J.Jill, Mobileye, Signet: Trending tickers
Shares of J.Jill (JILL) are trading higher on Wednesday, as the company exceeded fourth quarter net sales estimates. Additionally, J.Jill beat expectations for both profit and earnings, further boosting investor confidence in the stock.
Mobileye (MBLY) has announced an agreement with Volkswagen (VOW.DE) for autonomous driving technology. Under this collaboration, Mobileye will be responsible for providing both hardware and software components to enable self-driving capabilities in Volkswagen's vehicles.
Signet (SIG) shares are trading lower after the company delivered lower-than-expected sales guidance for both the first quarter and fiscal year. This downbeat outlook has overshadowed Signet's fourth quarter earnings, which surpassed estimates.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Angel Smith
Video Transcript
BRAD SMITH: Of course, 2:00 PM is when the decision comes out. Stocks flat in cautious trading, is investors there looking ahead to that policy decision just hours away.
SEANA SMITH: All right, let's take a look at some of those trending tickers. First up, J.jill shares are popping after reporting better than expected net sales for the fourth quarter. You're looking at the gain of just about 8%, they beat on their earnings. They also saw profit that rose from just about a year ago. However, the lifestyle brand is continuing to take a cautious approach here with respect to the macro-environment, warning just about the stability of consumers.
BRAD SMITH: And shares of Mobileye jumping after announcing an agreement with Volkswagen, Volkswagen ADMT for autonomous driving. Mobilize going to develop and supply software hardware components and digital maps for the self driving ID. Now together, the companies will bring together new automated driving functions to series production here.
SEANA SMITH: All right, and let's also take a look at signet Jewelers because they are dropping into the red despite beating earnings estimates for the fourth quarter. The company delivering a lower than expected sales outlook for the full year, and for the first quarter. Signet Jewelers CEO noting the expectations for sequential same store sales improved over the year as engagements gradually recover.
