Today’s IPO debut, Dunkin’ Brands (NASDAQ:DNKN) is already up to $25 in trading as demand for Dunkin’ has trumped analyst expectations. Last night the company revised its opening price to $19, higher than the range of $16-18 listed on its SEC filing. This morning the stock has already run up 31% as the hot IPO season continues to run without a hitch. A total of 22.3 million shares of Dunkin are listed on the Nasdaq (NASDAQ:NDAQ). Don’t Miss: Dunkin Brands: A Deep Dive Into the Highly Anticipated IPO.
Clorox (NYSE:CLX) is moving higher in early trades despite news that billionaire investor Carl Icahn’s bid to acquire the company was determined “inadequate” by the board of directors. Icahn’s bid valued the company at a small premium, $80 per share, compared to its current trading price of $73.40.
Shares of the Boeing Company (NYSE:BA) are skying, up over 3% already after the company reported its second quarter earnings earlier. Boeing’s net income was up 20% to $941 million, or $1.25 a share, from $787 million, or $1.06 a share, in the year-ago period. Revenue rose 6% to $16.54 billion from $15.57 billion. Analysts were expecting earnings of 98 cents a share, on average, with sales of $16.47 billion. Get all the details in your Boeing Company Earnings Cheat Sheet.
Also reporting earnings this morning was Dow Chemical Co. (NYSE:DOW), which saw net income rise 73% from the past year. The largest U.S. chemical manufacturer reported a profit of $982 million, or 84 cents a share, up from $566 million, or 50 cents a share, a year earlier. Excluding a loss on early extinguishment of debt and other items, earnings were up at 85 cents from 54 cents. Revenue jumped 18% to $16.05 billion, driven by price gains. Excluding divestitures, sales were up 28%. Analysts had forecast earnings of 81 cents on revenue of $14.74 billion. DOW stock is up 0.61% in trading.