SAN FRANCISCO (MarketWatch) — Among the companies whose shares are expected to see active trade in Friday’s session are Oracle Corp., Smith & Wesson Holding Corp., and Family Dollar Stores Inc.
After Thursday’s closing bell, Oracle ORCL, -0.48% said its fiscal fourth-quarter profit fell to $ 3.65 billion from $ 3.81 billion a year earlier. Per-share earnings were unchanged at 80 cents a share while adjusted earnings came in at 92 cents a share, short of 95 cents a share forecast by analysts in a FactSet survey. Revenue rose $ 11.3 billion from $ 10.95 billion. Oracle shares declined more than 6% in after-hours trading.
Oracle Corp. signage is displayed outside of the company’s headquarters in Redwood City, Calif.
Smith & Wesson SWHC, -0.59% reported fiscal fourth-quarter profit of $ 25.1 million, or 45 cents a share, compared with $ 25.2 million, or 39 cents a share, a year ago. Revenue fell to $ 170.4 million from $ 178.7 million. In the current quarter, the company expects to earn between 23 cents and 25 cents a share and between $ 1.30 and $ 1.40 a share for the full year. Analysts are projecting earnings of $ 1.50 a share for the full year. Shares of Smith & Wesson dropped 12% in after hours.
Activist investor Carl Icahn released a letter to Family Dollar Stores’ Chief Executive Howard Levine in which he noted their differences over the future of the company. Icahn, who holds a 9.4% stake in the discount retailer chain, believes the company can do more to be competitive and warned that “consolidation in this space is inevitable.” Shares of Family Dollar US:FDO rose 2.7% in after hours.