Among the premarket stories for Friday, May 22, from AP Financial News:
NEW YORK (AP) A weaker-than-expected second-quarter profit outlook from Zumiez Inc. prompted two analysts to lower some of their estimates for the sports apparel and equipment retailer on Friday. NEW YORK (AP) After a long dry spell of global oil production under-investment, drilling and service activity has risen, signaling a path of recovery for offshore drilling companies, said an analyst as he upgraded a number of oil services stocks. NEW YORK (AP) Aeropostale Inc.'s first-quarter results impressed investors but analysts pointed out that the specialty retailer's good times are likely unsustainable. NEW YORK (AP) Analysts applauded cost cutting efforts at Autodesk Inc. on Friday, after the software maker's adjusted first-quarter earnings far outpaced expectations despite a sharp drop in revenue. NEW YORK (AP) The accelerating decline in same-store sales at Red Robin Gourmet Burgers Inc. is worrisome, but cost reductions and a fresh advertising focus could limit the impact on earnings for the rest of the year, analysts said Friday.- Loading Comments...
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