Shares of Toll Brothers (TOL) are sliding after reporting profits and revenue that missed expectations. The luxury home builder also forecast a decline in gross margins for 2018, in part because the company is targeting millennials with lower priced homes. Toll Brothers stock is still up nearly 50% for the year.
Autozone (AZO) shares are rising after it posted an earnings and revenue beat and same-store sales increase of 2.3% in the quarter. The auto-parts retailer is still down for the year by about 8%.
McDonald’s (MCD) is bringing back the Dollar Menu and getting some love from Wall Street. Analysts at Jefferies upgraded shares to buy and hiked their price target to $200. Jefferies said McDonald’s “use of data and technology … should attract a higher multiple over time, while leading to higher returns.”
Regal Entertainment Group (RGC) shares are surging on an announcement Cineworld will acquire the theater chain for $23 per share in a deal valued at $5.8B. The price represents an 11% premium to Monday’s close.