U.S. stock markets were trading in positive territory in Tuesday morning trading as Turkey´s lira stabilized.
Shares of Advance Auto Parts (AAP) jumped on Monday morning after the company posted first-quarter earnings per share of $2.10 on revenue of $2.87 million, a decline of 0.7%. The company beat earnings estimates by 13 cents, but fell short of revenue expectations by $40 million.
The gross profit margin increased 32 basis points to 44.3% due to a reduction in material costs and related items.The adjusted operating income was $224.1 million, or 7.8% of net sales. Further, the operating cash flow was $154 million. Free cash flow was $119.5 million.
Gainers
- Seagate Technology PLC (STX, Financial)
- Autozone Inc. (AZO, Financial)
- Gap Inc. (GPS, Financial)
- Macy's Inc. (M, Financial)
- Michael Kors Holdings Ltd. (KORS, Financial)
Losers
- Wynn Resorts Ltd. (WYNN, Financial)
- Chubb Ltd. (CB, Financial)
- Micron Technology Inc. (MU, Financial)
- Symantec Corp. (SYMC, Financial)
- Dentsply Sirona Inc. (XRAY, Financial)
Global markets
The main European stock markets traded mostly in the red. The U.K.'s FTSE 100 retreated 0.40%, France's CAC 40 fell 0.16% and Spain's Ibex 35 lost 0.25%. Germany's Dax gained 0.0011%.Â
In Asia, Japan's Nikkei 225 advanced 2.28%, India’s BSE Sensex gained 0.55%, Hong Kong's Hang Seng lost 0.66% and China's Shanghai Composite retreated 0.18%.
Disclosure: The author holds no positions in any stocks mentioned.
