MBI - Crude Oil Surges Over 2%; Lululemon Posts Upbeat Earnings | Benzinga
U.S. stocks traded almost flat midway through trading, following the release of jobs data.
The Dow traded up 0.01% to 36,118.06 while the NASDAQ fell 0.01% to 14,338.32. The S&P 500 also fell, dropping, 0.03% to 4,584.11.
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Leading and Lagging Sectors
Energy shares rose by 1.2% on Friday.
In trading on Friday, real estate shares fell by 0.7%.
Top Headline
Lululemon Athletica Inc (NASDAQ: LULU) reported upbeat results for its third quarter but issued a weak sales outlook for the current quarter on Thursday.
Lululemon said third-quarter revenue increased 19% year-over-year to $2.2 billion, which beat the consensus estimate of $2.19 billion, according to Benzinga Pro. The company reported quarterly adjusted earnings of $2.53 per share, which beat analyst estimates of $2.28 per share.
Lululemon said it sees fourth-quarter revenue in the range of $3.135 billion to $3.17 billion versus estimates of $3.18 billion.
Equities Trading UP
Intensity Therapeutics, Inc. (NASDAQ: INTS) shares shot up 135% to $9.88. Intensity Therapeutics presented INT230-6 data in early-stage breast cancer patients.
Shares of MBIA Inc. (NYSE: MBI) got a boost, shooting 69% to $12.45 ...