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 Xbox One and Sony
Corp.'s 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.
Watchlist:
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. (HP) 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.
Write to Maria Armental at maria.armental@wsj.com and Tess
Stynes at tess.stynes@wsj.com
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