Macy's, Inc. (M) opened in the green today after the company reaffirmed its full-year guidance as April sales picked up after a harsh winter. The department store that caters to mid and upscale customers also announced its first-quarter results for fiscal year 2014 (1QFY14; ended May 3, 2014). The company managed to beat earnings estimates but fell short on account of revenues for the thirteen-week period.
Facebook Inc. (FB) is set to report results for the first quarter of its fiscal year 2014 (1QFY14) after markets close today. It is expected that the company will beat analysts’ estimates for earnings and revenues.
Five Below, Inc. (FIVE), the extreme-value merchandizer, reported fourth quarter as well as its full 2014 fiscal year results (4QFY14 ended: February 1, 2014). Shares of the specialty retailer rallied in extended trading as the company beat the Street's earnings projections, and issued guidance above the analysts' estimates.
Five Below's shares are trading at $43.95 apiece at 4:30 am EST on Wednesday, thereby recording a jump of 15.6% in aftermarket hours.
Best Buy Company Inc. (BBY) , the leading specialty retailer of consumer electronic products, recently boosted its quarterly dividend by 7.1%. The board has approved an increase in annual dividend to 60 cents (or 15 cents quarterly) from 56 cents a share (or 14 cents quarterly).
Washington-based Amazon.com, Inc. (AMZN) is set to report its second-quarter earnings for its fiscal year 2014 (2QFY14, ended June 30, 2014) after markets close tomorrow. The stock gained $1.1, increasing 0.3% to close at $360.84 yesterday.
Peabody Energy Corporation (BTU) announced second-quarter earnings for fiscal 2014 (2QFY14; ended June 30. 2014) before the opening bell today. The St. Louis, Missouri-based coal company beat revenue estimates, and posted an adjusted per share loss that was in line with consensus estimates.
Canadian National Railway Co. delivered a third quarter result Tuesday that was ahead of expectations on the back of record revenue during the quarter aided by its crude-by-rail model.
The country’s largest railway also said its board of directors had approved a two-for-one stock split of its common shares, and a new share repurchase program aimed at buying back up to 15 million of its outstanding shares, or 4.1%, for cancellation over the next year.
Public Service Enterprise Group Inc. (PEG) increased its quarterly common stock dividend to 34.25 cents per share, a 3% raise over the company's existing quarterly dividend rate of 33.25 cents. This indicates an annual dividend of $1.37 per share.