It was a mixed day for U.S. equities Monday, but most major indices managed to post slight gains as the dollar rose and gold gained 0.4%. The S&P 500 Index , Dow Jones Industrial Average and Nasdaq Composite wafted up 0.1% apiece.
Monday was relatively quiet from the earnings front, with Famous Dave's of America, Inc. (NASDAQ: DAVE ), Hollysys Automation Technologies Ltd (NASDAQ: HOLI ) and Remark Holdings, Inc. (NASDAQ: MARK ) all reporting on their most recent periods.
Famous Dave's of America, Inc. (DAVE)
Famous Dave's beat earnings expectations , but its revenue fell.
The restaurant chain posted earnings at a loss of one cent per share during its third quarter of fiscal 2017, topping analysts' expectations of a loss of five cents per share.
Revenue came in ahead of the mark as well at $21.9 million, compared to the Wall Street consensus estimate of $21.48 million. However, the figure fell 13.7% compared to the year-ago figure.
The decline in net restaurant sales revenue occurred due to 12 Famous Dave's restaurants shuttering their doors over the last 12 months. Seven of these closed in the third quarter of 2017.
Franchise royalty and fee revenues fell, while comparable sales took a 2.1% dip year-over-year. Famous Dave's saw its general and administrative expenses decline from $4.4 million to $3.8 million year-over-year.
DAVE shares are up more than 7% premarket.
Hollysys Automation Technologies Ltd (HOLI)
Hollysys Automation Technologies released its latest quarterly earnings results late in the day Monday.
The company posted net income of $21.4 million during its first quarter of fiscal 2018, or 35 cents per share. On an adjusted basis, the company earned 36 cents per share.
Analysts were expecting Hollysys Automation Technologies to earn 32 cents per share, on an adjusted basis.
Revenue came in at $115.5 million over the three months that kicked off the new year for the company. A year ago, Hollysys Automation Technologies raked in $103.54 million.
For the full year, the company predicts revenue of $500 billion to $530 billion, which is in line with the Wall Street consensus estimate of $511.9 million. It also expects non-GAAP earnings between $100 million to $110 million.
HOLI stock traded flat after the bell.
Remark Holdings, Inc. (MARK)
Remark Holdings posted its quarterly results ahead of Tuesday's action.
The company posted earnings at a loss of 58 cents per share during its third quarter, 33 cents worse than analysts' expectations of a loss of 25 cents per share for the period.
Revenue did manage to beat the mark, coming in at $19.4 million for the three months ended Sept. 30. Wall Street had projected revenue of $18.6 million for Remark Holdings.
The company also updated its guidance for 2018, noting that it expects to bring in consolidated net revenue north of $100 million. Its net revenue is slated to be about $30 million.
MARK stock soared more than 10% after hours Monday.
As of this writing, Karl Utermohlen did not hold a position in any of the aforementioned securities.
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