Mixed Forecasts for Major Companies; Lowe's and Best Buy Trim, Medtronic and Dick's Sporting Goods Raise
Analog Devices disappoints investors, Agilent Technologies reports strong earnings, and Martin Marietta Materials sells cement business.
- Lowe's Companies Inc. and Best Buy Co. have both trimmed their earnings and revenue forecasts for the year.
- Medtronic Plc. and Dick's Sporting Goods Inc. have raised their earnings and profit forecasts respectively.
- Analog Devices Inc. gave investors a disappointing financial forecast.
- Agilent Technologies Inc. reported strong fiscal fourth-quarter earnings and revenue.
- Martin Marietta Materials Inc. is selling its south Texas cement business to CRH for $2.1 billion.