Macy’s (NYSE:M): Macy’s has reported earnings per share of 72 cents, missing the mark by 6 cents, with revenues of $6.06 billion, missing by $0.22 billion as admittedly soft sales pulled performance down. Comparable store sales fell 0.8 percent during the period, including Macy’s online business, which is usually rather strong. The company is now expecting full-year EPS guidance at $3.80 to $3.90, versus $3.90 to $3.95 previously.
Deere & Co. (NYSE:DE): Deere is trading down before its earnings call after the company reported EPS of $2.56, beating by 40 cents, and revenues of $10.01 billion, beating by $0.73 billion. “Deere’s success is a reflection of considerable strength in the farm sector, especially in North and South America,” said CEO Samuel Allen, though his enthusiasm seems lost on investors. Net sales of equipment operations gained 4.3 percent to $9.316 billion, with U.S. and Canada up 4 percent; the rest of the world saw increases of 5 percent.
Barclays PLC (NYSE:BCS): Chief Financial Officer Chris Lucas will leave his job and the company’s board on Friday, six months earlier than planned due to ill health. Tushar Morzaria, formerly of JPMorgan, will take over as CFO and become a board member on October 15. Financial Controller Peter Estlin will be the interim finance chief until then.
America Movil SA de CV (NYSE:AMX): An independent foundation with the power to prevent America Movil’s 7.2 billion euro acquisition of KPN has expressed some concerns about the deal, saying “there is considerable uncertainty about América Móvil’s intentions” and, citing a lack of information, “including (about) KPN’s intention to sell its German subsidiary E-Plus.”
Weyerhaeuser Co. (NYSE:WY): Weyerhaeuser has received preliminary indications of interest for its home-building unit from unnamed suitors, causing its shares to rise over 4 percent. The company mentioned in June that it was exploring its options for the $3 billion unit, which boasts thousands of lots that are ready or close to ready for construction, especially in California.