Market Focus

Dunkin’ Brands

Dunkin’ Brands had its worst day ever. This as the Dunkin’ Donuts parent provided a disappointing sales growth outlook and said it will close 100 of its stores. The company citing volatile commodity prices and a spike in egg prices. The stock slid more than 12 percent to $43.

Nordstrom

Nordstrom announcing it will pay a special dividend and hike its share buyback program. The chain will pay a special cash dividend of $4.85 a share on October 27th and add $1 billion to its repurchase plan. Shares rose initially after the close. During the regular session the stock was off a fraction to $71.43.

Illumina

Shares of the biotech company Illumina slipped in today’s session. The company’s competitor PacBio came out with a faster, cheaper version of one of its systems. The firm was also downgraded at Leerink Swann because of uncertainty for its future products. Shares fell 10.5 percent to $157.21.

Performance Food Group

Performance Food Group made its market debut in today’s session. The firm, which says it is the third largest food distributor by revenue in the country, offered 14.5 million shares at $19 a piece. Shares rose one percent to $19.20.

T-Mobile

Experian announced that one of its business unit has been hacked, which could impact T-Mobile. The breach occurred on a server that contained data on behalf of T-Mobile, which is a client. The data stolen includes the personal information for about 15 million people. Shares were little changed in initial after hours trading. During the regular session the stock was up a fraction to $40.13.

McCormick

The spice maker McCormick posting mixed results with earnings coming in below consensus. The company’s results were hurt by currency impacts. It expects annual earnings to be at the low-end of estimates. The stock was off more than four percent to $78.68.

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