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Author: 123jump.com Staff
123jump.com
Last Update: 7:22 PM EDT October 07 2005


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Friday's job report left market in a state of wanting more data on employment situation. Retailers, miners, energy and utilities stocks charged ahead for the day. Research in Motion stock faces turbulence on losing Court of Appeals motion. For the week the Dow down 2.6%, the S&P down 2.7% and the Nasdaq down 2.9%. Alcoa, Genentech an Infosys to report on Monday.

 
ENERGY, METALS, CURRENCIES

Oil prices steadily hovered round $62 a barrel. Light sweet crude for November delivery rose 34 cents to trade at $61.70 a barrel on the Nymex. London Brent gained 35 cents to $58.72.

Gold prices further climbed in European trading. In London the precious metal closed at $475 per troy ounce, up from $471.40. In Hong Kong gold rose $6.40 to close at $472.55. Silver traded at $7.67, up from $7.51.

In European trading the U.S. dollar traded higher against all major currencies The euro was quoted at $1.2121, down from $1.2154.The dollar changed hands at 113.76 yen, up from 113.36. The British pound was trading at $1.7610, down from $1.7719.

EARNINGS NEWS

GenCorp Inc. (OXM: chart), automotive, aerospace fine chemicals and real estate company, posted a Q3 net loss of 53 cents a share, down from the loss of $1.05 a share in the year-ago period. The company's Q3 loss from continuing operations went down to 8 cents a share vs. 33 cents last year. Sales from continuing operations soared to $134 million, up vs. $116 million in Q3 year-ago.

GenCorp Inc. (GY: chart), automotive, aerospace fine chemicals and real estate company, posted a Q3 net loss of 53 cents a share, down from the loss of $1.05 a share in the year-ago period. The company's Q3 loss from continuing operations went down to 8 cents a share vs. 33 cents last year. Sales from continuing operations soared to $134 million, up vs. $116 million in Q3 year-ago.

Lone Star Steakhouse & Saloon (STAR: chart), restaurant chain, posted Q3 net earnings of 2 cents a share, vs. 17 cents a share in the same period last year on a flat revenue compared with the year-ago period.

Accenture Ltd (ACN: chart), provider of management consulting and technology, posted Q4 net earnings of 38 cents a share, vs. 30 cents a share in the same period last year on revenue growth, beating analysts’ expectations of 36 cents a share. The company also reported revenue including reimbursements of $4.31 billion vs. $3.81 billion. Accenture announced that it expects first-quarter net earnings of between 32 cents and 34 cents a share. The company also forecast fiscal 2006 earnings of $1.45 to $1.50 on revenue growth of 9% to 12%.

Burlington Coat Factory Warehouse Corp. (BCF: chart), retailer, reported a Q1 net loss of 36 cents a share, vs. 42 cents a share in the same period last year on revenue growth, missing analyst estimate of 30 cents a share.

Net2Phone (NTOP: chart), provider of Internet protocol communications services, posted a Q4 net loss of 13 cents a share, down vs. a net loss of 8 cents a share in the same period last year on slight revenue decline, missing analysts forecast by a penny.
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