Yahoo Finance is tracking Lululemon, Deere, Conagra Brands, Pinnacle Foods and Restoration Hardware in intraday trading on Friday.
Lululemon (LULU) – Shares of the yoga-wear maker are jumping after first-quarter earnings topped Wall Street expectations on both the top and bottom lines. Lululemon reported earnings per share of 32 cents on revenue of $520.3 million. The retailer announced plans to close most of its Ivivva stores, its brand for girls, and boost investment in its e-commerce business. Lululemon’s stock is down about 15% since the start of the year.
Deere & Company (DE) – JPMorgan upgraded its rating on the agricultural equipment maker to neutral from underweight and raised its price target to $122 from $103 per share. Analyst Ann Duignan is bullish on Deere’s $5.2 billion acquisition of Wirtgen, a German road construction firm.
Pinnacle Foods (PF), Conagra Brands (CAG) – Conagra has reportedly concluded talks to acquire Pinnacle Foods after the two companies could not agree on a price. Shares of Pinnacle Foods fell nearly 8% after CNBC first reported that the talks ended.
Restoration Hardware (RH) – The furniture chain’s shares are plunging after the company cut its earnings guidance. RH reported adjusted earnings per share of 5 cents on sales of 562.1 million, a 23% increase from a year earlier. Restoration Hardware’s stock is up about 38% since the start of the year.
For more on Friday’s big stock movers, check out the Final Round, live at 4 p.m. ET, right here on Yahoo Finance.