U.S. stock market traded red on Thursday, ahead of President Donald Trump's cancelation of a planned meeting with North Korea.
Shares of L Brands Inc. (LB, Financial) jumped on Thursday trading after the company posted fourth-quarter earnings of $2.11 on revenue of $4.82 billion, which was 7.3% higher than the comparable period. The company beat revenue expectations by $100 million and by 6 cents in earnings.
Further, the fourth quarter operating income reached $986.6 million compared to $987.6 million last year, and net income was $664.1 million compared to $631.7 million last year.
Looking ahead, the company expects 2018 full-year earnings per share to be between $2.95 and $3.25, and for the first quarter it expects earnings per share between 15 and 20 cents.
Gainers
• NRG Energy Inc. (NRG, Financial)
• Foot Locker Inc. (FL, Financial)
• General Electric Co. (GE, Financial)
Losers
• Best Buy Co Inc. (BBY, Financial)
• Albemarle Corp. (ALB, Financial)
• Newell Brands Inc. (NWL, Financial)
• Pioneer Natural Resources Co. (PXD, Financial)
Global markets
The main European stock markets traded in the red. The U.K.'s FTSE lost 0.71%, France's CAC retreated 0.24%, Germany's Dax fell 0.97% and Spain's Ibex slid 0.24%.
In Asia, markets closed mixed. Japan's Nikkei closed down 1.11%, China´s Shanghai sank 0.45%, Hong Kong's Hang Seng advanced 0.31% and India’s BSE Sensex gained 0.93%.
Disclosure: The author holds no position in any stocks mentioned.
