The U.S. stock market traded in green on Monday, with small caps reaching more than 1,600 points.
Shares of Monro Inc. (MNRO, Financial) fell on Monday after the company posted fourth-quarter earnings of 54 cents on revenue of $258.58 million, which grew 13.3% from the prior-year period. The company fell short of revenue expectations by $41,000, but beat earnings estimates by 4 cents.
Further, the gross margin increased 70 basis points to 37.7% from 37.0% in the prior-year quarter due to leverage from higher comparable store sales.
Moreover, the company opened 15 new locations and closed three others.
The board of directors also approved a 2-cent increase in the cash dividend to 20 cents per share, or 80 cents per share annually. It represents a 11.1% as compared to the total dividends paid in fiscal 2018.
Gainers
- Micron Technology Inc. (MU, Financial)
- Boeing Co. (BA, Financial)
- Intel Corp. (INTC, Financial)
- Foot Locker Inc. (FL, Financial)
- Caterpillar Inc. (CAT, Financial)
Losers
- Celgene Corp. (CELG, Financial)
- Symantec Corp. (SYMC, Financial)
- Mattel Inc. (MAT, Financial)
- Nucor Corp. (NUE)
- Hasbro Inc. (HAS)
Global markets
The main European stock markets were mixed. The U.K.'s FTSE 100 gained 1.03%, France's CAC 40 advanced 0.51%, Germany's Dax fell 0.28% and Spain's Ibex 35 slid 0.54%.
In Asia, markets closed in the green. Japan's Nikkei 225 rose 0.31%, China's Shanghai Composite jumped 0.64% and Hong Kong's Hang Seng advanced 0.60%. India’s BSE Sensex slid 0.67%.
Disclosure: The author holds no positions in any stocks mentioned.
