Macy's, Barnes & Noble, L Brands, Target, J.C. Penney, WD-40, Ford
January 10 2019 - 9:49AM
Dow Jones News
By Francesca Fontana and Jessica Menton
Here are some of the companies with shares expected to trade
actively in Thursday's session. Stock movements noted by ticker
reflect movements during regular trading hours; premarket trading
is specified separately.
Macy's Inc. -- Down 17% premarket: The department store chain
slashed its outlook for profit, sales and gross margin, citing a
weakening in sales in late-December.
Barnes & Noble Inc. -- Down 6% premarket: The bookseller
said earnings guidance could be slashed as much as 10% due to
advertising spending and promotional activity.
L Brands Inc. -- Down 7% premarket: The company said Victoria's
Secret struggled in the most recent holiday shopping season, as
same-store sales fell and margins suffered a significant
declined.
Target Corp. -- Down 3.3% premarket: Target sales r ose 5.7%
between Nov. 4 and Jan. 5 in stores and through company websites
operating for at least 12 months, the company said Thursday,
putting Target on track to have its best full year of sales growth
in 13 years.
Costco Wholesale Corp. -- Down 1% premarket: At Costco, sales
rose 7%, excluding gasoline and currency fluctuations, during the
five weeks ended Jan. 6, the company said Wednesday.
Bed Bath & Beyond Inc. -- Up 6.9% premarket: The retailer's
profit outlook for 2019 beat Wall Street estimates late Wednesday.
Shares of the company have shed 43% over the past 12 months.
KB Home -- Up 3.4% premarket: The home builder's fourth-quarter
earnings topped analysts' forecasts, and the company expects to
increase the number of homes it builds this year.
J.C. Penney Co. Inc. -- Down 4.5% premarket: The retailer plans
to close three stores in the spring and signaled more locations may
shutter. The company's stock has jumped nearly 30% so far in
January.
WD-40 Co. -- Down 3.9% premarket: The household-products
manufacturer delivered earnings in line with analysts' expectations
for the latest quarter, helped by strong sales of its flagship
product. Over the past 12 months, shares have surged 56%.
Ford Motor Co. -- Up 0.1% premarket: Ford has launched talks
with trade unions in Europe about job cuts that could run into the
thousands as it shuts European plants and cancels production of
unprofitable models in response to a storm of bad news for global
car makers.
Alphabet Inc. -- Down 0.6% premarket: Google nears a win in
Europe over the EU's "right to be forgotten," as an adviser to the
EU's top court argued that Google and other search engines
shouldn't be forced to apply the right globally.
This is a version of the "Stocks to Watch" section of our
Markets newsletter. To receive it every morning via email, click
here.
Write to Francesca Fontana at francesca.fontana@wsj.com and
Jessica Menton at Jessica.Menton@wsj.com
(END) Dow Jones Newswires
January 10, 2019 09:34 ET (14:34 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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