THOMASVILLE, Ga. _ Flowers Foods Inc. on Thursday reported first-quarter profit of $61.4 million. Flowers Foods expects full-year earnings to be 96 cents to $1.01 per share, with revenue in the range of $3.79 billion to $3.86 billion. Flowers Foods shares have risen 20 percent since the beginning of the year.
Stocks fell Wednesday as investors mulled the slowdown in Europe and earnings from retailers.
Some of Wednesday's midday movers:
U.S. stocks ended near highs on Tuesday, with the Dow and S&P each edging up to a record close.
Take a look at some of Tuesday's midday movers:
Although strategists say it's too early to sound the all clear for the market, it does not seem like it is poised for a big downdraft.
U.S. stocks pared gains in light volume trading on Monday as investors looked for signs of easing in geopolitical tensions.
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Take a look at some of Thursday midday movers:
Sandy Villere of Villere Balanced Fund says his firm has owned 3D Systems for 10 years, and recommends the stock.
Stocks finished higher Tuesday, rebounding after Atlanta Federal Reserve President Dennis Lockhart downplayed the notion that the central bank would begin winding down its bond-buying program at its September meeting.
U.S. stock index futures shaved some gains Tuesday, after retail sales came in just shy of expectations, though positive news from overseas kept a limit on losses.
Tuesday’s retail sales should be an important check up on consumers and could show they are picking up their pace of spending.
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Hostess plans to have Twinkies and other snack cakes back on shelves starting July 15.
The classic Twinkie will hit store shelves nationally by late July, Hostess Brands told NBC News.
Hostess Brands creditor Silver Point Capital and hedge fund Hurst Capital have expressed interest in buying Hostess's snack cake brands, the New York Post reported.
In a bankruptcy auction carried out Thursday at law firm Jones Day, Mexico's baking giant Grupo Bimbo placed the winning bid for Beefsteak, one of Hostess' bread brands, for $31.9 million, according to a person familiar with the matter.
With debt cheap and plenty of cash on the books, companies are primed to make deals when they are good and ready.
Stocks soared for a second day to finish near session highs Wednesday, with the Dow within less than 100 points of an all-time closing high, boosted by upbeat earnings and economic reports and as Fed Chairman Ben Bernanke reaffirmed his support of the central bank's stimulus policy.