Markets
YY

3 Stocks to Watch on Tuesday: Descartes Systems Group Inc (USA) (DSGX), Nordstrom, Inc. (JWN) and YY Inc (ADR) (YY)

InvestorPlace - Stock Market News, Stock Advice & Trading Tips

U.S. equities were soaring as crude oil moved higher and the dollar was mixed.. The S&P 500 Index gained 1.1%, the Dow Jones Industrial Average surged 1.4% and the Nasdaq Composite increased 1% Monday.

In the end, the Dow Jones Industrial Average gained 1.4%, the S&P 500 gained 1.1%, the Nasdaq Composite gained 1% and the Russell 2000 gained 0.8%. Treasury bonds were mixed, the dollar was mixed, gold lost a touch, and crude oil moved higher. Breadth was heavily positive, with advancers outpacing decliners by a 2.8-to-1 ratio.

Several companies made headlines after the bell Monday, including Descartes Systems Group Inc (USA) (NASDAQ: DSGX ), Nordstrom, Inc. (NYSE: JWN ) and YY Inc (ADR) (NASDAQ: YY ).

Here's what you should know:

Descartes Systems Group Inc (USA) (DSGX)

Descartes Systems Group reported its latest quarterly results late Monday.

The company unveiled net income of $6.7 million, marking a 10% increase compared to the $6.1 million it earned during the year-ago period. Earnings per share came in at 9 cents per share, a 13% gain year-over-year.

On an adjusted basis, Descartes Systems Group brought in $21.4 million, a 16% increase compared to the year-ago quarter of $18.5 million. Adjusted earnings amounted to 34% of the company's revenue.

The global logistics technology solutions provider raked in revenue of $63.6 million for the period, a 20% surge compared to the year-ago quarter of $52.8 million, and 3% higher than the previous quarter.

DSGX gained 0.2% after the bell Monday.

Nordstrom, Inc. (JWN)

Nordstrom was unable to complete its bid to go private.

A special committee that has been advising the company's board said Monday that it has rejected the proposal from the Nordstrom family to take it private; the offer was of $50 a share.

The group trying to take the company private is made up of Nordstrom family members, which own about 31.2% of Nordstrom. They have been working to take the retailer private since last year.

The group hired a special committee to help bring the proposition to fruition. The special committee to the board said that the family group need to improve its offer price by a substantial margin, or else it will end discussions.

JWN stock declined 2.9% after the bell on the news.

YY Inc (ADR) (YY)

YY also unveiled its latest quarterly results late Monday.

The China-based developer of Internet live-streaming services announced revenue of $557.4 million, which came in ahead of the Wall Street consensus estimate of $551 million, while also growing 46% in local currency year-over-year.

YY also impressed on the earnings front as the company amounted an adjusted profit of $2.27 per American depository share, a 45% gain compared to the year-ago quarter, while also topping analysts' expectations of $1.84 per share.

The company's revenue from live-streaming was a big part of its total revenue, reaching $517.7 million, which was a 52% improvement compared to the company's year-ago quarter.

YY stock grew 3.4% after hours yesterday.

As of this writing, Karl Utermohlen did not hold a position in any of the aforementioned securities.

More From InvestorPlace

Compare Brokers

The post 3 Stocks to Watch on Tuesday: Descartes Systems Group Inc (USA) (DSGX), Nordstrom, Inc. (JWN) and YY Inc (ADR) (YY) appeared first on InvestorPlace .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

YY JWN DSGX USA

Other Topics

Stocks

Latest Markets Videos

    InvestorPlace

    InvestorPlace is one of America’s largest, longest-standing independent financial research firms. Started over 40 years ago by a business visionary named Tom Phillips, we publish detailed research and recommendations for self-directed investors, financial advisors and money managers.

    Learn More