The US economy added 209,000
The US economy added 209,000 new jobs in July. The unemployment rate holds steady at 4.3% (Labor Department)
In the slew of earnings results here are some regional companies you may have missed.
Alaska Air and its regional Horizon Air subsidiary reported quarterly earnings topping $2 billion for the first time ever and a profit of $296 million, or $2.38 per share. That’s up nearly 14% from Alaska’s profit a year ago. Horizon Air accounted for just 1% percent of the company’s overall profit in 2016. So far, this year, flight cancellations have been mounting since January as Horizon has lost $16 million. (Oregon Live)
Columbia Sportswear had record second-quarter sales of $398.9 million, but lost $11.5 million, or 17 cents a share. The company lost $8.2 million, 12 cents per share, in the same period last year. The company’s flagship Columbia brand saw sales increase 2 %, the Sorel brand of footwear sales climbed 71% from the prior year. The company said most of the 2017 sales growth will come from its own direct-to-consumer sales. (Oregon Live)
Join us this weekend for Financial Focus Radio when we will talk about these record markets.
The S&P 500 is up 8 and the NASDAQ is up 8. The MSCI international index is flat.
Oil is down 17 cents at $48.86 a barrel.
Gold is up $1 at $1275 a Troy ounce.