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Barnes & Noble blames election for sluggish sales; Palo Alto Networks sinks; Hormel Foods issues upbeat outlook

Yahoo Finance is tracking the stocks you’re following, based on your Yahoo Finance ticker searches.

Palo Alto Networks (PANW) – The security software firm missed on revenue in its fiscal first quarter and issued a second quarter outlook that disappointed investors, sending shares into the red. Palo Alto Networks reported adjusted earnings per share of 55 cents on revenue of $398.1 million.

Hormel Foods (HRL) – The company slightly missed on both the top and bottom lines, reporting fiscal fourth quarter earnings per share of 45 cents on revenue of $2.63 billion. Despite its miss, Hormel Foods is bullish on the future, giving an upbeat outlook for 2017 and increasing its dividend by 17%.

Barnes & Noble (BKS) – The company reported a 3.2% drop in same-store sales in its fiscal second quarter, topping the 5% fall that analysts were expecting. Barnes & Noble’s retail sales were down 3.5% from one year ago as Nook sales dropped 19%. CEO Len Riggio blamed the weak traffic on the election cycle.

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Caterpillar (CAT) – Standard & Poor’s lowered its outlook on Caterpillar, dropping it to negative from stable. S&P’s move was due to a drop in commodity prices and excess inventory of heavy equipment.

Dollar Tree (DLTR) – The company reported mixed earnings results for the third quarter, beating analyst estimates on earnings per share but missing on revenue. Dollar Tree posted EPS of 81 cents on sales of $5 billion.