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Target tops; Staples slips; Lowe's limps; Hormel heats up

Bill McColl

Here are some of the stocks the Yahoo Finance team will be watching for you today with another big day for retail earnings.

Target (TGT) The company reporting a beat on both earnings and revenue in the second quarter. Target says sales increased 2.8% helped by increased demand for home goods and apparel as well as a big jump in online purchases. And Target is raising its full year earnings forecast.

Staples (SPLS) The biggest office supply chain matched estimates for second quarter profit...but revenue was just a bit below forecasts. Sales declined as Staples closed some stores and felt the effects of the strong dollar. And the company expects current quarter revenue to be lower than a year ago.

Lowe's Companies (LOW) The second-biggest home improvement retailer missed on the bottom line but beat estimates on the top line in the quarter. Lowe's reports sales jumped 4.5% in the period, driven by demand for appliances and outdoor power equipment. The company anticipates sales for the full year will be the same or slightly better.

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Hormel Foods (HRL) The food processing company that makes the famous Spam canned meat had a fiscal third quarter profit that beat estimates, although revenue came in light. Hormel says it got a boost from sales of chili, Skippy peanut butter and Muscle Milk. And the company is raising its full-year earnings forecast.

Analog Devices (ADI) The semiconductor products maker topped analysts' estimates for both profit and revenue in its fiscal third quarter. The company says sales set a record in the period...and it anticipates strong growth in the current quarter.

Palatin Technologies (PTN) Shares getting a boost because the bio-pharma firm makes a treatment for female sexual disfunction. Late yesterday, the Food and Drug Administration approved a similar medicine from Sprout Pharmaceuticals, the first for so-called "female Viagra."

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