Check out which companies are making headlines before the bell:
Chevron — The energy giant was upgraded to “neutral” from “sell” at Goldman Sachs, which points to a higher oil price outlook and its relatively underperformance versus the S&P 500 and against rival Exxon Mobil.
Hibbett Sports — The sporting goods retailer reported quarterly profit of 76 cents per share, 3 cents below estimates, with revenue matching forecasts. The company did say that sales were impacted by weather-related closures during the quarter, as well as a later start to tax refund season.
The Buckle — The apparel and footwear seller came in 5 cents above estimates with quarterly earnings of $1.13 per share, while revenue was in line with Street estimates. Comparable-store sales fell 7.2 percent during the quarter.
Genesco — The apparel retailer missed estimates by 2 cents with adjusted quarterly profit of $2.11 per share, while revenue was also short of forecasts. The company had warned of lower-than-expected results back in January as it pushed to clear inventory.
Bojangles — The fried chicken restaurant chain beat estimates by 3 cents with adjusted quarterly profit of 22 cents per share. Revenue also beat forecasts, with same-store sales rising 0.6 percent.
El Pollo Loco — El Pollo Loco reported adjusted quarterly profit of 15 cents per share, 2 cents above estimates, but the restaurant chain’s revenue came in below Street forecasts. El Polo Loco also gave a weaker than expected forecast for 2016, saying sales initiatives put into place last year are taking hold but will take time to have their full impact.
Ulta Salon — Ulta earned $1.69 per share for its latest quarter, 15 cents above estimates, while revenue came in slightly above Street projections. The cosmetics company saw a 12.5 percent increase in same-store sales during the quarter, and is expecting strong earnings growth for 2016.
Zumiez — Zumiez said its sales during the current quarter would decline because of weakness at the action sports apparel retailer’s existing stores. CEO Rick Brooks said he was “disappointed” with the company’s performance, even though he considers the retail environment “challenging.”
Colgate-Palmolive — The consumer products maker increased its quarterly dividend by 3 percent to 39 cents per share.
State Street — Chief Financial Officer Michael Bell will leave that job approximately a year from now. The intervening period will be used to allow the financial services firm to conduct a search for his successor.
United Continental — The airline struck a revenue-sharing deal with Air New Zealand, taking advantage of the country’s increasing popularity with tourists. United Airlines will launch flights to Auckland from San Francisco in July, and will make those flights daily in November.
American Express — The company unveiled a plan to generate more revenue from existing customers, by getting more merchants to accept its cards and encouraging those customers to spend more with Amex rather than other cards.
Questions? Comments? Email us at email@example.com