Check out the companies producing headlines before the bell:

General Motors – Softbank’s Vision Fund can be investing $2.25 billion in GM Cruise, the General Motors autonomous vehicle venture. GM will also inject a fresh $1.1 billion into the unit, assuring funding through the planned beginning of commercialization in 2019.

Dollar General – The discount retailer fell 4 cents a share short of estimates, with quarterly profit of $1.36 per share. Revenue also fell short of Street forecasts, in addition to a same-store sales increase of 2.1 percent missed a consensus estimate of a 3.2 percent jump.

Sears Holdings – The retailer reported a bigger-than-expected loss for the first quarter, with same-store sales falling 11.9 percent compared to the estimate of a 9.3 percent decline. Sears also said the item had identified 100 non-profitable stores in addition to that will 72 of those might begin the process of closing within the near future.

PVH Corp. – PVH came in 11 cents a share above estimates, with adjusted quarterly profit of $2.36 per share. The apparel maker’s revenue came in slightly above forecasts. PVH did issue weaker-than-expected full-year sales guidance, even as the item raised its earnings outlook.

Box – Box lost 7 cents per share for its latest quarter, 1 cent a share less than Wall Street had anticipated. The cloud storage company’s revenue beat forecasts, in addition to the company also forecast a smaller-than-expected loss for the current quarter in addition to full year even as the item increases spending to attract more customers.

Guess – Guess matched analysts’ forecasts which has a reported loss of 23 cents per share for its latest quarter, with revenue exceeding estimates. The fashion in addition to accessories retailer also gave a strong revenue outlook, nevertheless weaker-than-expected earnings guidance.

Berkshire Hathaway – Berkshire had discussions with Uber about a possible investment, according to Berkshire’s Warren Buffett. He told CNBC he can be a great admirer of Uber CEO Dara Khasrowshahi, nevertheless ultimately no investment was made.

Toyota Motor – Toyota reported a 22 percent jump in vehicle shipments to the U.S. by Japan in April, largely on the strength of the well-known Rav4 SUV. The Wall Street Journal notes that will Toyota stands to lose the most among major automakers if higher tariffs are imposed on imported cars in addition to trucks.

Symantec – Symantec said the item did not expect to be able to file its annual report in a timely manner, due to an ongoing internal accounting probe being conducted at the cybersecurity company. Symantec does not believe the probe will have a material effect on past financial statements.

CRISPR Therapeutics – The drugmaker in addition to partner Vertex Pharmaceuticals said the Food in addition to Drug Administration had placed a clinical hold on their application for a fresh sickle cell disease. The two companies said they might work quickly to address the FDA’s questions in addition to concerns.

Micron Technology – Morgan Stanley downgraded the chipmaker’s stock to “equal-weight” by “overweight,” noting that will the stock can be close to its cost target. Morgan Stanley also said that will while DRAM memory remains a strong category, the item can be less bullish than Micron bulls on prospects for NAND memory chips.

J. Jill – The women’s apparel retailer reported adjusted quarterly profit of 29 cents per share, 10 cents a share above estimates. Revenue also beat forecasts, in addition to the company reported an unexpected 2.3 percent increase in same-store sales compared to an expected drop. However, J. Jill also gave a current quarter earnings forecast that will falls short of Street estimates.

Express – The apparel retailer reported an unexpected 1 cent per share profit, after analysts had predicted a 2 cents per share loss for the quarter. Revenue beat forecasts, in addition to a comparable-store sales increase of 1 percent compares to a consensus estimate of a 0.6 percent decline.

Perry Ellis – Perry Ellis earned an adjusted 78 cents per share for its latest quarter, 11 cents above estimates, with the apparel designer’s revenue beating forecasts, as well.

Leave a Reply

Your email address will not be published. Required fields are marked *


thirteen − ten =