Among the companies with shares expected to actively trade in Thursday’s session are Target Corp.(TGT), Green Mountain Coffee Roasters Inc.(GMCR) and Johnson Controls Inc.(JCI)
Target’s fiscal third-quarter earnings fell 46% as the retailer posted weaker margins and earnings at its U.S. business and losses at its Canadian segment. Shares fell 3.7% to $64.05 premarket as the company cut its earnings guidance for the year.
Green Mountain’s fiscal fourth-quarter profit jumped 38% due to higher sales of the company’s single-serve coffee packs and robust demand for its Keurig brewers. Shares rose 5.9% to $65.50 in premarket trading Thursday, as results for the latest period exceeded expectations.
Johnson Controls unveiled a three-year, $3.65-billion share repurchase program Wednesday as the manufacturer also said its board has increased the company’s regular quarterly dividend. Shares climbed 4.1% to $50.20 premarket.
Williams-Sonoma Inc.'s(WSM) fiscal third-quarter profit rose 16% as same-store sales increased at all store formats the housewares and furniture retailer operates, led by gains at West Elm and PBteen. The latest results exceeded expectations and Williams-Sonoma issued a rosier outlook for the year. Shares rose 6.7% to $59.20 in premarket trading.
5 Best Cheap Stocks To Invest In Right Now
Nu Skin Enterprises Inc. issued an outlook for the upcoming fiscal year that topped Wall Street expectations as the vendor of anti-aging skincare products expects to see strength in all of its regions. Shares rose 4.7% to $120.16 premarket.
Liquidity Services Inc.’s fiscal fourth-quarter earnings rose 88% as the surplus goods seller’s revenue grew while expenses dropped. However, shares fell 9.2% to $23.60 premarket as the company forecast weaker-than-expected earnings in its new fiscal year and missed income estimates in the latest quarter.
Discount retailer Dollar Tree Inc.’s fiscal third-quarter sales increased 9.5% as higher traffic drove improvements in consumer basics and seasonal and variety merchandise categories. Still, shares dropped 5.8% to $55.50 premarket as both the top- and bottom-line results were weaker than expected.
Activist investment firm Crescendo Partners called for Aeropostale Inc.'s(ARO) board to immediately pursue a sale of the struggling teen-apparel retailer, saying that the company’s turnaround efforts are best pursued as a private company. Representatives for Aeropostale didn’t immediately respond to requests for comment. Shares rose 2.6% to $10.30 premarket.
Hologic Inc. adopted a one-year shareholder rights plan with a 10% trigger after receiving notification that activist investor Carl Icahn has taken a big stake in the women’s healthcare products company. Shares rose 5% to $23.40 premarket.
No comments:
Post a Comment