Guess Loses COO & CFO and 4 Hot Stocks Turning Heads
CME Group’s (NASDAQ:CME) average trading volume during October was down 20% to 9.9 million contracts a day. A product-line wise analysis reveals that daily average for equity indices was down 34%, FX down 23% and interest rates were lower by 16%.
Third quarter EPS at BGC Partners (NASDAQ:BGCP) was $0.13 while revenues were $445.7 million, up 17%, both in line with expectations. Higher revenues were driven by the ongoing success of the Real Estate Services segment, while newly-acquired “Newmark Grubb Knight Frank generated $141.1 million in revenues and $16.1 million in pre-tax distributable earnings for the quarter,” said Howard W. Lutnick, Chairman and Chief Executive Officer of BGC.
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Fortress Investment Group (NYSE:FIG) reports Q3 EPS of $0.12 on revenues of $181.5 million which beat by $0.01 and $2 million respectively.
Shaw Supermarkets, a subsidiary of Supervalu (NYSE:SVU), announces plans to cut store-level workforce by about 700 positions across its Shaw’s and Star Market stores in New England.
Guess (NYSE:GES) announces that its Chief Operating Officer and Senior VP & CFO have both resigned to “pursue other interests.” Shares of GES are down about 5% to $24.57.
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