Earnings, Revenue Miss
Family Dollar reported third-quarter profit of $1.06 a share, missing the $1.07 average analyst forecast. Sales were $2.36 billion, also less than the $2.37 billion estimate. Guidance implied a slight miss of full-year consensus, as well. FDO drops more than 7 percent before the bell on my tradeMONSTER platform.
Flow Reports Strong Quarter
Flow International earned $0.06 a share on revenue of $63.4 million. The Street had expected $0.04 and $62.63 million. FLOW rallied 14 percent after the bell yesterday, but hasn't traded yet this morning.
Libor Scandal Hammers Barclays
Barclays agreed to pay $452 million in fines to settle allegations that it improperly fixed Libor. CEO Bob Diamond and other top executives have given up their bonuses and are accepting responsibility. BCS is down 12 percent in the premarket.
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