Best Buy sinks, AutoZone heads in reverse, Toll Brothers jumps
Here are some of the stocks the Yahoo Finance team will be watching for you today.
Best Buy (BBY) shares sank in early trading. Although the consumer electronics retailer reported better-than-expected earnings and revenue for the first quarter, sales fell 1.4% from a year ago. The company also gave a weak outlook for the current quarter and said its CFO Sharon McCollam will be stepping down next month.
AutoZone (AZO) posted earnings and revenue for its fiscal third quarter that missed analysts' estimates. The auto supplies retailer blamed the shortfall on bad weather in certain areas of the country.
Toll Brothers (TOL), the biggest U.S. luxury home builder, reported a beat on both it top and bottom lines for its fiscal second quarter as profit margins improved from a year ago thanks to strong demand for high-end homes, which drove up sales 31%.
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Toyota (TM) recalled an additional 1.6 million vehicles to replace potentially faulty side-front passenger air bag inflators made my Japan's Takata. The latest recall includes Toyota, Scion, and Lexus from model years 2006 through 2011.
Facebook (FB) is changing the way they display 'Trending Topics' after a report alleged they suppressed conservative stories. After an internal investigation - Facebook says there was no evidence of political favoritism – and that conservative and liberal topics were featured at virtually identical rates.