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Equity Market News 06th February 2012

Equity Org Headlines:

Essar Energy adds 3 percent in mostly lower London energy sector

Antofagasta leads miners higher in London

Hunting plc leads energy sector lower

Sports Direct International leads London retailers higher

Pace plc drops 40 percent on profits warning

Royal Bank of Scotland leads London banks lower

Royal Bank of Scotland leads banks, FTSE 100 higher in London

Lloyds Banking Group drops 8 percent on first-quarter loss

Lloyds shares down on PPI claims

Aquarius Platinum adds 7 percent amid mostly lower mining sector

26/07/05

Permalink 02:21:20 pm, Categories: New York NYSE, Technology, Telecommunications, Electronics, 236 words  

Investors patient on Wall Street

Positive earnings reports failed to produce much movement on Wall Street Tuesday as investors chose to wait for several key economic reports due to be released later in the week.

The Dow Jones Industrial Average fell 0.2 percent to 10,579.77, but the Nasdaq composite gained 0.4 percent to 2,175.99 and the S&P 500 was up 0.4 percent to 1,231.16.

Texas Instruments reported greater than expected second quarter earnings, up 32 cents per share as opposed to a forecast of a 29 cent per share charge advance. TI also raised its quarterly dividend by 20 percent to 3 cents per share and announced that it would buy back $2 billion more in shares. That sent shares in TI up by 5.6 percent on the day.

Advanced technology and phone service provider Avaya also reported positive quarterly results, saying that earnings had more than tripled to 40 cents per share, much better than the 13 cents per share it had achieved last year at the same time. Shares in Avaya gained 16.4 percent on the day to $10.74.

McGraw Hill reported that second quarter earnings were up 18 percent to 51 cents per share, mostly on the success of its financial services component, which provided over 80 percent of operating profits. Shares gained 4.7 percent on the day to $46.53.

DuPont, a division of Dow, announced that net income in the second quarter had more than doubled compared to last year at the same time, but the news did not prevent DuPont’s shares from losing 6.6 percent to $41.15.

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