As traders gear up for the Thanksgiving break, shoe giant Foot Locker Inc (NYSE:FL) ran into focus in pre-market deals.
Shares in the group surged almost 15% to $53 in before the bell New York deals, as it posted earnings of $0.95 per share, which was around 3 cents more than analysts had expected.
Revenue expectations were also a beat, as the firm reported $1.86 billion, while analysts had expected $1.85 billion.
Same-store sales for the company are up 2.9% against consensus of 1.6%.
Elsewhere, Autodesk Inc (NASDAQ;ADSK) added over 8% to $133 each in pre-market deals as the software design group beat its expectations on earnings.
EPS (earnings per share) came in at $0.29, which was slightly above analysts’ expectations of $0.27 per share. Autodesk reported $661 million in revenue, compared to an estimate of $640 million.
Elsewhere, GAP Inc (NYSE:GPS) shares nudged up 0.16% to stand at $24.70 in pre-market, having fallen around 3% to $24.66 yesterday.
The fashion brand narrowly beat earnings expectations after the bell.
The retailer reported earnings of $0.69 cents a share versus an estimate of $0.68 cents a share.
Also in the news today, ubiquitous Swedish furniture giant Ikea revealed it was adding 4,000 staff to its global workforce, as part of plans to open mini-stores in city centres.
Reportedly, the group is creating 11,500 new posts, but getting rid of 7,500 others.
IKEA is set to cut thousands of jobs in a huge restructuring as the world’s biggest furniture retailer looks to cope with fast-changing shopper behavior https://t.co/fUwdx8RrYh
— The Wall Street Journal (@WSJ) 21 November 2018