Here’s a look at some of the stocks the Yahoo Finance team will be watching for you today.
RadioShack (RSH) this morning said it will close up to 1,100 stores. That's about 20% of its locations. The company also said quarterly results came in well below Wall Street estimates: a loss of $1.29 per share versus estimates of a loss of $0.14. Revenue declined 20% and also missed estimates on lower store traffic. Last month, the company had a hit with its Super Bowl ad using '80s stars to strip and rebuild its stores. Shares of RadioShack had recovered a bit so far this year from the steep declines at the end of last year. That is no longer the case after this morning's trades.
We'll also be watching shares of Smith & Wesson (SWHC) today. The gun maker is slated to report earnings after the close. Analysts expect to see a rise in revenue and profits from last year. Net income and revenue have risen for three consecutive quarters. Shares of Smith and Wesson have been on the decline lately, off about 14% so far this year.
Tesla (TSLA) today announced plans to expand in Europe. The company will add 30 new service centers and stores across the continent. Tesla also said it would continue adding "supercharger" locations that will allowing Model S drivers to travel longer distances. In a statement at the Geneva Auto Show, CEO Elon Musk said he expects Model S drivers to be able to travel almost anywhere in Europe using only superchargers by the end of the year. Shares of Tesla have been on one wild ride, up about 600% in the last year.
We’re watching tobacco company Lorillard (LO) after reports that rival Reynolds American (RAI), owner of RJ Reynolds brands Camel and Kool, is exploring a bid for all or part of Lorillard. The Financial Times reports Reynolds has hired investment bank Lazard to explore a deal that would value the maker of Newport products at more than $20 billion. The deal could give Reynolds more than 35% of the North American market. Shares of Lorillard are up about 40% in the last year.
Dish Network (DISH) and Disney (DIS) struck a landmark, long-term deal allowing Dish to carry Disney-owned networks, such as ABC and ESPN, and deliver that content outside of a pay-TV subscription. The agreement also settled a lawsuit pending between the two companies over Dish's AutoHop service that allowed its customers to skip commercials on recorded programs. As part of the new deal, Dish will discontinue the AutoHop service on ABC programming. Both stocks have performed well in the last year. Dish is up about 70%. Disney is up about 40%.
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