Market Focus

Big Lots
Big Lots shares rallied after an earnings beat. The retailer’s revenue topped expectations as it continues to focus operations on its domestic business. The company also said the loss from winding down its Canadian operations was lower than expected. The stock surged 22.97 percent to $35.97.

Foot Locker
Foot Locker also reported better than expected earnings. The retailer saw fourth-quarter profits rise 16 percent. Same-store sales also increased, continuing a growth trend that has lasted for a few years. Shares sprinted higher up nearly nine percent to $46.49.
Another tech company surged in its trading debut. Digital coupon website went public today and shares doubled. The 16-year-old company raised $168 million from its IPO. At the end of a blockbuster day, the stock rose a whopping 87.5 percent to end at $30 valuing the company at over $2.2 billion and underscoring the popularity of technology IPOs.

Korn Ferry
Shares jumped nearly 12 percent after the world’s largest executive-search firm reported third-quarter earnings and revenue that beat Wall Street’s expectations. The company also issued guidance of 35 cents to 41 cents a share for the fourth quarter, which was in line with consensus estimate. At the end of the day, shares were up 13.63 percent to close at $29.35.

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