The Dow Gains 37 Points, Nasdaq Falls 21
ATEA Hot Sheet
EPS Growth %: +100.0%
The Dow gained 37.06 points to close at 13,383.84, the Nasdaq fell 21.15 points to close at 2,525.29, and the S&P 500 fell 1.96 points to close at 1,501.19. Oil gained $0.71 to close at $63.71.
Volume was modest with 3.14 billion shares trading on the NYSE and 2.3 billion trading on the Nasdaq. Advancers topped Decliners by a margin of 25:07 on the NYSE and 21:09 on the Nasdaq.
In individual stories, Astea International (NASDAQ: ATEA) gained 43% after reporting March quarterly revenues of $7.85M versus $3.84M last year. The Company reported EPS of $0.36, versus loss of $0.64 last year. STEC Inc (Nasdaq: STEC) fell 25% after reporting Q1 EPS of $0.04 vs. consensus of $0.07. Revenues were $47.2 million vs. $44.83 million consensus. Sees Q2 EPS between $0.01-0.03 vs. consensus of $0.10. Sees Q2 revenues between $41-43 million vs. $49.2 million consensus. Also, Deutsche Bank and CIBC downgrade the stock this morning.
Tomorrow, investors will be looking for earnings from Arcelor Mittal (NYSE: MT), Deere & Co (NYSE: DE), Federated Dept Stores (NYSE: FD), and Jack In The Box (NYSE: JBX).
Also, investors will be looking for economic data on April Housing Starts, Building Permits, Capacity Utilization and Oil Inventories.
Volume was modest with 3.14 billion shares trading on the NYSE and 2.3 billion trading on the Nasdaq. Advancers topped Decliners by a margin of 25:07 on the NYSE and 21:09 on the Nasdaq.
In individual stories, Astea International (NASDAQ: ATEA) gained 43% after reporting March quarterly revenues of $7.85M versus $3.84M last year. The Company reported EPS of $0.36, versus loss of $0.64 last year. STEC Inc (Nasdaq: STEC) fell 25% after reporting Q1 EPS of $0.04 vs. consensus of $0.07. Revenues were $47.2 million vs. $44.83 million consensus. Sees Q2 EPS between $0.01-0.03 vs. consensus of $0.10. Sees Q2 revenues between $41-43 million vs. $49.2 million consensus. Also, Deutsche Bank and CIBC downgrade the stock this morning.
Tomorrow, investors will be looking for earnings from Arcelor Mittal (NYSE: MT), Deere & Co (NYSE: DE), Federated Dept Stores (NYSE: FD), and Jack In The Box (NYSE: JBX).
Also, investors will be looking for economic data on April Housing Starts, Building Permits, Capacity Utilization and Oil Inventories.
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