The US added more jobs in October than economists expected, but US stocks inched down nonetheless, as investors grew jittery about next Tuesday’s presidential elections.
The Nasdaq Composite
(INDEXNASDAQ:.IXIC) was down 0.33% to 3,010.06 points on average trading volume of 756.93 million as of 12:03 p.m. EDT.
Big 5 Sporting Goods
(NASDAQ:BGFV) soared 39.57% to $12.45 on a strong earnings report. For the third quarter, the company reported earnings per share of $0.38 and revenue of $251.77 million. Analysts had forecast earnings of $0.32 per share on revenue of $247.2 million. Shares of Big 5 were upgraded to Strong Buy from Buy at Needham earlier today.
Also jumping on earnings beats were fellow online travel sites TripAdvisor
(NASDAQ:TRIP) and Priceline.com
(NASDAQ:PCLN). TripAdvisor surged 20.50% to $35.44 after reporting earnings of $0.42 a share on sales of $2.2.7 million, when the consensus was earnings per share of $0.42 on revenue of $210.9 million. Priceline gained 10.40% to $647.06, with Stifel Nicolaus upgrading the company to Buy from Hold.
Rival online travel sites such as Orbitz
(NYSE:OWW) (+3.24%), Kayak Software
(NASDAQ:KYAK) (+3.11%), and Expedia
(NASDAQ:EXPE) (+0.75%) also rose in the wake of good news from TripAdvisor and Priceline.
(NASDAQ:DNDN) also increased 21.95% to $4.70 after it said that sales of its prostate cancer drug Provenge jumped 27% in the third quarter.
(NASDAQ:GLUU) was one of the leading Nasdaq decliners, plunging 17.18% to $2.70. The mobile game maker issued an underwhelming fourth-quarter outlook, citing the disappointing performance of its current line of games. The company was subsequently downgraded by Piper Jaffray and Needham.
Despite a better-than-expected fiscal fourth-quarter report, Skyworks Solutions
(NASDAQ:SWKS) slid 12.96% to $20.96. Investors were likely cautious after the company forecast fiscal first-quarter earnings of $0.54 per share, $.02 below Street estimates.
No positions in stocks mentioned.
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