Advertisement
Canada markets close in 29 minutes
  • S&P/TSX

    22,214.58
    +107.50 (+0.49%)
     
  • S&P 500

    5,262.85
    +14.36 (+0.27%)
     
  • DOW

    39,854.83
    +94.75 (+0.24%)
     
  • CAD/USD

    0.7382
    +0.0010 (+0.13%)
     
  • CRUDE OIL

    83.10
    +1.75 (+2.15%)
     
  • Bitcoin CAD

    95,792.79
    +2,773.30 (+2.98%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • GOLD FUTURES

    2,241.50
    +28.80 (+1.30%)
     
  • RUSSELL 2000

    2,124.23
    +9.88 (+0.47%)
     
  • 10-Yr Bond

    4.2060
    +0.0100 (+0.24%)
     
  • NASDAQ

    16,399.25
    -0.28 (-0.00%)
     
  • VOLATILITY

    12.91
    +0.13 (+1.02%)
     
  • FTSE

    7,952.62
    +20.64 (+0.26%)
     
  • NIKKEI 225

    40,168.07
    -594.66 (-1.46%)
     
  • CAD/EUR

    0.6841
    +0.0036 (+0.53%)
     

Old Navy boosts The Gap; J.C. Penney disappoints; Weight Watchers' thin forecast

These are a few of the stocks the Yahoo Finance team will be following for you today...

The Gap (GPS) shares are higher in early trading. The retailer reporting earnings that topped estimates while revenue came in line with forecasts during the holiday quarter. Sales rose nearly 3% from a year earlier as strength in its Old Navy stores continued to offset weakness in its namesake brand. The company also said it would buy back $1 billion worth of stock and raise its dividend by 4-1/2% to 23 cents.

Elsewhere in the retail space....shares of J.C. Penney (JCP) are down sharply ahead of the open. The struggling retailer's adjusted earnings broke even for the holiday quarter, missing Wall Street views.  Penney saw an increase in operating expenses and as it invested more in store expansions. However, revenue came in slightly ahead of forecasts thanks to better-than-expected same-store sales growth.

Get the Latest Market Data and News with the Yahoo Finance App

ADVERTISEMENT

Weight Watchers (WTW) shares are slimming down in early trading.  The weight loss service company warning that profits for the year will be more than 50% short of estimates as it continues to lose members and tries to keep up with weight loss apps and gadgets. The company's earnings and revenue were roughly in line with estimates, but sales fell more than 10% from a year earlier.

And Apple (AAPL) remains in focus this morning.  The iPhone maker getting hit with another patent lawsuit. Sweden's Ericsson is suing the tech giant, claiming that it's infringing on 41 of its patents that are essential to Apple devices. This is not the first time the two companies have been at odds.  Just last month Apple didn't renew a licensing agreement with Ericsson because of the fees it was charging for the use of its mobile broadband patents.