Lowe's disappoints, Softbank takes stake in Nvidia, Container Store surges on big profit beat
Here’s a look at some of the stocks the Yahoo Finance team will be watching for you today.
Lowe’s (LOW) stock fell this morning. The home improvement retailer delivered first quarter earnings and revenue that came in below analysts’ estimates. Same-store sales were also weaker-than-expected.
Investors stocked up on shares of The Container Store (TCS). That stock surged in early trading after the storage retailer reported much better-than-expected earnings and revenue last quarter as profit more than doubled from a year ago and sales improved. The company also unveiled a restructuring plan that includes job cuts, but no word on how many positions will be eliminated.
Target (TGT) has agreed to pay $18.5 million in a settlement with 47 states and the District of Columbia related to its massive data breach in 2013.
Nvidia (NVDA) shares were higher this morning after Bloomberg reported that Softbank’s tech fund amassed a $4 billion stake in the graphics chipmaker, making it the fourth-largest shareholder.
Tax season proved to be a big success for Intuit (INTU). The stock jumped in early trading after the maker of QuickBooks and other software reported first quarter earnings that topped analysts’ estimates. The company said results were driven by its partnerships with Uber and other “gig economy” related businesses.
