Here is a look at some of the stocks the Yahoo Finance team will be watching for you today.
RadioShack (RSH) tanked in early trading after the electronics retailer reported a much wider-than-expected loss of $0.97 a share. Revenue also missed estimates, down 13% from a year ago. Same-store sales fell 14% in the first quarter as the company continues to struggle to lure consumers to its stores.
Ebay (eBay) share were down in the premarket. The president of eBay's PayPal division is stepping down to join Facebook (FB), where he will lead its messaging products business. David Marcus who has been the head of PayPal for the past two years is leaving the company at the end of June. Paypal's team will now report directly to eBay CEO John Donahoe until a successor is named.
Chico’s (CHS) rose before the bell after the Financial Times reported that the women's apparel retailer is looking to put itself up for sale and has been in preliminary talks with several private equity firms. A sale of Chico's could be one of the biggest private equity deals this year according to the FT.
Pep Boys (PBY) said it expects sales to improve in the second half of the year after reporting disappointing earnings for the first quarter. The auto parts chain posted earnings of $0.03 a share, missing analysts' estimates. Revenue also came up short of expectations as lower prices for tires continued to put a dent on its earnings.
B/E Aerospace (BEAV) said it would split into two independent publicly traded companies. One company will focus on aircraft interiors, while the other will deal with logistics and technical services. The separation is expected to be completed in the first quarter of next year. B/E also raised its earnings outlook for the full-year by $0.05 to $4.35 a share.
- Company Earnings
- Investment & Company Information