Among the companies with shares expected to actively trade in Friday’s session are Aeropostale Inc.(ARO), Fresh Market Inc.(TFM) and GameStop Corp.(GME)
Aeropostale Inc.’s fiscal first-quarter loss widened as the youth-focused apparel retailer was unable to stem falling sales. Aeropostale, which operates children’s and teen retail chains, has faced challenges in its core basics business, especially with its graphic T-shirts and fleece offerings that haven’t resonated with fashion-conscious teen shoppers. Shares fell 18% to $3.69 premarket.
Fresh Market Inc.’s first-quarter earnings fell by more than half as higher costs masked a double-digit increase in sales that benefited from special promotions and the Easter holiday, partially offsetting the negative impact of harsh winter weather. Shares rose 8% to $31 premarket.
GameStop Corp. said its fiscal first-quarter earnings rose 25% as continued strong demand for Microsoft Corp.'s(MSFT) Xbox One and Sony Corp.'s(6758.TO) PlayStation 4 led sales growth. Shares rose 5.6% to $38.95 premarket.
Foot Locker Inc.(FL) on Friday said its fiscal first-quarter profit rose 17%, as sales and margins improved. The results handily topped analysts’ expectations. Shares rose 2.8% to $49.50 premarket.
Marvell Technology Group Ltd.'s(MRVL) earnings nearly doubled driven by better-than-expected demand in its LTE solutions segment, the company said. The chipmaker, which specializes in microprocessor architecture and digital-signal processing, has benefited from an uptick in demand from mobile, wireless and storage customers. However, its outlook for the current quarter was mostly below analysts’ expectations. Shares fell 1.2% to $15.40 premarket.
TiVo Inc.(TIVO) swung to a first-quarter profit as the maker of television set-top boxes reported the highest level of subscriptions in the company’s history and an increase in its service and technology revenues. Shares rose 4.6% to $12.48 premarket.
Gap Inc.(GPS) reaffirmed its full-year outlook as the apparel retailer reported a 22% decline in first-quarter earnings, hurt by weakening foreign currencies.
Hewlett-Packard Co.(HPQ) said its fiscal second-quarter profit rose 18%, but the computer maker recorded another quarter of lower revenue and said it plans to eliminate more jobs as part of an ongoing restructuring.
Hibbett Sports Inc.(HIBB) posted an 8.3% rise in fiscal first-quarter earnings, with the sporting-goods retailer saying it is benefiting from stronger demand in footwear and apparel.
Ross Stores Inc.'s(ROST) fiscal first-quarter earnings rose 4% as the off-price retailer benefited from sales growth as well as inventory and cost controls.
Shoe Carnival Inc.(SCVL) sales were hurt by harsh winter weather conditions and weak traffic, as the company reported a 4% earnings drop for the first quarter. The Indiana footwear and accessories chain’s results missed expectations, and the company issued a weaker projection for the current quarter.
Zumiez Inc.(ZUMZ) said its fiscal first-quarter earnings were essentially flat with the year-ago period, though the teen apparel and sports-equipment retailer saw net sales increase.
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