Here are some of the stocks the Yahoo Finance team will be watching for you today.
General Motors (GM) delivered a beat on both its top and bottom lines for the fourth quarter. Revenue jumped 11% driven by strong sales in the US and China. GM also said it expects earnings per share to be flat to slightly higher this year from 2016 and lifted global car sales estimates for the next four years.
Michael Kors (KORS) shares fell to a 52-week low. The handbag and apparel maker reported a bigger-than-expected decline in same-store sales during its holiday quarter due to weak demand in North America and Europe. The company also warned of weaker-than-expected sales and profit for the current quarter and the year.
Gap (GPS) raised its profit outlook for the fourth quarter after reporting better-than-expected sales for the holiday shopping period. This comes as sales improved at its Gap and Old Navy stores following a difficult year for the clothing chain.
Disney (DIS) is scheduled to report quarterly results after the close of trading today. Analysts are looking for the entertainment giant to earn $1.50 a share for its fiscal first quarter. That’s a decline of 8% from the same period a year ago. Revenue is estimated to increase slightly to $15.27 billion. Disney’s iconic sports cable channel ESPN will be closely scrutinized as investors look for any sign of a rebound in subscriber growth.