Wall Street’s negative – Reuters

          

In New York, the major indices opened the ‘ last session of the week on the downside. The Dow Jones sells 0.9%, the S & amp; P 500 0.8% and the Nasdaq Composite 0.5%.
On the stock markets continues to weigh Use the drop in oil. In addition, the macroeconomic data published in the day was disappointing.
Markit announced the flash estimate for December PMI Services: the reading and ‘stood at 53.7 points, down from the previous month, amounting to 56.1 points, indicating a slowdown growth, the lowest level since 12 months.
On the corporate front BlackBerry + 8%. The smartphone maker announced a better than expected quarterly. In the third quarter the loss dropped to 89 million from 148 million a year earlier. Excluding extraordinary items, the loss per share stood at $ 0.03, significantly better than the red shown by the consensus of 15 cents. Revenues fell to 548 million from 793 million resulting however better than expected (consensus 489 million).
Darden Restaurants + 6%. The restaurant chain raised its earnings estimates for the current year to 3.25 to 3.35 dollars from 3.15 to 3.30 dollars the previous guidance. The company also increased the quarterly dividend to $ 0.50 from $ 0.4375, and announced a new share buyback program of 500 million dollars. In the second quarter, earnings per share adjusted amounted to $ 0.54, 2 cents more than expected.
CarMax -10%. The used car dealer has posted a disappointing quarterly. The profit fell to 128.2 million dollars ($ 0.63 per share) from 130 million in the same period a year earlier. Revenues grew by 4.1% to 3.54 billion, while sales in comparable stores decreased by 0.8%. Analysts had expected an EPS of $ 0.68 on revenues of 3.61 billion and sales up 1.9%.
Fossil Group -5%. Goldman Sachs cut its rating on the stock of the watch manufacturer to sell from neutral.
Red Hat + 5%. The manufacturer of the system Linux has published a quarterly than expected and has revised upwards its estimates for the full year. In the third quarter, earnings per share adjusted amounted to $ 0.48 on revenues of 523.6 million. Analysts had expected an EPS of $ 0.46 on revenues of 521 million. For the full year, revenues are expected to 2.044000000000 to 2.048000000000 from 2.034 to 2.044 the previous guidance.

(RV)