Shake Shack soars; Kohl's gets clobbered; Penney raises sales outlook

Here’s a look at some of the stocks the Yahoo Finance team will be tracking for you today.

Shake Shack (SHAK) shares are soaring in early trading. The boutique burger joint raised it revenue outlook for the year after serving up a surprise first quarter adjusted profit of $0.04 a share, that was much better than the $0.03 per share loss analysts' were expecting. Revenue also topped estimates with sales jumping 56% from a year earlier thanks to strong same-store sales growth.

Kohl's (KSS) shares are falling this morning. The department store chain posting weaker-than-expected same-store sales growth due to the cold February in the first quarter. That weighed on revenue which slightly missed forecasts, but earnings per share came in way above analysts' estimates.

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J.C. Penney (JCP) shares are on the move in early trading. The department store chain's turnaround efforts may be showing some encouraging signs. Penney's raised its sales forecast for the year after posting a narrower-than-expected loss in the first quarter. Revenue was in line with Wall Street views as sales rose 2% from a year earlier.

Cisco Systems (CSCO) shares also in focus. The networking equipment maker reporting first quarter earnings and revenue that slightly beat forecasts. The company reporting revenue rose 5% from a year earlier thanks to solid sales of its switching systems. This comes as Chief Executive Officer John Chambers prepares to hand the reins to Chuck Robbins at the end of July.