Yahoo Finance is tracking Foot Locker, Nvidia, Gap and Deere in intraday trading on Friday.
Foot Locker (FL) – The athletic footwear an apparel maker disappointed Wall Street, reporting first-quarter earnings that fell short of analyst expectations. Foot Locker posted earnings of $1.36 a share on revenue of $2.00 billion. Analysts were expecting EPS of $1.38 and revenue of $2.02 billion. Chairman and CEO Richard Johnson said, “The slow start we experienced in February, which we believe was largely due to the delay in income tax refunds, was unfortunately not fully offset by much stronger sales in March and April. “
Nvidia (NVDA) – The tech company got a bullish call from Bernstein. Analyst Stacy Rasgon initiated coverage on the stock with an outperform rating and a price target of $165 a share. Nvidia, which is Yahoo Finance’s 2016 company of the year, has recently seen its stock price soar. Shares are up about 28% so far this year and have jumped nearly 214% over the past year.
Deere & Company (DE) – The heavy equipment maker beat Wall Street earnings estimates and lifted its revenue guidance for the year after posting its first increase in sales in 13 quarters. Deere posted adjusted earnings per share of $1.94 on revenue of $8.29 billion. Analysts were expecting EPS of $1.68 and revenue of $7.32 billion.
Gap (GPS) – An 8% same-store sales jump at Old Navy helped offset a 4% drop at both Gap and Banana Republic during the first quarter. Overall same-store sales were up 2%. Gap posted EPS of 36 cents and revenue of $3.44 billion, topping Wall Street estimates on both the top and bottom lines.
For more on Friday’s big stock movers, check out the Final Round, live at 4 p.m. ET, right here on Yahoo Finance.