Market Focus

Dean Foods 

Dean Foods saw its shares rise on a smaller than expected loss. The diary company’s top and bottom line results were better than forecast. The company also said price increases and cost-cutting will help it churn out a profit in the current period. Shares surged almost 14 percent to $16.40.

Sotheby’s

Sotheby’s saw its shares rise after it announced that it narrowed its third quarter loss. The auction house benefited from lower costs and a tax benefit that offset a decline in revenue. Shares were up five percent to $41.45.

McDonald’s 

McDonald’s served up better than expected sales results. The fast food giant saw its same-store sales fall globally and in all of its individual regions. That’s not such good news. What is, is that the drops were smaller than Wall Street predicted. Shares were up a penny to $95.11,

GoPro

GoPro slumped on news it will sell $800 million worth of its stock in a secondary offering. The wearable camera maker’s sale comes ahead of its post-IPO share lock-up, which expires next month. Shares fell by more than $3 to $75.75.

Toll Brothers

Toll Brothers saw its revenue surge in October, up almost 30 percent. The home builder said sales were lifted by strong demand in its West Coast division. The company won’t officially announce earnings until December, but investors cheered the results anyway. Shares rose two percent to $32.95.

State Street

State Street is being investigated by the Department of Justice and the Securities and Exchange Commission. The subpoenas seek information about the firm’s effort to solicit business from its public retirement plans. Still, shares rose slightly to $78.12.

This entry was posted in Market Focus. Bookmark the permalink.

Leave a Reply