Information provided by Theflyonthewall.com
A number of retailers reported quarterly results last night and this morning, but none had a bigger impact on market sentiment than Wal-Mart
). Wal-Mart's earnings beat consensus in the just- completed quarter, but its earnings view for the upcoming holiday quarter trailed the Street, sending shares of the Dow component down nearly 4%.
) shares advanced over 2% after its current quarter earnings and its forecast for next quarter's profit beat expectations.
) agreed to pay the largest criminal penalty in U.S. history for the Deepwater Horizon accident. The company said the aggregate amount of the settlement is about $4.5 billion, with payments scheduled over a period of six years, which is expected to result in an increase of approximately $3.85 billion to the $38.1 billion charge it took against income as of the end of September.
Among the notable market gainers Thursday was NetApp
), up almost 11% after its earnings beat expectations and shares were upgraded at Raymond James.
Also higher after their quarterly reports were PetSmart
), up over 5%, and Viacom
), which rose more than 3%.
Among the noteworthy losers was Tranzyme
), which plunged 75% after announcing a Phase 2b trial of a drug did not meet its primary endpoint. Also lower were shares of Diamond Foods
), which saw Barclays slash its price target on shares to $12 from $25 after the company restated its results for the first three quarters of its fiscal year. Diamond Foods' stock fell 22% near midday.