In the news: Toll Brothers beats, Home Depot hacked, CVS changes name and more

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Wednesday headlines include: Toll Brothers beating earnings estimates, Home Depot investigating possible hacking, CVS ending tobacco sales early and changing its name, Apple saying it is not at fault in celebrity photo hacking and Abercrombie & Fitch stepping up corporate compliance and ethics efforts to settle a lawsuit.

Toll Brothers

Homebuilder Toll Brothers ( TOL ) said Wednesday that it earned 53 cents per share in the third quarter on $1.06 billion in revenue. Analysts had expected the company to earn 46 cents per share on $980 million in revenue.  The luxury homebuilder sold 1,444 houses in the quarter at an average selling price of $732,000.

Home Depot

Home improvement retailer Home Depot ( HD ) said Tuesday that it is working with banks and law enforcement to investigate "unusual activity" that likely points to an attack by hackers . Paula Drake, a spokeswoman for the company, said customers will be notified if a breach is confirmed.


CVS Caremark

Drug store chain and prescription benefit manager CVS Caremark ( CVS ) is accelerating its transition to an even more healthcare-focused operation. The company announced that it will stop selling tobacco a month earlier than planned and will also change its corporate name to CVS Health. Signage on stores remains unchanged, but the cigarettes and cigars that were supposed to be out of stores by Oct. 1 have been replaced with products focused on smoking cessation.

Apple

Apple ( AAPL ), which previously said it was looking into how hackers obtained photos of a number of celebrities stored on its iCloud service, now claims the photos were obtained by the hacking of individual accounts, indicating no larger issues with the company's security.

Abercrombie & Fitch

Apparel retailer Abercrombie & Fitch ( ANF ) reached a negotiated settlement Friday with a group of shareholders how objected to the company's payment of more than $140 million in compensation to CEO Mike Jeffries since 2007. The settlement, which still requires court approval, will see the company appoint a chief ethics and compliance officer and also link executive compensation more closely to performance.


This article was originally published on MarketIntelligeneCenter.com



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Earnings , Technology

Referenced Stocks: TOL , HD , CVS , AAPL , ANF

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