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The Motley FoolMay 21, 2019
Weak Same-Store Sales and Larger Net Loss Send J.C. Penney Stock Down More Than 11% Tuesday Morning
The retailer continues to struggle to turn its business around.

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Home Depot same-store sales disappoint, warns of tariff impact (Reuters Business)
UPDATE 3-Home Depot same-store sales disappoint, warns of tariff impact (Reuters Company News)

Reuters BusinessMay 21, 2019
J.C. Penney sales fall short, net loss doubles; shares sink
Same-store sales fell more than expected at J.C. Penney Co Inc in the first quarter and its net loss nearly doubled after the retailer exited its appliance and in-store furniture businesses, sending shares down more than 9% on Tuesday.

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UPDATE 4-J.C. Penney sales fall short, net loss doubles; shares sink (Reuters Company News)

MarketWatch MarketPulseMay 21, 2019
Qorvo's stock bounces sharply, despite profit and revenue guidance cut on Huawei ban
Shares of Qorvo Inc. bounced 8.7% in morning trade Tuesday, following a 16.5% plunge over the past three sessions, although the chip maker cut its profit and sales outlook in the wake of U.S. actions against China-based Huawei Technologies Co. Ltd. Qorvo lowered its earnings-per-share guidance to $1.15 at the midpoint of its range from $1.30 at the midpoint, compared with the FactSet consensus of $1.29. the revenue outlook was lowered to a range of $730 million to $750 million from $780 million to $800 million, compared with the FactSet consensus of $785 million. For the second quarter, Qorvo said it now assumes no sales to Huawei, and projects revenue to be "roughly flat" with the first quarter, while the current FactSet consensus of $826 million implies growth of 10% to 13% above the new first-quarter guidance. Qorvo's stock has rallied 9.7% year to date, while the PHLX Semiconductor Index has climbed 19.4% and the S&P 500 has gained 14.0%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



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Kohl's cuts profit forecast after weak first quarter, shares slump (Reuters Business)

Google Business NewsMay 21, 2019
Home Depot earnings beat despite wet start to spring - CNBC
Home Depot earnings beat despite wet start to spring  CNBCHome Depot beats 1Q earnings expectations, misses on same-store sales  Yahoo FinanceView full coverage on Google News

Google Business NewsMay 21, 2019
We're Seeing Some Concerning Signs From Retail as Home Depot, Kohl's Report - TheStreet.com
We're Seeing Some Concerning Signs From Retail as Home Depot, Kohl's Report  TheStreet.comKohl's, JC Penney earnings disappoint, sparking sell-off of department store stocks  CNBCJCPenney, Kohl's disappoint and stocks crater  Fox BusinessDepartment-Store Woes Worsen; Kohl's, J.C. Penney Sales Miss  BloombergKohl's Earnings, Guidance Weak, Kohl's Stock Dives; JC Penney Loss Swells  Investor's Business DailyView full coverage on Google News
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