Let’s take a look at some of today’s winners and losers. Stocks in the red include Sotheby’s as the auction house posted weaker-than-expected profit for the second quarter. Part of the decline was due to the movement of some sales this year into the first quarter, Newell Brands, as consumer products marketer lowered its earnings guidance for the year and reported a decline in sales and profit for the most recent quarter and Praxair Inc., as the industrial gas company’s planned $87 billion merger with Linde was put in doubt by demands from U.S, antitrust regulators.
Stocks in the green include Tyson Foods as the food company reported third quarter EPS of $1.50, $0.04 better than the analyst estimate of $1.46, SeaWorld, stocks soaring as revenue for the quarter came in at $391.9 million versus the consensus estimate of $371.4 million. Attendance at the theme park jumped 5% and Berkshire Hathaway as the company reported a jump in quarterly profit to 67% for the second quarter due to a healthy economy that helped its insurance units, railroads and automotive-financing arms.
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