In corporate news, Best Buy was 0.7% higher after affirming its 2011 earnings guidance.
Which only makes the game Apple plays with its earnings guidance so baffling.
The introduction of news, such as a merger announcement or revised earnings guidance, is often unpredictable.
As soon as the lower earnings guidance was announced, institutions knew Apple was sandbagging.
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This week the company announced an increase to its fiscal year 2012 earnings guidance.
These factors may explain why management failed to raise its full-year earnings guidance following the earnings release.
Amgen has issued its own press release, and a second announcement reaffirming its earnings guidance through 2015.
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Yesterday, FedEx rival, UPS, reaffirmed its full year earnings guidance, but warned of difficult economic conditions and anemic growth.
Furthermore, the updated sales guidance was not as impressive as the earnings guidance.
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Texas Instruments (TXN) announced that it was narrowing its revenue forecasting, and increased the low end of its earnings guidance.
The company, based in New York and Switzerland, also lowered its full-year earnings guidance because of changes in foreign exchange rates.
Strong winter storms that battered the U.S. in December and January forced FedEx to lower its third quarter earnings guidance.
FORBES: FedEx Digests Rough Winter Weather And Surging Fuel Costs, Lowers Guidance
My research shows that managers' quarterly earnings guidance is more accurate than the current analysts' consensus forecast in 70% of cases.
Chip stocks got a lift Thursday after Broadcom (NYSE: BRCM) raised its fourth quarter earnings guidance, citing upside in mobile and wireless.
Mr. Stovall's theory: poor earnings guidance for the third quarter and the rest of the calendar year causes weary investors to sell shares.
On Tuesday there was yet another sign of good things to come: Whirlpool (NYSE: WHR) upped its earnings guidance for the year.
Department stores had a strong November, with Macy's Inc. reporting same-store sales rose 6.1% and lifting its earnings guidance for the fourth quarter.
WSJ: Retailers November Sales Show Healthy Start to Holiday Season
The company reaffirmed 2013 earnings guidance of between 18 and 20 cents per share, while analysts had expected earnings of 18 cents per share.
Not only was last quarter a successful one for Cephalon, but they also raised full year earnings guidance for the second straight quarter.
Before companies provided earnings guidance, we all had to wait for the day earnings were released to know what they were going to be.
Next Generation Equity Research's Davies blames overall weakness in the stock market, as well as discontent related to recent earnings guidance from the company.
The company will follow what it did last year and provide earnings guidance for the second half of 2008 when it announces third-quarter earnings.
There was good news for investors in Merck's earnings guidance today.
Some in Congress want the government to ban quarterly-earnings guidance altogether.
Qualcomm delivered record revenues for Q2 FY2013 on April 24, but saw shares decline as investors fretted over its lower-than-expected earnings guidance for the next quarter.
The company, based in New York and Switzerland, lowered its full-year earnings guidance because of changes in foreign exchange rates, which also hurt its quarterly results.
As the company has already indicated in its pre-earnings guidance, its debut Windows Phone 8 devices were off to a flying start during the holiday season.
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While providing respectable 2012 earnings guidance of 12% to 17%, DuPont moderated its 2011 EPS guidance given slower growth in certain segments due to global economic uncertainty.
The company noted the raised earnings guidance reflected increased sales expectations and shares repurchased through June 30, interest on borrowings, and a lower full year tax rate.
In its earnings guidance disclosed on October 7, Samsung estimated third-quarter consolidated revenues would reach approximately 41 trillion won with an operating profit of 4.2 trillion won.
ENGADGET: Samsung's Q3 2011 overall profit falls despite incredible phone sales
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