Some of the stocks that may grab investor focus today are:
Wall Street expects Hormel Foods Corporation HRL to report its Q3 EPS at $0.35 on revenue of $1.87 billion. HRL shares rose 0.39% to close at $28.44 yesterday.
Guess Inc GES reported its FQ2 net profit at $60.7 million, or $0.65 per share, down from $66.8 million, or $0.72 per share, in the year-ago period. Its revenue climbed 17% to $677.2 million from $577.1 million. Excluding one-time items, Guess' earnings came in at $0.84 per share. However, analysts were expecting earnings of $0.81 per share on revenue of $656.4 million. Guess projects Q3 earnings of $0.71 to $0.74 per share, versus analysts' estimates of $0.84 per share. Guess shares dipped 4.51% to $31.79 in the after-hours trading session.
Apple Inc AAPL announced the resignation of its Chief Executive Officer Steve Jobs. He is succeeded by Chief Operating Officer Tim Cook. AAPL shares dropped 5.07% to $357.10 in after-hours trading.
Collective Brands Inc PSS swung to a second-quarter loss of $35 million, or $0.58 per share, from a profit of $21 million, or $0.32 per share, in the year-ago period. Excluding one-time items, Collective Brands' earnings came in at $0.16 per share. Its revenue climbed to $882.4 million from $841.3 million. However, analysts were expecting a profit of $0.12 per share on revenue of $866.2 million. The company also announced its plans to close about 475 underperforming stores over the next three years. PSS shares jumped 33.27% to $13.70 in the after-hours trading session.
Analysts are expecting Big Lots Inc BIG to have earned $0.44 per share on revenue of $1.16 billion in the second quarter. BIG shares gained 1.035 to close at $32.38 yesterday.
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