Thursday, November 28, 2013

Mid-Day Movers: World Wrestling Entertainment Jumps 10% on Earnings Beat; Oshkosh Falls 12% on Falling Military Sales

Stocks have battled back to little changed after falling this morning, as stocks like World Wrestling Entertainment (WWE) and Oshkosh (OSK) make big moves.

Courtesy of Bonhams

The S&P 500 has gained 0.03% to 1,763.79v at 12:26 p.m., while the Dow Jones Industrial Average has dipped 0.04% to 15,613.29.

No need to wrestle with World Wrestling Entertainment’s earnings–the market likes what it sees. Shares of the company formerly known as the World Wrestling Federation have surged 9.6% to $12.98 today after it said its profits fell but revenue surged.

Atlas Air Worldwide (AAWW) has plunged 21% to $38.63 following its announcement that it would earn less this year than it had previously expected.

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Oshkosh has dropped 12% to $46.25 after it reported a profit of 49 cents a share, missing forecasts for 590 cents, as sales of military vehicles plunged.

Discovery Communications (DISCA) has gained 4.9% to $88.48 after the company reported a profit of 80 cents a share, beating forecasts for 72 cents.

Cardinal Health (CAH) has gained 4.1% to $57.96 after it beat earnings forecasts and raised it 2014 guidance. It also said it would buy back more shares.

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