Macy’s offered a more cautious annual profit outlook after reporting sluggish sales for the holiday quarter. The company also said sales and margins in the current quarter would be hurt by disruptions at the West Coast ports. Shares tumbled more than three percent to close at $62.10.
Hewlett-Packard saw its profit fall as sales of desktop computers fell sharply from a year ago. Also revenue growth slowed across its different segments. The results come as HP prepares to separate its PC business from its corporate hardware business. Along with its results, the company said it would take a charge of more than $1 billion because of that separation. Shares dropped off initially after the bell. Before the close, the stock was slightly higher to $38.49.
Lending Club saw its shares fall right after it reported earnings for the first time since going public. The online loan marketplace’s quarterlies were mostly in-line with estimates. But its profit forecast for the year fell below consensus. And as you can see the stock fell initially after the bell. Before the close the stock was off a fraction to $23.65.
Comcast, the country’s largest cable operator, posted higher fourth quarter revenue as it added new video and internet customers. The company also increased its buyback program to $10 billion and hiked its dividend to $1 a share. The yield on the payout is about 1.5 percent. Shares were almost $1 higher at $59.17.
Disclosure: Comcast is the parent company of CNBC, which produces NBR.
Domino’s Pizza reported earnings that missed Wall Street’s estimates. The company did see revenue rise as it benefited from stronger sales at home and a push to bring its pizza overseas. The overseas deliveries do take longer. Still, shares fell about one percent to $103.53.
SunPower & First Solar
SunPower reported earnings and revenue that came in above estimates, but its guidance for the first quarter was below estimates. Still shares were way up on news it is in talks with first solar on a joint venture. First Solar also reported today, its earnings easily topped estimates, but revenue and first quarter guidance missed. Shares of SunPower surged about 18 percent to $32.80. After the bell First Solar shares were little changed initially. Before the close the stock was up ten percent to $54.70.