By Geoffrey Smith
Investing.com -- Stocks in focus in premarket trade on Tuesday, March 3rd. Please refresh for updates.
- Apple had cited supply chain constraints at its Chinese factories as one of two factors for its warning in February that it would not meet its sales targets in the current quarter.
- Chevron is holding an investor day in New York on Tuesday.
- For 2020, Target) said it expects a low-single digit increase in comparable sales and a mid-single digit increase in operating income.
- Kohls (NYSE:KSS) stock rose 3.4%, but pared earlier gains, after the department store posted better-than-expected earnings and raised its dividend by some 5%.
- Kohls said adjusted earnings per share fell to $1.99 from $2.24 a year ago, but that was still around 5% above consensus forecasts.
- Comparable store sales in the holiday quarter were flat from a year ago, supporting hopes that the chain can arrest its long-term decline under pressure from online shopping alternatives.
- Square (NYSE:SQ) stock was down 1.0% after the company priced its offering of convertible notes.
- The stock had fallen 3.2% on Monday, missing out on the broader rally, on news of the issue being prepared.