Gap–The retail giant earned 58 cents per share for the first quarter, one cent above estimates, with revenue essentially in line. The parent of Old Navy, Gap, and Banana Republic saw its results impacted in part by weaker foreign currencies. Gap also saw a one percent decline in same store sales, its first drop in several years.
Ross Stores–Ross matched estimates with first quarter profit of $1.15 per share, with the discount retailer raising the lower end of its full-year forecast. The company said its bottom line was helped by inventory and cost controls, as well as higher sales.
Aeropostale–The retailer lost 52 cents per share for the first quarter, smaller than the 72 cent loss forecast by analysts. Revenue, however, was below consensus, and the teen apparel retailer also forecast a wider than expected second quarter loss amid falling sales.
Gamestop – The video game retailer beat estimates by two cents with first quarter profit of 59 cents per share. Gamestop is also forecasting a 12 to 19 percent increase in second quarter same-store sales, as it benefits from strong demand for new gaming consoles from Microsoft and Sony.
Brocade Communications–Brocade matched estimates with fiscal second quarter profit of 19 cents per share. The networking solutions company also initiated a dividend of 3-1/2 cents per share.
Marvell Technology–Marvell reported first quarter profit of 27 cents per share, excluding certain items, beating estimates by five cents. Revenue was strongly above forecasts, and the chip maker also sees current quarter results above forecasts due to stronger demand for its LTE-related products.
TiVo –The digital video recorder maker beat estimates by a penny with first quarter profit of seven cents per share, though its current quarter revenue forecast is below estimates. TiVo did see strong subscription growth in Europe, and subscribership crossed 4.5 million members during the quarter.
Google–The search giant is said to be developing a new 7-inch tablet with 3-D image capability, according to the Wall Street Journal.
Duke Energy–Duke has struck an agreement with the EPA to clean coal ash spilled into North Carolina's Dan River by one of its retired plants.
—By CNBC's Peter Schacknow
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