Treasury bonds were slumping Thursday as the market had a meek day. The S&P 500 fell 0.2%, the Dow Jones Industrial Average slipped 0.2% and the Nasdaq Composite lost 0.5%.
Companies to watch out for this Friday include Korn/Ferry International (NYSE:KFY), Swift Transportation Co (NYSE:SWFT) and Restoration Hardware Holdings Inc (NYSE:RH).
Here’s how Thursday went:
Korn/Ferry International (KFY)
Korn/Ferry International released its second-quarter outlook yesterday.
Earnings are slated to come in around 58 cents a share, on an average basis. This figure is in line with what analysts polled by Thomson Reuters predict.
The company earned 52 cents per share for its first quarter, failing to meet the view by one cent. The figure was better than the year-ago’s 47 cents per share earned.
Revenue tallied up to $392.9 million for the period, marking a 40.7% increase year-over-year, and beating estimates by $5.32 million.
Earnings for the fiscal year will be about $2.32 per share, according to analysts.
KFY shares were stagnant after hours.
Restoration Hardware Holdings Inc (RH)
Restoration Hardware shares soared as the company released its second-quarter results.
The furnishings retailer earned 44 cents a share over the three-month period, handily beating the 29 cents a share that Wall Street expected.
Revenue for Restoration hardware amounted to $543.3 million, beating the estimate by $32.2 million.
Third-quarter results are slated to be in the range of 13 cents to 18 cents a share for adjusted earnings, while revenue will be about $525 million. Wall Street calls for earnings of 40 cents a share and net sales of $540 million. RH shares skyrocketed 16.2% after hours.
Swift Transportation Co (SWFT)
Swift Transportation announced that its CEO is stepping down at the end of the year.
Jerry Moyes has led the line for the trucking company for more than 50 years, and now it’s finally time for someone else to be head of Swift Transportation.
The company first launched its business in 1966, inspired by Moyes’ own father who was a truck driver. Swift runs nearly 20,000 trucks around the nation.
Chief operating officer Richard Stocking will be co-CEO of the company with Moyes until the end of 2016. Beyond that, Stocking will be the sole boss of Swift Transportation.
SWFT stock is up 5.1% after the bell Thursday.
As of this writing, Karl Utermohlen did not hold a position in any of the aforementioned securities.
