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The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
Go to Proactive UK
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

Pharma & Biotech

PRE-MARKET MOVERS: Restoration Hardware shares shine post-earnings, along with Dave & Buster's

Also in the frame in pre-market action are Land's End and Twitter

US futures are pointing to a lower start but, bucking the trend in pre-market deals is luxury furnishings group Restoration Hardware (NYSE:RH).

Shares zoomed up over 21% to US$143.80 before the New York bell.

It came after the company unveiled mixed first quarter earnings, which beat analyst expectations, but missed on revenue.

Earnings per share (EPS) was US$1.33 on revenue of US$557mln.

Wall Street had expected earnings of US$1.02 on US$563mln in revenue.

Elsewhere, Dave & Buster's Entertainment Inc (NASDAQ:PLAY), the restaurant and entertainment group, rose 14.57% to US$54.80 before the New York bell.

It came after the group's financial results beat analyst expectations on the top and bottom lines.

The company also announced the retirement of chief executive, Stephen M. King with effect from the end of the second quarter on August 5 this year.

However, King will remain on the board of directors, and continue to serve as chairman.

Brian Jenkins, currently the chief financial officer, is to be promoted to become the firm's new chief executive.

Elsewhere, Lands End Inc (NASDAQ:LE) saw shares rise 6.60% to US$25.05 in pre-market as the fashion group reported a 11.7% rise in net revenue in the first quarter to May 4 versus the first quarter last year.

Same store sales declined 18.9% and same store sales in Lands' End Shops at Sears locations declined 20.4%, while same store sales in the company operated stores declined 9.9%.

Last but not least, social media giant Twitter Inc (NASDAQ:TWTR) was in focus ahead of the New York bell, with shares chirping up 3.07% to US$42.70 each.

It came as the heavyweight investment bank JP Morgan raised its price target on the stock to US$50 from US$39, which was a 21% upside to yesterday's closing price.

It kept its rating on the shares at 'overweight'.

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The Markets
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