3 Stocks to Watch on Tuesday: Equifax Inc. (EFX), Microsoft Corporation (MSFT) and Steelcase Inc. (SCS)

U.S. equities surged yesterday, with gold losing 1.1%, while financials gained 1%. The S&P 500 Index wafted up 0.2%, the Dow Jones Industrial Average was up 0.3% and the Nasdaq Composite edged 0.1% higher.

3 Stocks to Watch on Tuesday: Equifax Inc. (EFX), Microsoft Corporation (MSFT) and Steelcase Inc. (SCS)Equifax Inc. (NYSE:EFX), Microsoft Corporation (NASDAQ:MSFT) and Steelcase Inc. (NYSE:SCS) were all moving after hours with a data breach, a mixed reality event and earnings respectively making up Monday’s after-hours headlines.

Equifax Inc. (EFX)

Reports of another Equifax hack were unveiled yesterday.

The company was reportedly hit by another data breach about five months prior to the one we’re all aware of, and the two hacks are believed to be unrelated.

The first hack took place in March, while the second one is the previously disclosed one that hit Equifax from May through July, exposing the Social Security numbers and names of 143 million Americans.

The company’s security head stepped down over the weekend following the fiasco, and this second breach begs even more questions regarding the security that Equifax has had in place.

EFX stock fell nearly 2% after the bell Monday.

Microsoft Corporation (MSFT)

Microsoft announced that it would hold a mixed reality event.

The tech giant revealed late yesterday that it would be hosting an event that displays the company’s latest mixed reality efforts. It will take place on Oct. 3 in San Francisco.

Microsoft’s Mixed Reality head Alex Kipman will be there talking about these efforts. He said the “final Windows Mixed Reality experience coming this holiday to Windows 10 PCs.”

Virtual reality headsets will be shown there, but it is unclear what else Microsoft has in store for consumers. New VR apps and video games will likely be unveiled by the company.

MSFT stock fell 0.1% after the bell Monday, but then rallied a little to be up 0.3%.

Steelcase Inc. (SCS)

Steelcase reported strong quarterly earnings results Monday.

The company posted net income of $36.9 million, or 31 cents per share for its second quarter, topping analysts’ expectations of 23 cents per share. In the year-ago period, this figure was $38.2 million, or 31 cents per share.

Steelcase posted revenue of $775.6 million, which was higher than the year-ago revenue of $758 million. Analysts polled by FactSet had called for revenue of $757.4 million.

For the current quarter, Steelcase predicts earnings will be in the range of 21 cents to 25 cents per share as operating expenses will be higher, below analysts’ consensus estimate of 28 cents per share.

The company also forecasts its revenue to be in the range of $785 million to $810 million, which is in line with Wall Street’s outlook of $798.7 million.

SCS shares soared 5.6% after hours yesterday.

As of this writing, Karl Utermohlen did not hold a position in any of the aforementioned securities.


Article printed from InvestorPlace Media, https://investorplace.com/2017/09/3-stocks-watch-tuesday-equifax-inc-efx-microsoft-corporation-msft-steelcase-inc-scs/.

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