U.S. stock markets were trading in positive territory on Wednesday, with the Nasdaq reaching a record 8,063.54 points and the 30-year yield at 3.032%. It seems investors are taking advantage of a calmer environment as political tensions ease.
Shares of NCI Building Systems Inc. (NCS) jumped more than 3% on Wednesday morning before reversing lower. The company posted third-quarter earnings per share of 51 cents on revenue of $548.53 million on Tuesday afternoon, reflecting growth of 16.9% year over year. It beat earnings estimates by three cents and revenue expectations by $14.3 million.
The gross profit was $133.4 million, or 24.3% of sales, compared to $115 million, or 24.5% of sales, in the year-ago quarter. Adjusted earnings before interest, taxes, depreciation and amortization was $63.3 million, or 11.5% of revenue.
Looking ahead to the fourth quarter, the company expects revenue in the range of $550 million to $570 million and adjusted EBITDA between $60 million and $70 million.
Gainers
- Davita Inc. (DVA, Financial)
- Marathon Oil Corp. (MRO, Financial)
- Coty Inc. (COTY, Financial)
- Mosaic Co. (MOS, Financial)
- Hess Corp. (HES, Financial)
Losers
- Advanced Micro Devices Inc. (AMD, Financial)
- Tiffany & Co. (TIF, Financial)
- Macy's Inc. (M, Financial)
- Ralph Lauren Corp. (RL, Financial)
- Nordstrom Inc. (JWN, Financial)
Global markets
The main European stock markets traded mixed. The U.K.'s FTSE 100 lost 0.71%, France's CAC 40 jumped 0.30%, Germany's Dax rose 0.27% and Spain's Ibex 35 retreated 0.39%.
In Asia, Japan's Nikkei 225 advanced 0.15%, India’s BSE Sensex fell 0.45%, Hong Kong's Hang Seng gained 0.23% and China's Shanghai Composite declined 0.31%.
Disclosure: The author holds no positions in any stocks mentioned.
