U.S. markets are set to open in negative territory Friday, after a weaker-than-expected jobs report. Further, fears about the trade war persist.
Shares of The Greenbrier Companies Inc. (GBX, Financial) lost ground on premarket trading on the heels of the company reporting its financial results for the second quarter. The company posted earnings per share of $1.02 on revenue of $629.34 million, registering a growth of 11.1% from the prior-year quarter. The company managed to beat estimates in earnings by 5 cents and by $16.59 million in revenue. Further, adjusted EBITDA for the quarter was $79.1 million, or 12.6% of revenue.
Looking ahead, Greenbrier expects for fiscal 2018, revenue will be between $2.4 and $2.6 billion and diluted earnings per share will be $5.00.
Gainers
• NetApp Inc. (NTAP, Financial)
• Acuity Brands Inc. (AYI, Financial)
• Campbell Soup Co. (CPB, Financial)
Losers
• Xilinx Inc. (XLNX, Financial)
• Lennar Corp.”‹ (LEN, Financial)
• Kohls Corp. (KSS, Financial)
Global markets
The main European stock markets closed lower. The U.K.'s FTSE lost 0.02%, France's CAC retreated 0.05%, Germany's Dax slid 0.19% and Spain's Ibex fell 0.33%.
In Asia, India’s BSE Sensex gained 0.09%, China's SSE Composite slid 0.18%, Hong Kong's Hang Sengjumped 1.11% and Japan's Nikkei lost 0.36%.
Disclosure: The author holds no positions in any stocks mentioned.
