Markets dive on earnings concerns

|
Earnings concerns sent the markets into a tailspin with Dow collapsing 195 points to 17,840. Nasdaq crumpled 82 points to 4,941.

On the upside

Bargain hunters lifted shares of Voltari (Nasdaq: VLTC).

Boulevard Acquisition (Nasdaq: BLVD) will buy Dow Chemical's (NYSE: DOW) AgroFresh business in a deal valued at approximately $810 million.

First quarter earnings more than tripled for Atlas Air Worldwide Holdings (Nasdaq: AAWW) to surpass analyst expectations by a wide margin and the company expects significant earnings growth in 2015.

On the downside

First quarter earnings and revenue rose for On Assignment (NYSE: ASGN) but the results missed expectations and the company forecast current quarter earnings and revenue below estimates.

Advaxis (Nasdaq: ADXS) priced its public offering of 2.8 million common shares at the discounted price of $19.00 per share.

ITT Educational Services (NYSE: ESI) announced the retirement of chief financial officer Daniel M. Fitzpatrick. The for-profit educator also reported lower new student enrollment and lower total enrollment.
 
In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 2 on both the NYSE and on Nasdaq. The broader S&P 500 plunged 21 points to 2085. Bitcoin gained $10 to $237.

About this Entry

This page contains a single entry by published on April 30, 2015 2:18 PM.

Jobless claims drop but markets fall on earnings concerns was the previous entry in this blog.

Markets soar after yesterday's selloff is the next entry in this blog.

Find recent content on the main index or look in the archives to find all content.

Powered by Movable Type 5.12