Author: Elena Todorova
123jump.com
Last Update: 1:52 PM EST February 17 2006
Soaring oil prices, better-than-expected rise in wholesale prices and disappointing outlook from Dell sent stocks lower. However, the computer maker reported 52% profit jump in Q4, beating estimates. Nvidia said Q4 net income almost doubled to 53 cents a share, above expectations. Guess shares fell 7% on downbeat forecast for 2006. PXRE Group slid 65% after it raised its estimate of the impact of Rita and Katrina. Intuit posted 25% quarterly rise on revenue but gave a weak outlook.
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