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Market Update : 
Gannett Beats Expectations
Author: Elena Todorova
123jump.com
Last Update: 11:48 AM EST February 02 2007

(Continued)

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U.S. stocks continued to trade in a mixed fashion. Intuitive Surgical surged 16% after reporting profit decline that came in above analyst estimates. Gannett rose 2.2% on Q4 earnings increase of 3% to $1.51 per share from $1.44 last year, beating estimates. Homebuilder Brookfield Homes fell 10% adfter it reported net income drop of $2.19 per share from $4.36 per share a year ago on 40 % revenue decrease. Chevron lost 1.2% on 9% profit drop.

 
The euro was little changed against the U.S. dollar Friday, declining slightly despite signs that the U.S. manufacturing sector was tightening. The euro bought $1.3018 in morning European trading, down from $1.3021 in New York late Thursday. The British pound shed $1.9672 from $1.9677, while the dollar rose to 120.88 Japanese yen from 120.66 yen.
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