Here are some of the biggest movers in Friday morning trading:
Stock gainers:
Shares of Smartsheet Inc.
SMAR,
gained 14% after the company reported revenue and earnings that topped analyst estimates, and forecast strong sales for its fiscal year.
Firearms maker Smith & Wesson Brands Inc.
SWBI,
reported a 35% jump in quarterly sales, and shares rose nearly 15%.
Kroger Co.’s stock
KR,
rose 5% after the supermarket giant said it’s selling more than 400 stores to C&S Wholesale Grocers for about $1.9 billion as part of its pending merger with Albertsons Cos.
ACI,
The company also announced a $1.2 billion settlement for opioid claims and reported a 2.2% drop in second-quarter sales to $33.85 billion, below the FactSet consensus estimate of $34.1 billion.
Stock decliners:
Hooker Furnishings Corp.’s
HOFT,
shares fell 14% after the maker of furniture and home-decoration products reported downbeat fiscal second-quarter results.
Shares of RH
RH,
the furniture retailer formerly known as Restoration Hardware, dropped nearly 12% after the company warned that the higher-end housing market that the company depends on would likely remain rocky.
DocuSign Inc.’s shares
DOCU,
dropped 5% despite topping earnings expectations and hiking its guidance amid continued tight business spending.
