Here are some of the stocks the Yahoo Finance team will be watching for you today.
Wal-Mart (WMT) shares are up after beating Wall Street’s profit expectations by a penny and its same-store sales grew for the 10th straight quarter. Revenue fell short of estimates. Wal-Mart has been investing heavily in its stores and e-commerce operations, hurting its profitability.
Macy’s (M) posted earnings that beat expectations while revenues missed the mark. Macy’s had reported eight straight quarters of same-store sales declines as it struggles to compete with online competitors. The stock rose recently on takeover speculation involving the owner of Saks Fifth Avenue.
Related: Digging into earnings for brick-and-mortar retailers
Home Depot (HD) shares are on the rise after the company posted earnings and revenue that beat analysts’ estimates. The world’s largest home improvement chain also hiked its dividend and announced a $15 billion share buyback. One sour note: The company’s full-year earnings forecast fell a bit short of Wall Street expectations.
HSBC Holdings (HSBC) shares are tumbling today after annual profits at the British bank fell 62%. HSBC’s fourth-quarter loss widened to more than $4 billion. The results were worse than analysts expected and reflected write-downs from the bank’s restructuring program. HSBC announced a new $1 billion share buy-back, as it returns cash to shareholders from the sale of its Brazilian business.
