Here are four stocks the Yahoo Finance team is watching today.
First up, Restoration Hardware (RH), which fell more than 11% in after-hours trading yesterday. The skid came after it was reported co-CEO Carlos Alberini was leaving the company to become chairman and CEO of Lucky Brand. That news overshadowed a better-than-expected earnings report. The company reported profits of $0.32 a share which beat estimates by $0.04. Sales also jumped 39% to $395.8 million also beating expectations. Restoration Hardware has had a tough week with shares dropping more than 12%.
Next, Intel (INTC). The drop comes as Bloomberg reported that Google (GOOG) is considering moving away from Intel and could start making its own chips. Intel's dominance in that space has already taken a hit with the market shifting away from personal computers to mobile devices. It would reportedly be a challenge for Google but if it ends up being successful other companies could soon follow. For the year, Intel is up over 15%.
Now, Adobe Systems (ADBE). The stock jumped more than 7% in extended trading yesterday after it reported earnings. The software company reporting earnings of $0.32 a share - in line with estimates, though that was significantly down from last year's $0.61. Revenue fell 9.7% percent to $1.04 billion, though beating estimates of $1 billion. Shares rose with news that the company's Creative Cloud subscribers rose by 402,000 to 1.4 million. Shares of Adobe are up almost 41% year-to-date.
Finally, Hilton (HLT), which had a successful return to the NYSE yesterday, ending up 7.5%. The stock is up over a percent in early trading. The world's largest hotel chain held the biggest IPO ever for a hotel this week and the second biggest IPO of the year, raising $2.35 billion. After pricing the stock at $20 a share.
- Information Technology
- Restoration Hardware