Market Focus


Coach caught a break, posting earnings and revenue that topped estimates. The luxury goods maker’s sales were better than expected for the first time in four quarters, helped by strong demand in international markets, especially China. Even though its results beat, the retailer’s profit was down from a year ago and its costs and expenses increased. Still, shares popped four percent to $35.80.


Toyota saw its profits rise. Earnings got a boost from growth in the U.S. and Europe, while sales in emerging markets were weak. The auto maker did cut its vehicle forecast for 2014. Still shares were slightly higher at $119.03.

Office Depot

Office Depot said its second-quarter sales climbed. The company says its continuing to benefit from its merger with OfficeMax, but higher expenses caused the company’s loss to widen. Earnings and revenue beat estimates. Despite that, the stock dropped more than three percent to $4.94.


Groupon reported second-quarter results after the bell. The daily deals website announced a wider loss as an increase in revenue was offset by a jump in e-commerce spending. Its third quarter revenue guidance was at the low range of forecasts. Shares initially plunged after the close, during the regular session shares were up a fraction to $7.07.


Zillow also out with a wider loss, but revenue topped analyst estimates as traffic increased as more agents used its home-listing service. It also upped its full-year revenue outlook. After the bell shares were volatile, during the regular session the stock was down 2.5 percent to $141.06.

CVS Caremark

CVS Caremark had healthy earnings to report. The pharmacy operator saw its profits rise as it experienced growth in its services and retail businesses. It also upped its earnings guidance for the full year. Despite all that, shares were off a little at $77.27.


Sales at Walgreen were higher in July, as strong results from its pharmacy unit helped offset weaker front-end traffic. Also there’s a report that Walgreen will buy the remaining 55 percent of British drug store chain Alliance Boots for nearly, $8.5 billion, but it says it will retain its headquarters in the U.S. The stock fell after that announcement and then came back a little, still closing down four percent to $69.12.

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