U.S. stock market indexes opened higher on Thursday but turned slightly in the red over the course of the morning. Among the stocks that were trading higher, four of them include:
Signet Jewelers Ltd. (SIG, Financial) announced its results for the second-quarter fiscal 2018. Diluted EPS of $1.33 beat by 29 cents while revenue of $1.4 billion beat by $70 million. The company's total sales were $1.399 billion, up $26.2 million or 1.9%, compared to a decline of 2.6% in the second trimester of fiscal 2017. Gross margin was $457.9 million or 32.7%, down 120 basis points from the same quarter of fiscal 2017. The company reiterated its fiscal 2018 guidance and provided an update to its EPS projections reflecting the announcement of the acquisition of R2Net.
Abercrombie & Fitch Co.'s (ANF, Financial) shares were up about 16% in morning trading on the back of the company's quarterly results. It reported better-than-expected earnings and revenue. EPS for its second quarter of minus 16 cents beat expectations by 17 cents and revenue of $779.3 million also beat by $20.74 million.
Shares of Dollar Tree Inc. (DLTR, Financial)Ă‚ were up about 8.3% in morning trading on the back of the company reporting better-than-expected earnings for its second quarter. EPS of 99 cents beat expectations by 12 cents, and revenue of $5.28 billion beat by $40 million and is up 5.6% year over year.
Shares of Burlington Stores Inc. (BURL, Financial) jumped more than 4% in morning trading after the company beat Street second-quarter forecasts. EPS of 72 cents beat estimates by 21 cents, and revenue of $1.37 billion beat by $20 million while increasing 8.7% year over year.
Disclosure: The author holds no positions in any stocks mentioned.
