Here are some of the stocks the Yahoo Finance team will be watching for you today.
Footlocker (FL) tops our list this morning. Shares of the athletics shoe retailer are racing higher as earnings topped estimates, and same-store sales increased 5%. The company, however, did note that it faces a softer sales environment than it did at the same time last year.
JCPenny (JCP) shares are also in focus after fourth-quarter earnings beat estimates but same-store sales missed the mark. The struggling retailer announced plans to close over 100 stores and two distribution centers, as well as start a voluntary early retirement program for about 6,000 eligible employees — all for an expected cost savings of about $200 million.
HP Enterprise (HPE) shares were tumbling ahead of the open. The tech company posted a slight beat on earnings, but a big miss on revenue and cut its outlook for the year. Revenue dropped over 10% from a year ago, largely due to weak demand for its servers and storage equipment.
Restoration Hardware (RH) shares are seeing a nice pop. The high-end furnishings retailer beat on earnings and gave better-than-expected forward guidance. To top it all off, Restoration Hardware said its board authorized as much as $300 million in stock buybacks.