biz
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eBay beats Street and stock shoots up after hours Posted: 21 Oct 2015 01:40 PM PDT ![]() New eBay CEO Devin Wenig speaks to eBay power sellers at an event marketing the company’s 20th anniversary earlier this fall. (Brett R. Carlsen) Online marketplace pioneer eBay, which recently has been challenged to reinvigorate its brand after splitting from PayPal this year, saw its stock jump as much as 9% in after hours trading Wednesday to just over $26 a share. eBay reported third-quarter earnings after the bell of $539 million with net income of 45 cents, beating analyst expectations of around 40 cents, according to Thomson Reuters. The company posted revenue of $2.1 billion for the quarter, online with expectations. The company expects the quarter ending in December to result in EPS of 47 to 49 cents. New eBay CEO Devin Wenig told USA TODAY that his team “comes to work with urgency. Even the strongest e-commerce competitor can get unseated incredibly quickly given how rapidly consumer shopping behavior is changing." Wenig took over for outgoing eBay/PayPal CEO John Donahoe, whose combined company posted second-quarter earnings in July of $4.4 billion with EPS of 76 cents. Among the challenges facing the company are online marketplace options that range from behemoth Amazon Marketplace to craft king Etsy. Wenig said eBay’s future growth will be anchored to giving the company’s most profitable and prolific sellers better tools to run their businesses, allowing for greater ease with frequent trouble spots such as customer returns and inventory management.
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5 reasons for Dow's post-correction rebound Posted: 21 Oct 2015 09:45 AM PDT |
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