| The KUIK Morning Market Report for Friday, January 17: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 7 | points | 16,424 | 7:06 AM | ||
| S&P500 | Down | -0.19% | percent | 1,842 | (3.55) | ||
| Nasdaq Composite | Down | -0.28% | percent | 4,207 | (11.62) | ||
| 30 Year Treasury | Up | 1 | Basis Points | 3.78 | Annual Yield | ||
| Intel reported results after the close yesterday. Net income for the quarter ended Dec. 28 of $2.63 billion, or 51 cents per share, compared with profit in the year-earlier period of $2.47 billion, or 48 cents a share. Revenues rose to $13.83 billion from $13.48 billion. Analysts surveyed by Thomson Reuters expected earnings per share of 52 cents on revenue of $13.7 billion. Intel said net income rose 6.4% for the period ended in December, while revenue rose 2.6%. The company’s gross profit margin was 62% in the quarter, compared with its prior projection of about 61%. For the recently started fiscal year, the company projects flat revenue and gross margin of about 60%. Analysts are looking for revenue growth of about 1.2%. Intel shaes are down 4.4% to $25.38 a share. | |||||||
| December industrial production grew 0.3%, according to the Federal Reserve, as manufacturing and mining output advanced. The rise was in line with the consensus forecast. For the year, industrial production grew 3.7%, rising 0.9% above its prerecession peak. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/intel-profit-rises-but-firm-issues-concerning-outlook-2014-01-16 | |||||||
| http://www.marketwatch.com/story/industrial-production-edges-up-03-in-december-2014-01-17 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||