Coach (NYSE:TPR) took a big hit today, after reporting a 21% decline in same-store sales in North America. The company is looking to counter this by expanding beyond handbags to other fashion, but will the move be enough if the brand is losing popularity?
Sprint (NYSE:S), meanwhile, moved upward today after announcing a slight increase to first-quarter revenue, with operating income hitting a seven-year high. The company did, however, also report a net loss of nearly half a million subscribers. Elsewhere in the telecom space, Wi-Fi provider GOGO (NASDAQ:GOGO) pulled back today, after AT&T (NYSE:T) announced that it would introduce 4G Internet access on commercial flights in late 2015.
And finally, Merck (NYSE:MRK) delivered a beat on earnings this quarter, though the beat was largely due to cost cutting, as patent expirations drove sales down for the quarter.
In this segment from Tuesday's Investor Beat, host Alison Southwick and Motley Fool analysts Mike Olsen and Brendan Mathews discuss four stocks making moves on the market today.
Alison Southwick owns shares of AT&T. Brendan Mathews and Michael Olsen, CFA, have no position in any stocks mentioned. The Motley Fool recommends and owns shares of Coach. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.