Among the companies with shares expected to actively trade in
Wednesday's session are Lowe's Cos. (LOW), American Eagle
Outfitters Inc. (AEO) and Target Corp. (TGT).
Lowe's scaled back its sales guidance for the year even as the
home-improvement retailer's earnings and sales increased more than
expected for its fiscal second quarter. Shares fell 3% to $49.99 in
recent premarket trading.
Target lowered its outlook for the year, still reeling from the
massive data breach of its customers' credit and debit card
information and slower customer traffic at its stores. Shares fell
2% in premarket trading to $58.10.
American Eagle Outfitters said its fiscal second-quarter
earnings slid 70% as the teen apparel retailer's same-store sales
slumped, though results were slightly better than expected. Shares
rose 9.9% to $12.77.
Macy's Inc. (M) reached a $650,000 settlement with the state of
New York related to allegations of racial profiling. Shares edged
up 0.6% to $59.31.
Staples Inc. (SPLS) said its fiscal second-quarter profit and
sales declined, while the struggling office-supplies retailer
pushed ahead in its plans to close underperforming stores and spark
sales growth online. Shares rose 2% to $11.85.
Gordmans Stores Inc. (GMAN) Tuesday said it has named Andrew T.
Hall as its president and chief executive. Mr. Hall will succeed
board Chairman T. Scott King, who has held the posts on an interim
basis since March. Shares were inactive premarket.
Hertz Global Holdings Inc. (HTZ) on Tuesday withdrew its
full-year guidance citing operational challenges and costs
associated with a continuing audit of its results dating to 2011.
Shares slid nearly 13% to $27.51.
La-Z-Boy Inc. (LZB) said its fiscal first-quarter profit rose
36% as the company reported increased sales across its distribution
channels, though sales at furniture galleries opened for a year or
more edged up a mere 1%. Shares fell 3.3% to $22.45.
Leggett & Platt Inc. (LEG) on Tuesday said it has reached a
tentative agreement to resolve antitrust claims tied to the
company's sale of polyurethane foam. The Carthage, Mo., company
said it expects to record a $39.8 million pre-tax accrual for the
settlement of the U.S. direct purchaser class portion of the
antitrust claims, which would impact third-quarter earnings by
about 18 cents a share. Shares were inactive.
Orthofix International NV (OFIX) said Tuesday it would restate
its financial statements going back to 2011 after finding a series
of accounting errors. Shares were inactive.
PetSmart Inc. (PETM), under pressure from big shareholders to
sell itself, said Tuesday that it will explore strategic
alternatives, including a possible sale, as the pet-goods retailer
unveiled a cost-savings plan and reported a roughly 5% increase in
net income for the second quarter. Shares rose 2.2% to $71.22.
Samsung Electronics Co.'s subsidiary Samsung Electronics America
Inc. has agreed to pay $2.3 million to resolve allegations it had
given resellers erroneous information on the origin of its
products, which resulted in government agencies buying Samsung
products made in nonauthorized countries such as China, the Justice
Department said Tuesday.
Write to Maria Armental at maria.armental@wsj.com
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