Friday, March 22, 2013

Guess, Scholastic Tumble; Jobs Number Lower Than Forecast

Jobless claims were slightly better than expected, but there was little news to move futures markets decisively.

The number of jobless rose 2,000 to 336,000. Crude oil prices were headed higher and gold prices were �on the rise.

Shares of�KB Home (KBH) were up 55 cents, or 2.5%, to $22.12 after reporting�first-quarter earnings, with a loss that was less than expected.

Shares of Guess (GES) were tumbling lower, �down $1.90, or 7%, to $25.05.

And shares of children’s book publisher Scholastic �(SCHL) were tanking, down $3.56, or 11.5%, to $27.51. Its third-quarter loss doubled, release here.

Hewlett-Packard�(HPQ) stock was trading lower; the company said it would raise its dividend by 10%, to 14.52 cents from 13.2 cents; its current yield is 2.4%.(More�on the troubled company on our techology blog. More on the dividend here from the Wall Street Journal.)

 

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