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TheStreet Open House

Stocks Finish Lower After Google's Earnings Leak

Stock quotes in this article: ^DJI, ^GSPC, ^IXIC, RRD, CLWR, NFLX, TRV, PM, LUV, GOOG, VZ, MSFT, EBAY, MS, MLNX

November crude oil futures closed down 2 cents at $92.10 a barrel. December gold futures settled down $8.30 at $1,744.70 an ounce.

The benchmark 10-year Treasury dipped 3/32, raising the yield to 1.834%. The greenback rose 0.37%, according to the dollar index.

In corporate news, Morgan Stanley (MS) beat estimates for the third quarter, helped by higher fixed income trading revenue. The stock fell 3.8%.

Shares of Philip Morris International (PM) lost 4.2% after the tobacco company reported lower-than-expected third-quarter earnings and sales, and provided a disappointing full-year profit outlook.

Southwest Airlines (LUV) swung to a profit in the third quarter from a year-earlier loss and topped earnings estimates. Revenue was little changed as average ticket prices fell amid lower demand last month. The stock edged up 0.34%.

Shares of eBay (EBAY) jumped more than 5% after the online auctioneer missed on the top line in its latest quarter and gave a mixed fourth-quarter outlook. The company did beat earnings per share estimates by a penny, and several brokerages raised their price target on the stock on Thursday.

Mellanox Technologies (MLNX) was a big loser after the company gave weak revenue guidance, saying it expects revenue between $145 and $150 million, well below the consensus estimate of $157 million. Shares plunged 20.5%.

Online movie services company Netflix (NFLX) announced that it has launched in Sweden, Denmark, Norway and Finland. The stock dipped less than 2%.

Sprint Nextel (S) revealed it's adding to its stake in Clearwire (CLWR) by buying out the founder of the troubled wireless network operator. Clearwire shares tumbled 10.2% and Sprint shares climbed 0.87%.




--Written by Andrea Tse and Joe Deaux in New York.



>To contact the writer of this article, click here: Andrea Tse.

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