Actionable news
All posts from Actionable news

Early movers: JCP, FL, HLT, GS, WEN, HPE, JWN, GPS, PSO, GOOGL & more

Check out which companies are making headlines before the bell on Friday:

J.C. Penney — The retailer reported adjusted quarterly profit of 64 cents per share, three cents a share above estimates. Revenue missed forecasts, however, and a comparable-store sales drop of 0.7 percent was wider than the consensus Thomson Reuters estimate of a 0.1 percent decline. Penney also announced plans to close up to 140 stores over the next few months, as well as two distribution centers.

Foot Locker — The athletic footwear and apparel retailer earned an adjusted $1.37 per share for its latest quarter, five cents a share above estimates. Revenue matched forecasts. Same-store sales were up 5.0 percent, better than the consensus 4.6 percent increase estimate from Thomson Reuters. Foot Locker did say the retail environment for 2017 will be "challenging."

Hilton Worldwide — The hotel operator announced a $1 billion stock repurchase program, and also said it was changing its corporate name to Hilton Inc. effective March 6. It will continue to trade on the New York Stock Exchange under the "HLT" ticker symbol.

CoreCivic, Geo Group — Private prison stocks are getting a boost after the Trump administration rescinded an Obama administration order that had moved to phase out private prisons.

Goldman Sachs — Goldman was downgraded to "sell" from "hold" at Berenberg, citing valuation. Berenberg said that all of Goldman's...