U.S. stock markets are set to open slightly lower on Monday after ending higher on Friday and today’s expectation of a quick resolution to the government shutdown.
Shares of Nuance Communications Inc. (NUAN, Financial) traded higher on premarket Monday session on the back of a first-quarter profit and sales outlook that was higher than expectations.
Now, the voice and language services company expects earnings per share in the range of 15 cents to 18 cents a share, compared with a loss of 8 cents a share, in the same trimester a year ago. Further, adjusted earnings per share are projected to be 26 cents to 27 cents, above the estimations of 22 cents. Moreover, net revenue is expected to be between $500.0 million and $503.0 million and adjusted revenue between $507 million and $510 million.
All the figures are higher than before due to strength in the health care, automotive and imaging segments.
Gainers
• FirstEnergy Corp. (FE, Financial)
• Wynn Resorts Ltd. (WYNN, Financial)
• Harley-Davidson Inc. (HOG, Financial)
• MGM Resorts International (MGM, Financial)”‹
Losers
• Micron Technology Inc. (MU, Financial)
• Celgene Corp. (CELG, Financial)
• Viacom Inc. (VIAB)
• Mattel Inc. (MAT, Financial)
• Ulta Beauty Inc. (ULTA, Financial)
Global markets
The main European stock markets traded in the green. The U.K.'s FTSE lost 0.06%, France's CAC climbed 0.26%, Spain's Ibex jumped 1.15% and Germany's Dax swelled 0.15%.
In Asia, Japan's Nikkei gained 0.03%, Hong Kong's Hang Seng rose 0.43%, China´s SSE Composite jumped 0.39% and India’s BSE Sensex advanced 0.81%.
Disclosure: The author holds no positions in any stocks mentioned.
