AutoZone third quarter net increased 9% to $248.59 million. Express first quarter net shrank 20% to $42.1 million. Nordson second quarter net slumped 20% to $52.1 million. Urban Outfitters first quarter net fell 12% to $34 million. Williams-Sonoma first quarter net decreased 2.8% to $30.72 million.
AutoZone third quarter net increased 9% to $248.6 million. Best Buy first quarter net declined 25% to $158 million. Edgar Online agreed to be acquired by Donnelley for $70.5 Million. Medtronic fourth quarter net soared 28% to $991 million. Ralph Lauren fourth quarter net surged 29% to $94.4 million.
U.S. indexes traded higher after retailers reported better than expected earnings but caution prevailed after the estimate of growth in the euro zone were lowered and Japan debt rating was lowered. BestBuy, AutoZone and Williams Sonoma reported better than expected earnings.
The European indexes gained more than 1% and the OECD lowered euro area growth forecast and Greece is expected to extend recession in the sixth year in 2013. The UK annual consumer price inflation eased in April. Accor agreed to sell Motel 6 to Blackstone for $1.9 billion.
Stocks in Tokyo extended gains for the second day in a row and exporters were in focus after the yen weakened a fraction and political leaders in the euro zone and China supported growth measures. Resources linked companies closed higher. Renesas Electronics is planning to cut 15% of its workforce.
Australian index gained more than 1% and the dollar traded below the U.S. dollar parity. Leighton Holdings, the global infrastructure group reiterated its annual earnings outlook between $400 million and $450 million. GrainCorp lifted its annual earnings estimate by as much as 11%.
U.S. indexes gained after trading at a 4-month low on Friday. Political leaders in Europe ratcheted up rhetoric of supporting Greece in the euro zone and China said it will support more growth measures. Merger deals of $25 billion were announced today.