Walmart shares rise of strong earnings fueled by online sales

Walmart climbed 7.9 percent to $96.90 Thursday after it reported strong third-quarter results and raised its annual profit outlook. Online sales continued to surge and food sales were strong as well. Its shares closed Friday at $97.47.

November 19, 2017 at 4:37AM
The logo for General Electric appears above a trading post on the floor of the New York Stock Exchange, Tuesday, Nov. 14, 2017. Stocks are opening lower on Wall Street as technology companies, banks and retailers sink. (AP Photo/Richard Drew)
General Electric’s stock price dropped 3.8 percent after the company issued a weak 2018 forecast. (The Minnesota Star Tribune)

Big retail: Walmart climbed 7.9 percent to $96.90 Thursday after it reported strong third-quarter results and raised its annual profit outlook. Online sales continued to surge and food sales were strong as well. Its shares closed Friday at $97.47.

Home sweet home: Beazer Homes USA climbed 3.2 percent to $22.24 Wednesday after the homebuilder posted a far-larger profit and stronger sales than analysts expected. The stock finished the week at $20.50.

Reboot: Macom Solutions Technology Holdings slumped 16.3 percent to $30.66 Wednesday after the chipmaker's latest quarterly results showed revenue fell short of Wall Street's expectations. The company cited sluggish network infrastructure demand in China. Shares closed Friday at $32.85.

Shopping for malls: GGP jumped 7.1 percent to $23.77 Monday after Brookfield Property Partners offered to buy the rest of the shopping mall owner for $14 billion, or $23 a share. GGP shares closed the week at $23.66.

No spark: General Electric sank 3.8 percent to $19.70 Monday after issuing a weak forecast for next year and cutting its dividend in half to help pay for a major restructuring. Shares closed the week at $18.21.

Tech hit: Internet gear maker Cisco Systems rose 7.1 percent to $36.55 Thursday after it reported a bigger profit than expected and said revenue should grow in its next quarter after two years of declines. The stock closed the week at $35.90.

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