Here’s a look at some of the stocks the Yahoo Finance team will be watching for you today.
Target (TGT) shares are on the move in early trading. The big retailer is reporting first quarter profit that beat analysts' estimates, with revenue basically in line. Target says sales were boosted by shoppers making more and bigger purchases and by an almost 38% increase in online buys. Target is also raising the low end of its 2015 earnings forecast.
Lowe's (LOW) shares are lower after the home improvement chain reported a miss on both its top and bottom lines in the first quarter. Even though Lowe's sales and profit grew from a year earlier it still didn't live up to Wall Street's expectations. This compares to rival Home Depot (HD), which posted better-than-expected first quarter results just yesterday.
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Staples (SPLS) shares are down as the office supply retailer reported earnings per share that matched estimates, but revenue missed forecasts. Sales fell nearly 7% from a year earlier as same-store sales continued to decline. The company also expects sales to fall in the current quarter, but didn't say by how much exactly. Staples is waiting for regulators to approve its takeover of Office Depot (ODP).
Etsy (ETSY) shares are tumbling in early trading after the online crafts marketplace reported a surprise loss in its first earnings report as a public company. Analysts' were looking for the company to break even. And even though revenue soared 44% from a year earlier it slightly missed estimates. The company said a tax provision linked to corporate restructuring weighed on profits, while the stronger dollar hurt sales outside the U.S..
Pep Boys (PBY) shares are soaring this morning following a report in the Wall Street Journal that the auto-parts and services retailer has been approached by private equity firm Golden Gate Capital and other firms about a potential takeover.
