Target overshoots, American Eagle beats, Lowe's disappoints
Here is your daily dose of trending tickers, the stocks you're following based on your Yahoo Finance ticker searches.
Target (TGT)
Target beating estimates and raising revenue guidance.The retail giant posting earnings of $1.21 per share for its most-recent quarter, twice what it was a year ago. The company raised its earnings outlook for the year by a dime. It's now a range between $4.60 and $4.75 a share. One very bright spot has been digital sales, which is seeing 30% growth from last year.
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American Eagle Outfitters (AEO)
One retailer not having a good day is, surprisingly, American Eagle Outfitters. Shares are being sold off even though the company beat analysts' estimates. The teen apparel seller reported 12% higher revenue for the most-recent quarter compared to last year. And earnings were $0.17 a share, a huge increase from last year's $0.05. Still the stock is trading down, falling 10% earlier in the session on what looks to be profit-taking. Prior to Wednesday's drop, American Eagle was up 33% for the year.
Lowe's (LOW)
Home improvement behemoth Lowe's is flat for the day. The company missed earnings expectations when it reported this morning but profits are still 15% higher from a year ago. Sales were up more than 4% from last year, similar to rival Home Depot (HD), which released its results yesterday. But higher costs and taxes kept Lowe's from hitting Wall Street's numbers.
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