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U.S. employers added 165,000 people to payrolls in October, far exceeding economists’ forecast of 59,000. Consumer companies rose after the stronger-than-expected jobs report, while updates from Under Armour and Bloomin’ Brands pointed to sharply different business trends.
Under Armour reported lower revenue for its fiscal second quarter, citing a broad sales slump across every product category and geographic region.
Bloomin’ Brands raised its full-year profit forecast as operational improvements at Outback Steakhouse sustained progress in the chain’s turnaround.
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