Stocks – Best Buy, Dick’s Sporting Goods Rise Premarket; Dollar Tree Falls

This post was originally published on this site
© Reuters. © Reuters. – Stocks in focus in premarket trading on Tuesday:

Best Buy (NYSE:) stock jumped 4.6% in premarket trade by 8:20 AM ET (13:20 GMT) after its revenue beat estimates due to a rise in same-store sales. The electronics retailer also raised its full-year forecast ahead of the busy holiday season, which kicks off this Friday.

• Dollar Tree (NASDAQ:) stock slumped 13% after underlying third-quarter profit was lower than expected and the company warned that the last quarter of the year will also be weak due to the impact of tariffs on Chinese imports.

• Palo Alto Networks (NYSE:) stock fell 7.8% after it announced its eighth acquisition in two years, buying Aporteto for $150 million in cash.

Alibaba (NYSE:) stock inched down 0.2% even after a successful Hong Kong debut, with shares rising 6.6% locally in their first trading session.

• Abercrombie & Fitch (NYSE:) stock slipped 0.5% after its earnings fell just shy of estimates; revenue and comparable sales were flat as the retailer struggled to keep the interest of younger buyers.

• Dick’s Sporting Goods (NYSE:) stock surged 11.6% after it reported better-than-expected earnings and revenue, with same-store sales rising 6%; the company also raised its full-year guidance.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Add Comment