Market Focus

Dollar General

Dollar General pops on a profit beat. Sales of tobacco, candy and health products helped the retailer top earnings expectations. Same-store sales were also strong, but revenue was slightly below expectations. Still, shares were up three percent to $74.98.


Medtronic’s results beat on both the top and bottom lines. This was the first quarter to include revenue from the acquisition of the surgical products maker Covidien. The company’s full-year profit outlook was below estimates, citing impact from the strong dollar. Despite that, shares were fractionally higher to $76.88.


New guidance from Delta weighed on its shares today. The airline lowered its forecast for unit revenue, which is a key measure of its performance, on a decrease in business travel. Shares fell 2.5 percent to $43.21.


Several hedge funds have asked Macy’s to consider selling or leasing out some of its major real estate, according to reports. The push is in line with real estate decisions by other major retailers. Shares popped when the news came out and finished the day up 2.5 percent to $68.49.

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