It was a mixed day for U.S. markets as gold fell 1.2%, while material stocks edged 0.8% higher. The S&P 500 Index experienced a 0.1% gain, the Dow Jones Industrial Average lost 0.1% higher and the Nasdaq Composite lost 0.2%.
Several companies were on the move Thursday afternoon, including Gap Inc (NYSE:GPS), Honeywell International Inc. (NYSE:HON) and Ruby Tuesday, Inc. (NYSE:RT).
Here’s how they did:
Gap Inc (GS)
Gap had a strong afternoon as the company released its September sales figures.
It was expected to be a slow month for the retailer, but things were looking up thanks to the success of its Old Navy brand last month.
Old Navy same-store sales popped 4% over the 30 days, topping the 1% same-store sales growth projection that analysts had posted.
For the entirety of Gap, this figure was 3% lower, which still topped the 3.6% loss that Wall Street had called for.
Gap and Banana Republic remain disappointing despite Old Navy’s growth.
GPS shares rose 5.9% after the bell Thursday.
Honeywell International Inc. (HON)
Honeywell cut its outlook for its third quarter.
The engineering systems and aerospace services provider expects to earn $1.67 a share, excluding stock compensation restructuring.
Analysts polled by FactSet had called for an average outlook of $1.70 a share. Third-quarter sales for Honeywell will decline 3%, with segment margins slipping 17.3% to 17.5%.
Fourth-quarter earnings are slated to be in the range of $1.74 to $1.78 a share. Wall Street expects earnings of $1.80 a share.
HON stock sunk 4.5% after hours yesterday. Shares are up 12% this year.
Ruby Tuesday, Inc. (RT)
Ruby Tuesday reported its latest quarterly earnings.
The restaurant chain raked in a loss of 66 cents per share over the three months, lower than the 7 cents per share it lost in the year-ago period. Excluding certain items, earnings were 11 cents a share, 8 cents lower than the year-ago quarter’s totals.
Revenue for the period amounted to $256.70 million, missing the consensus estimate of $377.94 million. A year ago, Ruby Tuesday experienced net sales that were 8.2% higher.
The company shut down 109 restaurants to make ends meet. A tough market and a decline in traffic is pushing the chain to close 13% of its locations.
RT shares fell 2.8% after Thursday’s market close.
As of this writing, Karl Utermohlen did not hold a position in any of the aforementioned securities.
