HNI Reports Q3 Beat; Sees FY16 EPS Above, FY17 EPS In Line with Street

HNI Reports Q3 Beat; Sees FY16 EPS Above, FY17 EPS In Line with Street

HNI (HNI) rose marginally in Wednesday’s late trading after the company reported financial results for Q3, with better-than expected earnings and revenue; it also provided guidance for Q4, fiscal 2016 and fiscal 2017. For the quarter ended Oct. 1, the provider of office furniture and hearth products posted Q3 non-GAAP earnings of $0.80 per share, compared with the prior-year period’s $0.93 per share. Analysts polled by Capital IQ were expecting […]

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Consumer Stocks Maintain Much of Day-Long Advance

Consumer Stocks Maintain Much of Day-Long Advance

Consumer stocks were higher shortly before Friday’s closing bell, with shares of consumer staples companies adding about 0.6% while shares of consumer discretionary firms in the S&P 500 were climbing nearly 0.8%. In company news, Dicks Sporting Goods (DKS) was narrowly higher this afternoon, with the retailer’s shares reversing a morning and early-afternoon retreat that followed reports it won an auction to buy the U.S. business of Golfsmith International Holdings […]

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Bonds End Mixed – 10-Year 1.735%

Bonds End Mixed – 10-Year 1.735%

U.S. Treasuries ended the week mixed with the long bond leading while the shorter end lagged as the curve trade dominated the quiet, low-volume session. Traders were preparing for a run of Treasury auctions in the week ahead as well as anticipated new corporate debt. Prices were pressured late as San Francisco Federal Reserve President John Williams called for gradual near-term rate hike hikes in a late local speech, airing […]

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Twitter, Netflix Among Several Sites Brought Down Friday in What Looks to be Cyber Attack

Twitter, Netflix Among Several Sites Brought Down Friday in What Looks to be Cyber Attack

Popular sites like Twitter (TWTR) and Netflix (NFLX) were brought down for some users Friday, after what could be a cyber attack, according to a CNN Money report. The hack seems to have impacted users on the East Coast as well as Europe, according to the report. The report said Dyn, a website domain management company, has experienced multiple denial of service attacks, which flood a site with massive amounts […]

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S&P 500 Rises 0.4% This Week, Led by Materials, Financials; Telecom, Consumer Staples Slip

S&P 500 Rises 0.4% This Week, Led by Materials, Financials; Telecom, Consumer Staples Slip

The Standard & Poor’s 500 index ended Friday’s session up 0.4% from a week ago, driven by increases across materials and financial stocks as commodities gained and banks reported third-quarter earnings above expectations. The market benchmark closed Friday at 2,141.16 versus its week-ago close of 2,132.98. All but three sectors — telecommunications, consumer staples and industrials — rose in the past week. Gold prices on Thursday climbed to their highest […]

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