By Sue Chang, MarketWatch
SAN FRANCISCO (MarketWatch) -- Among the companies whose shares are expected to see active trade in Wednesday's session are Target Corp., Lowe's Cos., and Williams-Sonoma Inc.
Target (TGT) is projected to report first-quarter earnings of 71 cents a share, according to a consensus survey by FactSet. "We remain concerned the departure of Gregg Steinhafel may foreshadow greater than expected difficulties in both markets. While the appointment of a new CEO and a resetting of expectations could prove a positive catalyst, the stock will likely confront further near-term challenges," said Bob Summers at Susquehanna International in a note.
Lowe's (LOW) is forecast to post first-quarter earnings of 60 cents a share.
Williams-Sonoma (WSM) is likely to report earnings of 44 cents a share in the first quarter. Analysts at UBS on Tuesday raised the stock's price target to $65 from $63 and maintained its rating at neutral.
PetSmart Inc. (PETM) is expected to post first-quarter earnings of $1.01 a share.
Tiffany & Co. (TIF) is forecast to report earnings of 78 cents a share in the first quarter.
Hormel Foods Corp. (HRL) is projected to post earnings of 56 cents a share in the fiscal second quarter.
Trina Solar Ltd. (TSL) is likely to post earnings of 3 cents a share in the first quarter.
NetApp Inc. (NTAP) is expected to report fourth-quarter earnings of 79 cents a share.
L Brands Inc. (LB) is forecast to report first-quarter earnings of 52 cents a share.
After Tuesday's closing bell, Salesforce.com Inc. (CRM) said its first-quarter loss widened to $96.9 million, or 16 cents a share, from a loss of $67.7 million, or 12 cents a share, a year ago. Revenue rose to $1.23 billion from $892.6 million. On an adjusted basis, the cloud-based business software company earned 11 cents a share, slightly ahead of the 10 cents a share projected by analysts. Shares of Salesforce were up 0.8% after hours.
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-Sue Chang; 415-439-6400; AskNewswires@dowjones.com
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05-21-14 0531ETCopyright (c) 2014 Dow Jones & Company, Inc.
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