Slight gains continued in the stock market Wednesday, with treasury bonds unchanged and the dollar falling. The S&P 500 Index and Dow Jones Industrial Average gained 0.1%, while the Nasdaq Composite gained a fraction.
Here’s what you should know:
RPM International Inc. (RPM)
RPM International reported on its latest quarter Wednesday.
The company unveiled earnings for the first quarter of fiscal 2018 of $116.4 million, or 86 cents per share, which topped the year-ago figure of $112.8 million, or 83 cents per share.
On the revenue front, RPM International raked in about $1.35 billion for the quarter ending Aug. 31, which also topped the year-ago figure of $1.25 billion in revenue.
The company said that it posted record sales, net income and earnings per share for the quarter. RPM added that for fiscal 2018, it expects earnings to be in line with previous estimates, but warns that it expects “strong headwinds” from rising raw material costs.
RPM was trading flat after hours.
SeaWorld Entertainment Inc (SEAS)
SeaWorld Entertainment is in talks to be acquired.
A Bloomberg report unveiled that the parent company of SeaWorld amusement parks was approached by a UK-based theme park owner about a potential acquisition.
The company in question is Merlin, which operates the Legoland theme park. SeaWorld has initiated talks with bankers over a potential sale, and there are others believed to be interested.
It has been a difficult time for the company following the backlash of the film Blackfish, a documentary that portrayed the cruel treatment of orca whales at its theme parks.
SEAS stock popped 5.5% after the bell Wednesday.
Zumiez Inc. (ZUMZ)
Zumiez had a strong September, the company reported.
Net sales over the last month surged 12.6% to $84.4 million, while comparable sales increased 9.3%. The company sells apparel, footwear and accessories for today’s youth.
In the year-ago period, net sales came in at $75 million, while comparable sales only rose 6.3% in the five-week period ended October 1, 2016. The company also raised its guidance.
Zumiez said it now sees its fiscal 2017 third-quarter net sales to be between $241 million and $243 million, which is above its previous guidance of $236 to $241 million.
Comparable sales are now slated to be 6% to 7% higher than in the year-ago period, while earnings are projected to be between 45 cents and 48 cents per share, higher than its previous outlook of 43 cents to 48 cents per share.
ZUMZ shares surged as much as 7.9% after hours yesterday.
As of this writing, Karl Utermohlen did not hold a position in any of the aforementioned securities.