Investing.com - Stocks in focus in pre-market trade Tuesday:
• Target (NYSE:TGT) stock tumbled 9.63% by 7:51 AM ET (12:51 GMT) after both third-quarter revenue and profit missed expectations.
• Lowe’s (NYSE:LOW) stock sank 5.82% after the increase in third-quarter comparable sales came in under estimates and the company cut its full-year sales forecast.
• Kohl’s (NYSE:KSS) stock plunged 9.76% despite better-than-expected quarterly results as the company’s increased full-year profit forecast range still fell below analysts’ expectations.
• Best Buy (NYSE:BBY) stock fell 1.93% as investors weighed better-than-expected third-quarter results with a target range outlook for earnings per share that barely matched consensus at the top.
• Campbell Soup (NYSE:CPB) stock traded up 4.29% after fiscal first-quarter results beat on the top and bottom lines.
• Hormel Foods (NYSE:HRL) stock dropped 0.13% as fiscal fourth-quarter revenue missed expectations but adjusted diluted earnings per share beat.
• Intuit (NASDAQ:INTU) stock gained 1.99% after quarterly profit smashed expectations and its second-quarter outlook topped consensus.
• L Brands (NYSE:LB) stock sank 7.81% after the company cut its annual dividend in half.
• Pure Storage (NYSE:PSTG) stock jumped 7.82% after quarterly results beat consensus and the company launched a cloud data management suite for Amazon Web Services.
• Urban Outfitters (NASDAQ:URBN) stock rose 1.40% after third-quarter revenue and profit beat expectations and comparable store sales rose more than expected.
• Jack In The Box (NASDAQ:JACK) stock advanced 0.59% as fiscal fourth-quarter sales topped consensus.
• Alphabet (NASDAQ:GOOGL) stock lost 1.31% amid news that its Google unit will invest about $690 million towards a new data center in Denmark.
• Mondelez (NASDAQ:MDLZ) stock declined 0.23% as Bloomberg reported that the company is working with Morgan Stanley (NYSE:MS) on a possible bid for Arnott’s Biscuits.