Wall Street looks flat after S&P 500, Nasdaq record closes

Table of Contents BY THE NUMBERSIN THE NEWS TODAYSTOCKS TO WATCH BY THE NUMBERS U.S.

BY THE NUMBERS

IN THE NEWS TODAY

STOCKS TO WATCH

Coty (COTY): the cosmetics maker’s shares added 2.7% in the premarket after it said it expects a return to annual sales growth this year. Coty’s adjusted loss for its latest quarter was 9 cents per share, 3 cents wider than expected, but sales did come in above Wall Street forecasts.

Dollar General (DG): The discount retailer beat estimates by 10 cents with adjusted quarterly earnings of $2.69 per share and revenue slightly above forecasts. Comparable store sales fell 4.7%, less than the 5.1% drop expected by analysts surveyed by StreetAccount. However, Dollar General did forecast lower-than-expected earnings for the full year, and its shares fell 2.9% in premarket trading.

Dollar Tree (DLTR): Dollar Tree shares fell 3.1% in premarket trading after the discount retailer posted a mixed quarter. Revenue fell below Street forecasts, while earnings of $1.23 per share did beat the consensus estimate of $1.

J.M. Smucker (SJM): The food producer earned an adjusted $1.90 per share for its latest quarter, 4 cents above estimates, with revenue slightly above Wall Street projections. However, Smucker cut its full-year forecast, noting higher input costs and supply chain disruption. Shares lost 1.9% in the premarket.

Abercrombie & Fitch (ANF) – The apparel retailer’s shares slid 7% in the premarket, as revenue fell below analyst forecasts. Abercrombie did report an adjusted profit of $1.70 per share, compared with a 77-cent consensus estimate.

Ulta Beauty (ULTA: Ulta shares rallied 6.4% in the premarket after it more than doubled the $2.59 consensus estimate with a quarterly profit of $4.56 per share. The cosmetics retailer’s revenue beat estimates as well, and it raised its full-year outlook as an overall improvement in the beauty industry continues.

Williams-Sonoma (WSM): Williams-Sonoma surged 15.2% in premarket trading following top and bottom-line beats as well as a raised outlook and a 20% dividend increase. The housewares retailer reported an adjusted quarterly profit of $3.24 per share compared with the $2.61 consensus estimate, as the pandemic-induced focus on homes and home decor continued.

Box (BOX) – Box beat estimates by 2 cents with an adjusted quarterly profit of 21 cents per share, while the cloud storage company’s revenue also came in above analyst forecasts. Box also raised its full-year revenue guidance, saying it continues to benefit from the “megatrend” of digital transformation. However, shares fell 1.7% in premarket action

Snowflake (SNOW) – Snowflake lost an adjusted 4 cents per share for its latest quarter, narrower than the 15-cent loss anticipated by Wall Street, while the database software company’s revenue came in above consensus. Sales more than doubled from a year ago, but its overall loss widened compared with a year earlier. Snowflake jumped 5.2% in premarket trading.

Pure Storage (PSTG): Pure Storage soared 14.1% in the premarket after it nearly tripled the 5-cent consensus estimate with adjusted quarterly earnings of 14 cents per share. The cloud storage company’s revenue also topped Street projections as subscription revenue rose 31% from a year ago.

Autodesk (ADSK): Autodesk shares tumbled 7.7% in premarket trading, as quarterly revenue was merely in line with estimates and its current-quarter earnings guidance disappointed investors. Autodesk did beat estimates by 8 cents for its latest quarter with adjusted quarterly earnings of $1.21 per share.

Western Digital (WDC): Western Digital is in talks for a possible $20 billion merger with Japanese chipmaker Kioxia, according to multiple reports. Talks are said to have heated up in recent weeks, and a deal could be reached as early as mid-September, according to people familiar with the matter. Western Digital rose 1% in the premarket.

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