U.S. stocks were mixed on Monday amid ongoing U.S.-China trade tensions.The Dow Jones Industrial Average gained 0.02% to 24,820, the S&P 500 index declined 0.28% to 2,744 and the Nasdaq Composite Index fell 1.61% to 7,333.
Shares of Huami Corp. (HMI, Financial) gained nearly 8.5% on Monday after the company announced first-quarter results. Revenue grew 41.1% from the prior-year quarter to $119.1 million, beating expectations by $3.11million. Earnings of 22 cents per share topped estimates by 10 cents.
"Strong revenue growth momentum continued in the first quarter, reflecting the effective leveraging of our rising global brand recognition, strategic relationships and consumer trust," Chairman and CEO Wang Huang said.
During the quarter, the gross profit rose 48.3% to 217.5 million yuan ($32.4 million) from 146.7 million yuan in the prior-year quarter. The gross margin was 27.2%, up from 25% a year ago.
Looking ahead to the second quarter of fiscal 2019, the company expects net revenue in the range of 990 million yuan to 1.01 billion yuan, representing an increase of 30.2% from the year-ago quarter.
Gainers
- Nektar Therapeutics (NKTR, Financial)
- BorgWarner Inc. (BWA, Financial)
- DaVita Inc. (DVA, Financial)
- Verizon Communications Inc. (VZ, Financial)
- Nucor Corp. (NUE, Financial)
Losers
- Centene Corp. (CNC, Financial)
- Adobe Inc. (ADBE, Financial)
- Salesforce.com Inc. (CRM, Financial)
- Symantec Corp. (SYMC, Financial)
Global markets
The main European stock markets traded deep in the green. The U.K.'s FTSE 100 gained 0.32%, France's CAC 40 rose 0.65%, Germany's Dax increased 0.56% and Spain's IBEX 35 swelled 0.21%.
In Asia, Japan's Nikkei 225 fell 0.92%, India’s BSE Sensex advanced 1.39%, Hong Kong's Hang Seng rose 0.03% and China's Shanghai Composite dipped 0.30%.
Disclosure: The author holds no positions in any stocks mentioned.
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