The markets seem to have forgotten about Libya, Japan (NYSE:EWJ), oil (NYSE:USO), and anything else that once stood in its way. The Dow (NYSE:DIA) closed 84 points higher on Thursday, and the S&P (NYSE:SPY) gained 12 points.
Gold (NYSE:GLD) and silver (NYSE:SLV) saw perhaps the strangest action of the day. Although both precious metals reached new highs on Thursday, both ended up closing down for the day. Perhaps the rapid price decline has something to do with CME hiking silver margins? For more analysis and professional guidance consider a free 14-day trial to our premium service.
Aside from the daily chaos around the globe, these 4 big name companies released earnings Thursday. Will earnings help these companies escape the global turmoil?
1) Darden Restaurants (NYSE:DRI): The causal dining company operates mainly under The Olive Garden, Red Lobster, LongHorn Steakhouse, and The Capital Grille. Shares are down as the company released fiscal third quarter results after the bell. EPS of $1.08 beat estimates by 3 cents, and revenue of $1.98 billion was inline with estimates. Darden continues to expand, as the company finished the quarter with 66 more restaurants than the previous year’s third quarter. Competitor Brinker International, Inc. (NYSE:EAT) is also selling off this morning.
2) Research in Motion (NASDAQ:RIMM): Shares are getting hammered in late trading, falling more than 10% after the wireless communication company released fourth quarter earnings. EPS of $1.78 beat estimates by 2 cents, and revenue grew by 36% from last year to $5.56 billion. The company gave a weak outlook for the current quarter. RIMM expects first quarter earnings of $1.47 to $1.55 per share, compared to estimates of $1.65 per share.
3) Accenture (NYSE:ACN): Shares are up 5.33% in late trading on the company’s latest earnings release. The company earned 75 cents per share on $557.6 million, topping estimates by 3 cents. Looking forward, the company raised fiscal 2011 guidance from $3.08-$3.16 per share, to $3.22-$3.30 per share. Accenture is a management consulting company that also offers technology services and outsourcing.
4) Oracle (NASDAQ:ORCL): After the closing bell, all eyes were on Oracle, the world’s leading supplier of software for management information. Shares jumped 4% in late trading as the company released fiscal third quarter earnings. Earnings of 54 cents per share beat estimates by 4 cents. New software license sales increased 29% to $2.2 billion. The company also saw product support and license update sales increase by 13% to $3.7 billion.
In addition to looking at individual stocks, you should also take a look at whether the Commodities Bull Market is Signaling A Pause?
Disclosure: No positions