Stocks to Watch: Salesforce, Microsoft, Guess, Tilly's, Semtech
31 August 2018 - 12:00AM
Dow Jones News
By Amrith Ramkumar
Here are some of the companies with shares expected to trade
actively in Thursday's session. Stock movements reflect premarket
trading. Check back when the market opens for an updated list.
Campbell Soup Co. -- Down 1.2%: Campbell plans to sell its
international operations and refrigerated-foods business,
abandoning efforts to expand into fresh food and leaving the door
open to a full sale.
Salesforce.com Inc. -- Down 1.9%: Salesforce gave
weaker-than-expected earnings projections for the current quarter,
though the business-software company reported broad-based sales
growth and grew its backlog of business during the latest
period.
Microsoft Corp. -- Down 0.2%: The software firm has risen in six
straight sessions, its second streak of at least that length this
month.
Electronic Arts Inc. : Electronic Arts cuts its net bookings
forecast for the 2019 fiscal year. Shares of the videogame company
were halted in premarket trading before the news.
Dollar General Corp. -- Down 2.4%: Dollar General gave full-year
profit projections in line with Wall Street expectations, though it
exceeded targets in the second quarter.
Dollar Tree Inc. -- Down 5.5%: The discount retailer's sales
projections for the current quarter were roughly in line with
analyst expectations.
Signet Jewelers Ltd. -- Up 13%: Signet raised its full-year
financial targets after posting surprising sales growth in the
most-recent quarter.
Guess? Inc. -- Up 8.3%: The clothing brand boosted its full-year
revenue targets, though it posted a smaller-than-expected sales
increase in the most recent quarter.
Tilly's Inc. -- Up 15%: Tilly's said same-store sales increased
more than expected in its second quarter and gave
stronger-than-projected figures for the current period.
Semtech Corp. -- Up 6.8%: The semiconductor firm said it expects
steady sales growth to continue and exceeded quarterly revenue
projections.
This is a version of the "Stocks to Watch" section of our
Markets newsletter. To receive it every morning via email, click
here.
Write to Amrith Ramkumar at amrith.ramkumar@wsj.com
(END) Dow Jones Newswires
August 30, 2018 09:45 ET (13:45 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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