Wednesday, May 14, 2014

Morning Movers: Plug Power Drops on Earnings Miss; Sears Gains on Potential Asset Sale

Stocks ended mixed yesterday. Today, the major indexes all look to be heading lower.

AP

S&P 500 futures have dropped 0.2%, while Dow Jones Industrial Average futures have dipped 0.1%. Nasdaq Composite futures are off 0.2%.

Macy’s (M) blamed the cold weather for a slide in sales but has risen 1.2% to $58.55 thanks to a better-than-forecast profit of 60 cents a share.

URS Corp. (URS) has plunged 7.1% to $43.85 after its profit of 37 cents a share missed the Street consensus by 30 cents.

Plug Power (PLUG) has dropped 3.7% to $3.94 after it reported a loss of 6 cents a share, missing analyst estimates for a loss of 5 cents.

Sears Holdings (SHLD) has gained 1.6% to $44.15 after it said it could sell its 51% stake in Sears Canada.

Deere (DE) has fallen 1.5% to $92.25 after beating earnings forecasts but lowering its full-year sales guidance.

SodaStream (SODA) has declined 3.6% to $39.65 after it reported a profit of 8 cents a share, ahead of forecasts for 1 cent. It said earnings would grow 3% in 2014.

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