- rose less than expected
- 239,000 vs forecast of 245,000
- four-week moving average: 245,250 (an increase of 500 from previous week)
- 102nd consecutive week that the reading came in below 300,000
- fewer than 240,000 for five out of last seven weeks (post-Trump election)
- significant: claims had not gone below 240,000 even once from December, 1972, to December, 2016
Flowserve: net income, 50 cents/share; adjusted, 72 cents/share; average estimate was 65 cents/share. 4Q16 net income, $65.1 million; full year profit at $145.1 million.
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Sounds Like A Beat
MRO: earnings are out. EPS, a loss of $1.62 per share; adjusted, came to 10 cents/share. It's a bit confusing, the following statement at the linked article:
But then this:The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of 13 cents per share.
The energy company posted revenue of $1.39 billion in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $1.19 billion.
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Keystone XL: TransCanada files Keystone XL route application in Nebraska. Quick: when did President Trump meet with Canadian Prime Minister Justin Trudeau? If you guessed three days ago, you were correct. Quick: guess what they talked about?
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