Lumber Liquidators floored as CEO quits, Williams-Sonoma & Salesforce up on earnings
Time for your daily dose of trending tickers, the stocks you're following based on your Yahoo Finance ticker searches.
LUMBER LIQUIDATORS
Shares of Lumber Liquidators (LL) plunged on news that Robert Lynch, the company’s CEO, unexpectedly quit Thursday. The stock has lost nearly 70% of its value since March, when the CBS News program “60 Minutes” aired a report claiming that some of its products contained high levels of the carcinogen formaldehyde. Lynch’s resignation comes less than a month after the company’s CFO resigned.
WILLIAMS-SONOMA
Williams-Sonoma (WSM) shares headed higher after reporting better than expected first quarter earnings and sales. The retailer reported earnings of 48 cents a share, handily beating forecasts. Sales were pretty much in line with estimates at slightly above $1 billion.
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SALESFORCE
Salesforce (CRM) rose after profits topped Wall Street's expectations and after the company raised its full year outlook. The software provider's bottom line came in 2 cents above estimates at 16 cents a share, while revenue came in pretty much in line with forecasts. Salesforce has received a lot of attention lately on reports it could be a possible takeover target.
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