Golf Galaxy, (GGXY: chart), however, lifted the lower end of its profit forecast range, due to solid expense management and a meaningful year-over-year improvement in the gross profit rate at its retail stores. It now sees net income between 19 cents to 22 cents a share versus a prior estimate of 17 cents to 22 cents a share.

Corning Inc, (GLW: chart), technology corporation, reaffirmed its guidance for earnings before items of 24 to 26 cents a share in the Q2 on sales of between $1.29 billion and $1.33 billion. The company said that this outlook includes a negative impact of 1 cent a share from a power outage following a lightning strike at an LCD plant. The company added it expects sequential liquid crystal display glass volume for its Display Technologies business to be between flat and down 5% for Q2, below its previous estimate for volume to be between flat and up 5%.

Hasting Entertainment Inc, (HAST: chart), entertainment products retailer, reported Q1 earnings of 17 cents a share, up from a profit of 6 cents a share a year-earlier on revenue growth and 2.4% same-store sales growth. The company reassured its guidance for earnings of 58 to 63 cents a share for the year.

Lowe''s Cos., (LOW: chart), home improvement products retailer, reported Q1 earnings of $1.06 a share, up from a profit of 73 cents a share a year-ago. Sales soared 20.3% in Q1 to $11.92 billion from $9.91 billion in the same period a year earlier and same-store sales rose 5.7%. The company topped analysts’ estimate for a profit of 94 cents a share.

Double Hull Tankers Inc, (DHT: chart), shipping group, reported Q1 profit advanced to 39 cents a share, from 32 cents a share a year ago on 20% revenue growth. The company added it continues to see growing demand by charterers for double-hull tankers compared to single hull tankers, leading to a premium being paid for the former.