Here’s a look at some of the stocks the Yahoo Finance team will be tracking for you today.
PVH (PVH) shares are higher in early trading. The company behind Calvin Klein and Tommy Hilfiger brands reported better-than-expected earnings and revenue for its first quarter. The retailer said results were mostly driven by the strength in its Calvin Klein business. The company also raised its full-year earnings outlook and announced a $500 million stock buyback.
Dollar General (DG) shares are jumping this morning. The discount retailer is reporting earnings per share that beat forecasts. Revenue came in slightly shy of estimates, but sales still rose nearly 9% from a year earlier due to increase in both customer traffic and as shoppers spent more per transaction. Dollar General, which lost the takeover battle to buy Family Dollar (FDO) to Dollar Tree (DLTR), said it would speed up store openings this year as it looks to maintain its dominance in the dollar store space.
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British American Tobacco (BTI) subsidiary -- Imperial Tobacco Canada, Philip Morris (PM) and Japan Tobacco are on investors’ radar after a Canadian court ordered the three firms to pay about $12.5 billion in damages to smokers in Quebec. The two class action lawsuits accuse the firms of failing to warn smokers about the health risks associated with smoking. The companies reportedly said they would appeal the ruling.
Apple (AAPL) shares are in focus this morning. The tech giant is reportedly preparing to release a $10 dollar per month music subscription service. Apple is expected to announce the launch of the platform at its developer conference next week.
