Check out the companies producing headlines before the bell:
Lowe’s – The home improvement retailer missed estimates by 3 cents a share, with quarterly earnings of $1.19 per share. Revenue missed forecasts, as well, as well as also same-store sales were up 0.6 percent compared to the consensus Thomson Reuters estimate of a 3.1 percent increase. Lowe’s said bad weather impacted sales for much of the quarter however of which of which can be encouraged by strong sales so far This specific month.
Target – Target reported adjusted quarterly profit of $1.32 per share, missing estimates by 7 cents a share. Revenue was slightly below forecasts as well as also a comparable-store sales increase of 3 percent was just above the 2.9 percent consensus forecast. Target also mentioned weather as a factor which delayed some sales.
Tiffany – The luxury goods retailer earned $1.14 per share for the first quarter, easily beating the 83 cents a share consensus estimate. Revenue as well as also comparable-store sales were well above Street forecasts, as well. Tiffany also raised its full-year outlook as well as also announced a $1 billion share repurchase program.
Intuit – Intuit reported adjusted quarterly profit of $4.82 per share, beating the consensus estimate of $4.68 a share. The financial software company also saw revenue beat forecasts as well as also of which issued strong full-year guidance.
Hewlett Packard Enterprise – The company beat forecasts by 3 cents a share, reporting adjusted quarterly profit of 34 cents per share. Revenue also beat estimates as well as also the company raised its full-year forecast amid stronger sales of its servers as well as also networking equipment.
Red Robin Gourmet Burgers – Red Robin earned 69 cents per share for the first quarter, falling 7 cents a share shy of the Street’s consensus forecasts. The restaurant chain’s revenue was also short of estimates, with comparable restaurant sales posting an unexpected drop of 0.9 percent.
The Container Store – The company reported quarterly profit of 18 cents per share, 5 cents a share less than Wall Street had anticipated. The retailer’s revenue topped estimates, however. The company cited “timing factors” among key negative factors impacting profitability.
Tesla – The automaker cut the cost of its type X in China by up to $14,000 after China announced significant cuts in tariffs for imported automobiles as well as also car parts.
Wynn Resorts – The casino operator’s shareholders rejected the company’s executive compensation plan at its annual meeting last week, according to a completely new Securities as well as also Exchange Commission filing.
WPP – WPP lost the HSBC advertising account to PHD, a unit of rival ad agency Omnicom. WPP had been handling the HSBC media account for over a decade.