Walmart warns; Home Depot ups forecast; Dick's profit beat

Here are some of the stocks the Yahoo Finance team will be watching for you today on a day when retail earnings are dominating the headlines.

Walmart (WMT) The world's biggest brick and mortar seller is reporting less than expected profit in the second quarter, while revenue beat. More importantly, Walmart is cutting its full year earnings forecast...and says the current quarter will come in soft as well. The retailer saying its decision to increase wages for employees-- along with lower pharmacy reimbursements and the strong dollar-- will weigh on future results.

Home Depot (HD) The biggest home improvement chain met earnings estimates in the quarter...and revenue came in better than expected. Home Depot's overall sales at stores open at least a year jumped 4.2%, topping analysts' estimates, and they were up a whopping 5.7% percent here in the U.S. The company is also raising its full year profit and sales forecasts.

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Dick's Sporting Goods (DKS) The sporting goods retailer topped profit estimates...while revenue came in a bit below in the period. Dick's points to strong sales in newly-opened locations and an increase in online revenue.

Urban Outfitters (URBN) The specialty retailer beat estimates on the bottom line but fell short on the top line in the period. Analysts were disappointed in the 4% increase in sales at stores open at least a year. In addition, Urban Outfitters says its results were hurt by higher costs primarily related to increased marketing and technology expenses.

Chiasma (CHMA) The bio-pharma firm reports the Food and Drug Administration has accepted its application for a new drug to treat a rare pituitary gland disorder that causes abnormal growth in hands and feet.

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