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DocuSign's shares rise after earnings, while Hooker Furnishings' stock drops and other movers

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Smith & Wesson Brands' shares gained after the gunmaker reported a big jump in sales, while Kroger's stock fell back on weaker-than-expected sales.

Shares of Smartsheet Inc. SMAR, -0.84% gained more than 6% after the company reported revenue and earnings that topped analyst estimates, and forecast strong sales for its fiscal year.

DocuSign Inc.’s shares DOCU, -1.23% rose nearly 3% after the e-signature company topped earnings expectations and hiked its guidance amid continued tight business spending. Firearms maker Smith & Wesson Brands Inc. SWBI, -3.04% reported a 35% jump in quarterly sales, and shares rose more than 12%.Kroger Co.’s stock KR, +0.82% dropped 1.9% in premarket trades after the supermarket giant said its second-quarter sales fell 2.2% to $33.85 billion, below the FactSet consensus estimate of $34.1 billion. Kroger also said it’s selling more than 400 stores to C&S Wholesale Grocers for about $1.9 billion as part of its pending merger with Albertsons Cos. ACI, +0.09%.

Hooker Furnishings Corp.’s HOFT, +0.61% shares fell 13% in premarket trading after the maker of furniture and home-decoration products reported downbeat fiscal second-quarter results. Shares of RH RH, -1.28%, the furniture retailer formerly known as Restoration Hardware, dropped more than 8% after the company warned that the higher-end housing market that the company depends on would likely remain rocky.

 

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