Yahoo Finance is tracking Sears Holdings, Best Buy and Williams-Sonoma in intraday trading on Thursday.
Sears Holdings (SHLD) – The department store chain pleased investors by reporting its first quarterly profit in nearly two years, driven by the sale of its Craftsman brand to Stanley Black & Decker. Sears also reported that it’s making strides in its goal to cut costs by $1.25 billion. The company said it cut up to $700 million in costs since February.
Best Buy (BBY) – The electronics giant is bucking the downward trend in retail. Best Buy surprised investors by posting same-store sales of 1.6% for the first quarter. The company warned in March that same-store sales could fall by up to 2%; analysts were expecting a 1.5% drop. CEO Hubert Joly said strong demand for its gaming and mobile products helped boost Best Buy’s results during the quarter.
Williams-Sonoma (WSM) – The retailer topped Wall Street earnings expectations, posting adjusted earnings per share of 51 cents on revenue of $1.11 billion. Analysts expected earnings of 49 cents per share on revenue of $1.11 billion. West Elm was the top-performing brand during the quarter, with revenue jumping 6%. E-commerce net revenues generated about 52% of total company net revenues.
For more on Thursday’s big stock movers, check out the Final Round, live at 4 p.m. ET, right here on Yahoo Finance.