Here are some of the stocks the Yahoo Finance team will be tracking for you today.
Costco (COST) delivered mixed results late yesterday. While earnings came in better than expected, revenue was slightly below analysts’ estimates. Profit rose more than 13% from a year ago as it benefited from higher margins from fresh food sales and lower fees from its switch to Visa (V) from American Express (AXP).
Sears Holdings (SHLD) posted a bigger-than-expected loss from a year ago as it continues to struggle to return to profitability. While revenue topped estimates, sales fell from a year ago as it saw less traffic in its Kmart and Sears outlets. The company said it will continue to explore its options for its Kenmore, DieHard and Craftsman brands, in addition to its real estate holdings.
Lululemon (LULU) stretched higher in early trading. The yoga-wear maker reported a beat on both its top and bottom lines for the third quarter with revenue jumping 13% from a year ago. And the company also boosted its earnings outlook for the year.
Walmart (WMT) is investing $1.3 billion in Mexico to build new distribution centers and expand existing ones as well. The investment in the country is not expected to result in any jobs being moved away from the US according to the company. This comes as the election of Donald Trump has created a lot of uncertainty for US companies doing business in Mexico.
