Here’s a look at some of the stocks the Yahoo Finance team will be watching for you today.
Deere (DE) shares are gaining ground in early trading. The farm equipment maker raised its outlook for the year after it reported quarterly earnings and revenue that topped Wall Street views. However, the company said a slowdown in the global farm economy dragged sales and profits lower from a year earlier.
Campbell Soup (CPB) shares are on the move this morning. The maker of its namesake soups, Swanson dinners and Pepperidge Farm foods is the latest to blame the strong dollar for a decline in sales. Campbell's is reporting fiscal third quarter profit that beat analysts' forecasts by a wide margin, while revenue came in a bit shy. The company is also saying results were affected by what it calls retailer inventory movements in its soup business and sees full year sales at the low end of its range.
Foot Locker (FL) shares are lower after sprinting higher in early trading. The sportswear retailer posted a beat on both its top and bottom lines. Profit jumped 14% from a year earlier as it continues to see strong sales growth. The company also said its gross margins improved, while inventory levels declined.
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Hewlett-Packard (HPQ) shares also on investors’ radar. Even though, the tech giant reported net income fell 21% from a year earlier, earnings per share topped analysts' estimates in its fiscal second quarter as corporate spending for servers picked up. However, revenue missed forecasts, falling nearly 7% from a year earlier as the company saw a decline in sales in almost all its business segments. HP said the stronger dollar also hurt sales and it gave a weak outlook for the current quarter. This comes as it prepares later this year to split into two separate companies
Time Warner Cable (TWC) shares up this morning on more takeover chatter. According to the Wall Street Journal, Charter Communications (CHTR) may be making another play for Time Warner Cable after its bid last year was sidelined by Comcast. This comes after Comcast (CMCSA) recently abandoned its offer for Time Warner Cable amid regulatory concerns.
