Here’s a look for a look at some of the stocks the Yahoo Finance team will be watching for you today.
Retail earnings are rolling in this morning. Sears CEO Eddie Lampert finally has something to smile about. The stock (SHLD) soared after the struggling retailer reported a narrower than expected loss for the first quarter. Revenue and same-store sales continued to decline, but were also better than analysts expected.
Best Buy (BBY) shares soared after the electronics retailer delivered a big beat on earnings. Revenue also topped analysts’ estimates as same-store sales unexpectedly bounced back, rising 1.6%.
Abercrombie & Fitch (ANF) stock jumped in early trading. Wall Street seems to be focused on the positive in the teen retailer’s quarterly results. Abercrombie, which has put itself up for sale, posted a smaller-than-expected drop in same-store sales in the first quarter thanks to demand for its Hollister brand. Revenue also came in better than expected. However, the $0.72 loss was bit more than Wall Street was hoping for.
HP (HPQ) shares were higher after the hardware arm of Hewlett-Packard reported a beat on both its top and bottom lines for last quarter. Sales jumped 7% from a year ago as its printer and PC business grew for the first time in seven years.
And Snap (SNAP) shares are under pressure this morning after Digiday first reported that the parent company of the popular messaging app Snapchat offered discounts and other incentives to new advertisers using its internal platform in order boost ad revenue for this quarter following a disappointing first quarter.