7 Stocks To Watch For June 2, 2017

Some of the stocks that may grab investor focus today are:

• Lululemon Athletica inc. LULU reported stronger-than-expected results for its first quarter and raised its FY 2017 earnings outlook. The company also announced it plans to restructure its girls activewear brand, ivivva, toward a primarily e-commerce focused business. The company announced it will close 40 of its 55 ivivva branded stores and convert half the remaining stores to Lululemon branded stores. Lululemon shares surged 16.09 percent to $56.50 in the after-hours trading session.
• VMware, Inc. VMW reported upbeat profit for its first quarter and lifted its full-year guidance. VMware shares dropped 2 percent to $95.45 in the after-hours trading session.
• RH RH reported in-line earnings for its first quarter, but lowered its earnings forecast for the year. RH shares dipped 23.35 percent to $43.88 in the after-hours trading session.
• Wall Street expects Hovnanian Enterprises, Inc. HOV to report a quarterly loss at $0.04 per share on revenue of $554.55 million before the opening bell. Hovnanian shares rose 1.20 percent to $2.54 in after-hours trading.

Find out what's going on in today's market and bring any questions you have to Benzinga's PreMarket Prep.

• Broadcom Ltd AVGO posted better-than-expected results for its second quarter on Thursday. Broadcom shares climbed 4.22 percent to $244.50 in the after-hours trading session.
• Five Below Inc FIVE reported upbeat results for its first quarter and issued a strong forecast for the current quarter. Five Below shares rose 0.42 percent to $52.17 in the after-hours trading session.
• Workday Inc WDAY posted stronger-than-expected results for its first quarter and raised its FY18 outlook. Workday shares slipped 1.23 percent to $100.25 in the after-hours trading session.