Dollar General (DG) – The discount retailer reported quarterly earnings of $2.10 per share for its latest quarter, 9 cents a share above estimates. Revenue also beat forecasts. Comparable-store sales were up 3.2%, better than the 2.8% rise predicted by analysts surveyed by Refinitiv. Dollar General also raised its quarterly dividend to 36 cents per share from 32 cents a share.
Party City (PRTY) – The party supplies retailer earned 51 cents per share for its fourth quarter, well below the 88 cents a share consensus estimate. Revenue also missed forecasts, with comparable-store sales falling 5.1% versus a Refinitiv consensus estimate of a 4.9% decline. The company also said CEO Jim Harrison is stepping down on April 1, replaced by retail chief Brad Weston.
CME Group (CME) – CME will close its Chicago trading floor at the close of business on Friday, to reduce large gatherings and help prevent the spread of the
Boeing (BA) – Washington state lawmakers have passed a measure that removes a significant tax break for Boeing and other aerospace companies. The move is an attempt to prevent possible European tariffs on U.S.
Occidental Petroleum (OXY) – Investor Carl Icahn told The Wall Street
General Electric (GE) – The cost of insuring GE debt has jumped to levels last seen in 2018, according to data from information provider Markit and quoted in The Wall Street Journal. The rise is seen as a reaction to GE’s possible business exposure from the
Best Buy (BBY) – Best Buy Executive Chairman Hubert Joly will not stand for re-election at the electronics retailer’s annual meeting in June. Joly – who served as Best Buy CEO until a year ago – will remain as a consultant for one year.
EBay (EBAY) – Activist investor Starboard Value is nominating a slate of directors to the board of the online marketplace, according to people familiar with the matter who spoke to The Wall Street Journal.
Marathon Petroleum (MPC) – Marathon is exploring the sale of assets of its pipeline subsidiary MPLX, according to a Reuters report. The assets could be worth as much as $15 billion.
Anheuser-Busch InBev (BUD) – Anheuser-Busch was upgraded to “outperform” from “sector perform” at RBC Capital Markets, which notes the beer brewer’s “aggressive” debt reduction efforts.