Yahoo Finance is tracking BlackBerry, Costco, Deckers Outdoor and Big Lots in intraday trading on Friday.
BlackBerry (BBRY) — Qualcomm (QCOM) has agreed to pay BlackBerry $940 million to settle a dispute over royalty payments. An arbitrator had previously ruled that BlackBerry overpaid royalty fees to the chipmaker between 2010 and 2015. In a statement, BlackBerry said Qualcomm will pay the full amount on or before May 31.
Costco (COST) — The warehouse chain reported better than expected fiscal third-quarter results. Costco posted earnings of $1.40 per share on revenue of $28.86 billion. Analysts were expected EPS of $1.31 on revenue of $28.54 billion. Same-store sales also beat expectations. Sales at stores open at least a year rose 5%, driven by a 6% climb in Costco’s U.S. stores. In a research note to shareholders, UBS noted that it’s still bullish on Costco, writing shares have more upside at current levels and that “COST remains one of the better positioned names in retail.”
Deckers Outdoor (DECK) — Shares of the UGGs makers are jumping after posting a surprise profit in the first quarter and issuing better-than-expected full-year guidance. Deckers Outdoor reported fourth-quarter earnings of 11 cents a share on revenue of $369.5 million. Analysts estimated a loss of 6 cents on revenue of $357.6 million. The stock is up about 19% over the past three months.
Big Lots (BIG) – The discount retailer pleased Wall Street by topping profit expectations and raising its second-quarter and full-year earnings outlook. Big Lots reported earnings of $1.15 a share on revenue of $1.30 billion. The stock has climbed about 8.5% over the past year.
For more on Friday’s big stock movers, check out the Final Round, live at 4 p.m. ET, right here on Yahoo Finance.