SAN FRANCISCO (MarketWatch) — Among the companies whose shares are expected to see active trade in Friday’s session are Oracle Corp., Smith & Wesson Holding Corp., and Family Dollar Stores Inc.
After Thursday’s closing bell, Oracle ORCL,
Oracle Corp. signage is displayed outside of the company’s headquarters in Redwood City, Calif.
Bloomberg
Smith & Wesson US:SWHC reported fiscal fourth-quarter profit of $25.1 million, or 45 cents a share, compared with $25.2 million, or 39 cents a share, a year ago. Revenue fell to $170.4 million from $178.7 million. In the current quarter, the company expects to earn between 23 cents and 25 cents a share and between $1.30 and $1.40 a share for the full year. Analysts are projecting earnings of $1.50 a share for the full year. Shares of Smith & Wesson dropped 12% in after hours.
Activist investor Carl Icahn released a letter to Family Dollar Stores’ Chief Executive Howard Levine in which he noted their differences over the future of the company. Icahn, who holds a 9.4% stake in the discount retailer chain, believes the company can do more to be competitive and warned that “consolidation in this space is inevitable.” Shares of Family Dollar US:FDO rose 2.7% in after hours.
More must-reads from MarketWatch:
Oil’s surge might ‘tip the scale toward a correction’ – video chat highlights
Source: Marketwatch
