Shares of Wal-Mart Stores Inc. (WMT) are down $2.61 to $63.50 after the company released its Q4 earnings results on Thursday. The retail giant posted earnings of $1.49 per share, well above the $1.44 per share analysts were expecting. Revenue however, fell 1.5% Yoy to $128.68 billion, below views for $130.41 billion. Operating income fell 5.3%.
“[W]e know we have a lot more work to do, and there are areas of the business that are not where they need to be,” Wal-Mart Stores CEO Doug McMillon said on a pre-recorded call.
For the current quarter, Wal-Mart provided EPS guidance of $0.80-$0.95 versus consensus of $0.91 per share.
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Shares of Nvidia Corporation (NVDA) rallied $2.32 to $29.98 in pre-market trading on Thursday after the company released its earnings results. The Santa Clara, California-based fim reported Q4’15 EPS of $0.52 per share vs. $0.44 consensus. Revenue came in at $1.40 billion, up 12% from $1.31 billion a year ago.
The company guided Q116 revenues of $1.235-$1.285 billion, as compared to analysts’ expectations of $1.23 billion.
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Shares of SolarCity Corporation (SCTY) are higher by nearly 6% to $21.99 in pre-market trading on Thursday following news of Tesla (TSLA) CEO Elon Musk acquiring another $10 million worth of shares of SolarCity shares at $17.55 apiece.
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SunPower Corporation (SPWR) – The solar power company reported adjusted quarterly EPS profit of $1.73, beating Street estimates of $1.52, with revenue of $1.36 billion also beating forecasts of $1.28 billion.
For the current quarter ending in April, SunPower said it expects revenue of $290-$340 million, as compared to analysts’ expectations of $694.99 million.
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Shares of Anadigics, Inc. (ANAD) are surging more than 8 percent this morning after the company announced that its board of directors has declared a competing bidder’s proposal to acquire the company at a price of $0.78/shr, a ‘superior offer’ to the previously announced offer of $0.66/shr.
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