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Coach COH reported downbeat fiscal second-quarter profit.
Its revenue declined 5.6% to $1.42 billion. However, analysts were expecting a profit of $1.11 per share on revenue of $1.48 billion.
Equities Trading UPBrinker International EAT shot up 6.40 percent to $49.68 as the company reported upbeat FQ2 earnings.
Shares of Textron TXT got a boost, shooting up 7.51 percent to $38.81 after the company reported a 13% rise in its fourth-quarter income.
Nuance Communications NUAN was also up, gaining 6.55 percent to $15.86 after the company lifted its first-quarter forecast.Equities Trading DOWN
Shares of Penn West Petroleum PWE were down 10.57 percent to $7.36 after the company issued operational update for the fourth quarter and 2013.
Coach COH was down, falling 7.12 percent to $48.81 after the company reported downbeat fiscal second-quarter profit.
CommoditiesIn commodity news, oil traded up 0.91 percent to $95.83, while gold traded down 0.10 percent to $1,240.50.
Silver traded down 0.05 percent Wednesday to $19.86, while copper fell 0.39 percent to $3.34.
EurozoneEuropean shares were mostly higher today. The Spanish Ibex Index dropped 0.36 percent, while Italy's FTSE MIB Index rose 0.01 percent. Meanwhile, the German DAX surged 0.17 percent and the French CAC 40 jumped 0.31 percent while U.K. shares gained 0.03 percent.
Economics
The MBA reported that its index of mortgage application activity rose 4.70% in the week ended January 17.
The Johnson Redbook Retail Sales Index fell 0.2% in the first two weeks of January from December.
The Treasury is set to auction 4-week bills.© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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