Foot Locker, Amazon, HP Inc, Autodesk and more
Check out the companies that make headlines before the clock:
Foot Locker – The athletic footwear and apparel retailer reported a corrected quarterly result of $ 1.53 per share, missing estimates by 7 cents per share. Revenues also came under forecasts, and a comparable store increase of 4.6% was below 5.1% estimate by analysts surveyed by Refinitiv.
Hibbett Sports – Hibbett Sports earned an adjusted $ 1.61 per share in the first quarter, 29 cents a share over estimates. Also, the sports goods retailer's revenue impact estimates, and a comparable store increase of the 5.1[ads1]% trounced consensus forecast of a 1.6% increase.
Buckle – The accessory dealer fell 4 cents a share shy of consensus forecasts with quarterly profits of 31 cents per share. Revenues were above analysts' forecasts, and comparable store sales fell less than expected by 1.3%. Analysts had expected a 2.4% decline in comp sales.
Amazon.com – Amazon shares will reach $ 3,000 between mid-2021 and mid-2022, according to an analyst from Piper Jaffray. Piper said that this move – which would be a more than 60 percent jump from today's levels – is based on Amazon that meets what it considers conservative growth targets.
HP Inc. – HP Inc. reported adjusted quarterly earnings of 53 cents per share, beating consensus estimates by 2 cents a share. The computer and printer's revenue also hit Street forecasts, and it released a current quarterly view roughly in line with consensus.
Hewlett Packard Enterprise – HPE came in over 5 cents over the forecasts, with a revised quarterly profit of 42 cents per share. The business technology provider's revenues came in contrast to the analysts' estimates, but the company increased its financial goals throughout the year.
Ross Stores – Ross Stores earned an adjusted $ 1.13 per share for its last quarter, a penny a share over estimates. The discount trader's income also makes forecasts, but Ross gave weaker than expected quarterly guidance as it is about underperformance in women's clothing, as well as higher freight and wage costs.
Deckers Outdoor – Deckers earned an adjusted 85 cents per share for their last quarter, well above the consensus estimate of 8 cents per share. The shoe dealer's earnings also hit the Wall Street forecasts. The bottom line results were aided by an increase in gross margins.
Autodesk – Autodesk achieved an adjusted 45 cents per share in the first quarter, 2 cents per share below estimates. The software company's revenue also lacked forecasts, but the results improved over the previous years as it increased subscription revenues.
Intuit – Intuit beats consensus estimates by 15 cents per share, with a fiscal third quarter of $ 5.55 per share. TurboTax software revenues also exceeded estimates, and the company raised the entire annual report.
Boeing – Federal Aviation Administration expects Boeing's basic 737 Max jet to be returned to service as late as June, according to sources speaking to Reuters. It follows a meeting of 737 MAX among more than 30 global airline regulators on Thursday.
Big Lot – Big Lot was downgraded to "neutral" from "overweight" by Piper Jaffray, worried about the dealer's exposure to tariffs on goods from China.
Constellation Brands – Liquor and beer producer was downgraded to "equilibrium" from "overweight" at Morgan Stanley, primarily on valuation after a 36% jump from a January 9 low. Morgan Stanley also points to a possible increase in beer demand this summer.
