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The dollar surged against its main rivals after the Labor Department said the U.S. economy added 215,000 jobs in July. The number was roughly in line with economists’ expectations. A survey of economists conducted by MarketWatch generated a consensus forecast of 220,000 new jobs. The dollar surged to 125.07 yen after the report, its highest level against the Japanese currency since early June. It traded at 125.64 yen shortly before the report. The euro slumped to $1.0875 after the report, its weakest level in two days. It traded at $1.0950 earlier. The pound weakened to $1.5444 after the report, slightly above its lows from Thursday’s session. It traded at $1.5520 before the report.

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From:: Stock Market News

Groupon Inc. shares rose almost 6% in premarket trade Friday, after the online coupon company swung to a profit in the second-quarter. The company said it had net profit of $109.1 million, or 16 cents a share, in the quarter, after a loss of $22.9 million, or 3 cents a share, in the year-earlier period. Adjusted per-share earnings came to 2 cents, matching the FactSet consensus. Revenue rose to $738.4 million from $716.2 million, but was below the FactSet consensus of $740 million. Gross billings, which reflect the total dollar value of customer purchases of goods and services, increased to $1.53 billion from $1.50 billion. The company is now expecting third-quarter revenue of $700 million to $750 million, below the current FactSet consensus of $756 million. Shares have fallen 43% in the year so far, while the S&P 500 has gained 1.2%.

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From:: Stock Market News

The Hershey Co. said Friday it had a net loss of $99.9 million, or 47 cents a share, in the second quarter, after a profit of $168.2 million, or 75 cents a share, in the year-earlier period, weighed down by impairment charges relating to a restructuring and weakness in China. Adjusted per-share earnings came to 78 cents a share, ahead of the FactSet consensus of 75 cents. The chocolate maker said sales came to $1.58 billion, slightly higher than a year ago, but below the FactSet consensus of $1.62 billion. “U.S. results were slightly ahead of our expectations with year-to-date combined candy, mint and gum (CMG) market share up 0.1 points,” Chief Executive John Bilbrey said in a statement. “Results were adversely impacted by international performance, primarily in China.” Looking ahead, the company is expecting full-year net sales to rise 1.5% to 2.5%, while adjusted EPS is expected to rise 3% to 5%. “The continued rollout of new products as well as solid Halloween and Holiday orders provide good visibility into our net sales outlook over the remainder of the year, particularly in North America,” said Bilbrey. Shares were not yet active in premarket trade, but are down 11.3% in the year so far, while the s&P 500 has gained 1.2%.

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From:: Stock Market News

Auction house Sotheby’s said Friday it had net income of $67.6 million, or 96 cents a share, in the second quarter, down from $77.6 million, or $1.11 a share, in the year-earlier period. Adjusted per-share earnings came to $1.04, below the FactSet consensus of $1.26. Revenue came to $332 million, down 1% from a year ago, and below the FactSet consensus of $342 million. The decline in profit and sales was due to a calendar shift of the summer evening sale of contemporary art in London, and a loss on a painting acquired earlier this year and sold at auction in the second quarter, the company said in a statement. “Our Company delivered strong sales to date in 2015 but some anomalies in the second quarter depressed the bottom line,” Chief Executive Tad Smith said in the statement. “We are moving forward with our strategic plan and look forward to reporting its results in due course.” Shares were not yet active in premarket trade, but are down 6% in the year so far, while the S&P 500 has gained 1.2%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

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From:: DIY this old house

NAHB analysis of Census Construction Spending data shows that total private residential construction spending for June increased to a seasonally adjusted annual rate of $378 billion. On a month-over-month basis, private multifamily spending increased to $52 billion, up by 2.82 percent over the revised May estimate, while private single-family spending was $211 billion, a slight […] …read more

From:: Finance and Economy

TrueCar Inc. said Thursday it lost $14.7 million, or 18 cents a share, in the second quarter, compared to a loss of $15 million, or 22 cents a share, a year ago. Revenue reached $65.3 million, up from $50.5 million a year ago. Adjusted for one-time items, TrueCar lost 5 cents a share in the quarter, in line with consensus, according to FactSet. The car-buying platform also said its chief executive and founder Scott Painter will step down later this year. Painter will continue to serve as chairman of the board and retire when a new CEO is hired, the company said. Shares of TrueCar were flat late Thursday after ending the regular session down 6.3%.

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From:: Stock Market News

Nvidia Corp. shares rallied in Thursday’s extended trade after the graphics chip maker turned in quarterly results that beat expectations. Nvidia said its second-quarter earnings fell to $26 million, or 5 cents a share, from $128 million, or 22 cents a share, a year ago. On an adjusted basis, the company earned 34 cents a share, ahead of 11 cents a share forecast by analysts in a FactSet survey. Revenue grew to $1.15 billion from $1.1 billion. The company projected third-quarter revenue of $1.18 billion, give or take 2%. Shares of Nvidia surged nearly 9% in after hours session.

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From:: Stock Market News

Shares of Lions Gate Entertainment Corp. fell 6% on Thursday after the company reported first-quarter 2016 earnings with net income of $40.7 million, or 26 cents per share, compared with $43.3 million, or 30 cents per share in the same period a year ago. Excluding non-recurring items adjusted basic EPS were 33 cents. The FactSet consensus was for EPS of 7 cents. The company’s revenues fell to $409 million, compared with $449 million in the prior year period. The FactSet consensus on revenue was $430 million. The company said revenue fell amid a sharp decline in motion picture and home entertainment revenue. Shares of Lions Gate are up 10% in the year to date, while the S&P is up 1%.

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From:: Stock Market News

In the first full quarter with founder Mark Pincus back in the CEO role, social-gaming company Zynga Inc. beat expectations for earnings and revenue, but continued to struggle attracting players. Zynga reported a net loss of $26.9 million, or 3 cents a share, on sales of $199.9 million, representing revenue gains of more than 30% year-over-year; after adjustments, Zynga claimed a loss of a penny a share. The company also said it had 83 million monthly active users in the quarter, down 32% from a year earlier. Analysts surveyed by FactSet had expected Zynga to report an adjusted loss of 2 cents a share on sales of $158.7 million, with 95.2 million monthly active users. Pincus returned as CEO in April, replacing the executive he had helped lure to Zynga to replace him less than two years earlier. Zynga shares fell about 3% in late trading after closing with a 2.4% loss at $2.45.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News