Market Focus

Sears

Sears reported disappointing results, extending a string of losses as sales continue to decline. This comes even as the company has completed a number of financial moves to help profitability. Shares were off four percent to $39.01.

Tesla

Panasonic plans to send hundreds of its employees to Tesla’s Gigafactory in Nevada to prepare for production at the plant. The two firms are partnering up to make lithium-ion batteries for electric cars. Shares popped nearly three percent to $256.29.

Dave & Busters

Dave & Busters reported a higher profit for the first quarter, bolstered by revenue gains. On that earnings beat, the arcade and restaurant chain raised its revenue outlook for the year. Shares rallied initially after the close. The stock ended the regular trading day slightly lower at $33.25.

H&R Block

H&R block reported mixed quarterlies. The tax prep company beat on the bottom line, but revenue missed the mark. Shares were volatile after the bell. Before the close the stock was off a fraction to $31.25.

FedEx

Fedex will hike its dividend by 25 percent. The package delivery giant’s payout is now 25 cents a share and is payable in July to shareholders on record as of June 18th. Shares didn’t move initially on the news. During regular trading shares were off one percent to $179.89

This entry was posted in Market Focus. Bookmark the permalink.

Leave a Reply