Best Buy jumps on earnings; Square gets an upgrade; Toll Brothers revenue soars

Yahoo Finance is tracking the stocks you’re following, based on your Yahoo Finance ticker searches.

Best Buy (BBY) – The electronics retailer reported a surprise climb in comparable sales in the second quarter and gave a better than expected outlook for the third quarter. Best Buy now expects revenue of $8.8 billion to $8.9 billion and profit of 43 cents to 47 cents per share. Analysts were expecting revenue of $8.77 billion and earnings of 45 cents per share.

Square (SQ) – Investment banking firm Stifel Nicolaus raised its rating on Square to buy from hold with a $27 price target.

Toll Brothers (TOL) – The homebuilder reported a rise in revenue for the fourth quarter in a row as it sold more luxury homes at higher prices. Toll Brothers reported earnings per share of 61 cents and a 23.5% jump in revenue to $1.27 billion. The company also said that orders, which are a key metric for future revenue, climbed 18.2% to 1,748 units.

Monsanto (MON) – Negotiations between Bayer (BAYRY) and Monsanto are reportedly advancing and moving closer to a deal. According to Bloomberg, citing “people familiar with the matter,” a merger agreement could be reached in the next two weeks. Monsanto rejected Bayer’s $55 billion bid in July after calling the proposal “financially inadequate.”

Comcast (CMCSA) – NBCUniversal, a division of Comcast, has closed its $3.8 billion acquisition of DreamWorks Animation. The studio will become part of the Universal Filmed Entertainment Group, which also includes Fandango, Universal Pictures and NBCUniversal Brand Development. Under the terms of the deal, DWA stockholders will receive $41 in cash for each share of DWA common stock.