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TJX Companies Inc. shares rose 1.7% in Tuesday premarket trading after the off-price retailer reported third-quarter earnings that beat estimates. Net income was $549.8 million, or 83 cents per share, down from $587.3 million, or 86 cents per share, for the same period last year. Adjusted earnings per share were 91 cents, beating the 87-cent FactSet consensus. Sales totaled $8.3 billion, up from $7.8 billion last year and beating the $8.2 billion FactSet consensus. Same-store sales increased 5%, beating the 3.4% increase FactSet forecast. Full-year fiscal 2017 adjusted EPS is now expected to be $3.46 to $3.48, up from $3.39 to $3.43 due to the strong third-quarter results. The FactSet consensus is $3.48. TJX shares are up 4.7% for the year so far while the S&P 500 Index is up 5.9% for the same period.

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BeyondSpring, a biopharmaceutical company focused on cancer therapy, filed Tuesday to go public in an offering of up to $100 million. The company has operations in the United States and in China. The number of shares and price range have not yet been determined. The company has applied to list its stock on the Nasdaq Global Market under the symbol “BYSI.” The offering is being underwritten by Citigroup, Guggenheim Securities and FBR.

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The U.S. Postal Service said it expects to deliver about 750 million packages during the peak holiday season, up 12% from the same period a year ago. The Post Office said it expects the busiest mailing day for packages, letters and cards to be Dec. 19, the Monday before Christmas, and the busiest delivery day to be Thursday, Dec. 22. About 30 million packages are expected to be delivered on the peak delivery day. Sunday deliveries will be expanded to all locations beginning Nov. 27. The Post Office said it will hire more than 35,000 seasonal employees to help meet the increased delivery demand.

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Dick’s Sporting Goods Inc. shares fell 2.3% in Tuesday premarket trading after the retailer forecast earnings below estimates. Third-quarter net income was $48.9 million, or 44 cents per share, up from $47.2 million, or 41 cents per share last year. Adjusted earnings per share were 48 cents, beating the 42-cent FactSet consensus. Revenue was $1.81 billion, up from $1.64 billion last year and beating the $1.77 billion FactSet consensus. Same-store sales jumped 5.2%, beating the 2.8% FactSet consensus. On Nov. 2, Dick’s completed the purchase of intellectual property for Golfsmith International Holdings Inc., along with rights to acquire store leases and inventory for 30 stores. The company plans to retain 30 Golfsmith stores to convert to the Golf Galaxy brand. Dick’s sees fourth-quarter adjusted earnings per share in the range of $1.19 to $1.31. The FactSet consensus is $1.32. The retailer sees a same-store sales increase of 3% to 6%. The FactSet consensus is for a 4.2% increase. Dick’s shares are up 72.3% for the year so far while the S&P 500 Index is up 5.9% for the same period.

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Finish Line Inc. said Tuesday that it will explore strategic alternatives for its JackRabbit running store chain, as the athletic shoe retailer looks to simplify its business and focus on its Finish Line brand. The alternatives could include a potential sale of the chain, but there is no timeline or assurance that a sale could occur. Finish Line said it expects to record a $44 million impairment charge in its third quarter ending November as a result of the exploration of alternatives. The stock, which was still inactive in premarket trade, has soared 27% year to date, while the SPDR S&P Retail ETF has gained 4.7% and the S&P 500 has climbed 5.9%.

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United Parcel Service Inc. said Tuesday it expects record deliveries this holiday season, with over 700 million packaged expected to be delivered between Thanksgiving and New Year’s Eve. The company expects the peak holiday delivery volume to rise more than 14% from the same period in 2015, with two more operating days this year. UPS expects a record 13 of the 21 days before Christmas to have deliveries of more than 30 million packages, compared with about 18 million package deliveries during typical non-peak periods. “Online and mobile commerce is simultaneously creating new opportunities and challenges for the retail industry, yet a constant remains: the holiday season is the most important time of the year for retailers,” said Kate Gutman, senior vice president of sales and solution. The stock, which was still inactive in premarket trade, has run up 17% year to date, while the S&P 500 has gained 5.9%.

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George Soros’s hedge fund Soros Fund Management bought stakes in Google’s holding company Alphabet Inc. and Netflix Inc. in the third quarter, according to a regulatory filing on Monday. The hedge fund also reported ownership of Biogen Inc. , Hewlett Packard Enterprise Co. and Priceline Group at the end of September. During the same period, Soros liquidated its shares of Walt Disney Co. , General Motors Co. , Hershey Co. , Anthem Inc. , Delta Airlines , Monsanto Co. and Pandora Media Inc. .

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From:: Stock Market News