Stocks Close off Session Lows

Manage episode 191591612 series 1048512
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Stocks finished largely lower with the three benchmark indexes all closing in the red. Shares of Dick's Sporting Goods Inc. fell after the company issued downbeat earnings outlook for 2018. The sporting goods retailer said 2018 earnings could drop as much as 20%. The company topped third-quarter estimates on Tuesday, posting adjusted earnings of 30 cents a share on revenue of $1.94 billion. Advance Auto Parts Inc. shares jumped higher despite posting mixed third-quarter results. Adjusted earnings of $1.43 a share beat expectations, but revenue of $2.18 billion missed forecasts. The company also posted a wider-than-expected decline in same-store sales, down 3.4%. Shares of TJX Cos. Inc. declined after the company said comparable sales for this quarter were flat, missing estimates. The parent company of TJMaxx and Marshalls reported earnings of $1 per share, which was in-line with analyst expectations, and sales of $.8.8 billion, which just missed estimates. Watch More with TheStreet: Jim Cramer Reveals What to Watch in Target's Earnings Jack Ma: Alibaba CEO or International Man of Mystery? Augmented Reality Beauty - Try Before You Buy GE Is the Last of the Original 'Dirty Dozen' Dow Stocks: Here Are the Other 11 Don't miss the best videos of the week. Put Wall Street on Rewind and sign up for our weekly newsletter.

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