Lowe's Cos Inc shares surged over 11% on Wednesday as the home improvement chain's efforts to focus on higher-spending customers helped it beat quarterly profit estimates and gain ground on larger rival Home Depot Inc .
* Beats same-store sales estimates for second time in six
Aug 20 Home Depot Inc beat quarterly
profit estimates on Tuesday as it sold more big-ticket items to
high-spending builders and handymen, while flagging the
potential impact of U.S. President Donald Trump's ongoing trade
tussle with China on consumers.
Tapestry Inc shares tumbled to their lowest in over a decade on Thursday after the high-end fashion house forecast a surprise fall in first-quarter revenue and profit and said it was not sure when same-store sales at Kate Spade would rise.
BEIJING Luckin Coffee turned in a bigger-than-expected loss as costs ballooned on store openings and heavy discounts aimed at competing with Starbucks , driving the Chinese firm's U.S.-listed stock down sharply on Wednesday.
* Revenue soars seven fold, but operating costs up three
U.S. meat processor Tyson Foods Inc said on Monday it will rebuild a Kansas beef plant after a fire heavily damaged the facility last week and that full-time, active employees would be paid weekly until production resumes.
Beyond Meat Inc's shares tumbled on Monday on plans for another stock offering just three months after its IPO while demand for its plant-based burgers and sausages prompted an increase in its full-year sales forecast. | Video
Mattel Inc saw a big boost in demand for its action figures after the worldwide success of the latest "Toy Story" movie while a Barbie makeover lifted sales of the iconic doll, helping it report a surprise rise in quarterly revenue.
* Indexes down: Dow 0.39%, S&P 0.22%, Nasdaq 0.47%
(Updates to early afternoon)