This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Stocks Erase Gains in Late Trading

Kohl's (KSS) projected full-year earnings of $4.15 a share to $4.45 a share, below the consensus target of $4.56 a share, after posting fourth-quarter profit of $1.66 a share on revenue of $6.342 billion. Analysts, on average, expected fourth-quarter profit of $1.63 a share on revenue of $6.24 billion. Shares shed 1.1%.

Wall Street expects software company Salesforce.com (CRM) to report quarterly earnings of 40 cents a share when it issues its results after the markets close Thursday. Shares were up 1.4% on Thursday.

Molycorp (MCP) shares dropped 1.6% after the company announced a delay in filing its 10-K report and its postponement of its fourth-quarter and full-year 2012 earnings call.

BroadSoft (BSFT) shares plunged 32.1% after the software provider gave current-quarter projections that were below estimates amid expectations of lower consumer applications revenue during the year.

Babcock & Wilcox (BWC) shares jumped 2.2% after the power generation technology company swung to a fourth-quarter profit, helped by adjustments in pension plans and increased revenue at its power generation and nuclear operations divisions.

CommonWealth REIT (CWH) shares fell 12.2% after it announced that its public offering of 30 million common shares was priced at $19 a share, a 16% discount to its closing price on Wednesday.

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

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

3 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
CWH $25.47 -0.12%
JCP $8.65 0.00%
SHLD $42.70 0.00%
AAPL $127.60 0.00%
FB $83.09 0.00%

Markets

DOW 18,034.93 +208.63 1.17%
S&P 500 2,100.40 +19.22 0.92%
NASDAQ 4,994.6020 +62.7870 1.27%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs