Home Uncategorized Promotions to watch: Oracle, Smith & Wesson, Family Dollar

Promotions to watch: Oracle, Smith & Wesson, Family Dollar

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SAN FRANCISCO (MarketWatch) – Among the companies whose shares are expected to trade actively on Friday’s session – Oracle Corp., Smith & Wesson Holding Corp. and Family Dollar Stores Inc.

After closing on Thursday, Oracle
ORCL,
-0.96%

said its fourth-quarter earnings fell to $ 3.65 billion from $ 3.81 billion a year earlier. Earnings per share were unchanged at 80 cents a share, while adjusted earnings were 92 cents a share, less than the 95 cents a share projected by analysts in the FactSet survey. Revenue rose $ 11.3 billion from $ 10.95 billion. Oracle shares fell more than 6% in trading during non-business hours.

Oracle Corp. displayed outside the company’s headquarters in Redwood City, California.

Bloomberg

Smith & Wesson
USA: SWHC

reported earnings in the fourth fiscal quarter of $ 25.1 million, or 45 cents a share, up from $ 25.2 million, or 39 cents a share, a year ago. Revenue fell to $ 170.4 million from $ 178.7 million. This quarter, the company expects to earn between 23 cents and 25 cents a share and $ 1.30 to $ 1.40 a share for the full year. Analysts forecast earnings of $ 1.50 per share for the full year. Shares of Smith & Wesson fell 12% in a short time.

Investor activist Carl Aikan published a letter to Family Dollar Stores CEO Howard Levin, noting their differences over the company’s future. Aikan, who owns 9.4% of the shares in a network of discount retailers, believes the company can do more to be competitive, and warned that “consolidation in this space is inevitable.” Family dollar stocks
USA: FDO

increased by 2.7% in the short term.

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