Yahoo Finance is tracking Tiffany, Fiat Chrysler, Advance Auto Parts and Intuit in intraday trading on Wednesday.
Tiffany (TIF) – Shares of the upscale jewelry maker are falling after weak quarterly sales and a surprise decline in same-store sales worried Wall Street. One big problem facing Tiffany is that the strong US dollar has triggered a slowdown in spending by tourists. Worldwide same-store sales dropped 3%, more than the 1.6% decline analysts were expecting.
Fiat Chrysler (FCAU) – The automaker responds to a civil lawsuit filed by the US Justice Department, accusing the company of cheating on government emissions tests. Fiat Chrysler said in a statement that it “plans to defend itself vigorously.” The suit alleges that the automaker used software to bypass emission controls in 104,000 Jeep Grand Cherokee SUVs and Ram pickup trucks.
Advance Auto Parts (AAP) – The company reported a miss on earnings and revenue in its first quarter. Advance Auto Parts posted adjusted earnings of $1.60 per share on revenue of $2.89 billion. Analysts were calling for profit of $2.16 per share and revenue of $2.95 billion. Same-store sales also disappointed investors, falling 2.7%, a bigger drop than the expected 1.2% decline.
Intuit (INTU) – The software company posted better-than-expected fiscal third-quarter earnings and lifted its guidance, driven by strong results in QuickBooks, its small business segment. QuickBooks online subscriber growth jumped 59% during the quarter to a total of 2.2 million. Revenue rose 10% to $2.54 billion.
For more on Wednesday’s big stock movers, check out the Final Round, live at 4 p.m. ET, right here on Yahoo Finance.