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
said its fiscal fourth-quarter profit fell to $3.65 billion from $3.81 billion a year earlier. Per-share earnings were unchanged at 80 cents a share while adjusted earnings came in at 92 cents a share, short of 95 cents a share forecast by analysts in a FactSet survey. Revenue rose $11.3 billion from $10.95 billion. Oracle shares declined more than 6% in after-hours trading.
Bloomberg
Smith & Wesson
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
rose 2.7% in after hours.
More must-reads from MarketWatch:
Oil’s surge might ‘tip the scale toward a correction’ – video chat highlights
10 founders booted out of their own companies
Stocks’ rise to records fails to lift Wall Street forecasts
Providing critical information for the U.S. trading day. Subscribe to MarketWatch’s free Need to Know newsletter. Sign up here.