Here are some of the biggest movers in Friday morning trading:
Stock gainers:
Shares of Smartsheet Inc. SMAR, +9.99% gained 14% after the company reported revenue and earnings that topped analyst estimates, and forecast strong sales for its fiscal year.
Firearms maker Smith & Wesson Brands Inc. SWBI, +10.09% reported a 35% jump in quarterly sales, and shares rose nearly 15%.
Kroger Co.’s stock KR, +3.23% rose 5% after the supermarket giant said it’s selling more than 400 stores to C&S Wholesale Grocers for about $1.9 billion as part of its pending merger with Albertsons Cos. ACI, +3.14%. The company also announced a $1.2 billion settlement for opioid claims and reported a 2.2% drop in second-quarter sales to $33.85 billion, below the FactSet consensus estimate of $34.1 billion.
Stock decliners:
Hooker Furnishings Corp.’s HOFT, -14.11% shares fell 14% after the maker of furniture and home-decoration products reported downbeat fiscal second-quarter results.
Shares of RH RH, -13.77%, the furniture retailer formerly known as Restoration Hardware, dropped nearly 12% after the company warned that the higher-end housing market that the company depends on would likely remain rocky.
DocuSign Inc.’s shares DOCU, -3.03% dropped 5% despite topping earnings expectations and hiking its guidance amid continued tight business spending.
This article was originally published by Marketwatch.com. Read the original article here.
