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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