
Stocks to watch: wmt, shld, csco & more
Cnbc is ON AIR - VIEW NOW
Please note: this is Beta feature.
- Select a language for the TTS:
- UK English Female
- UK English Male
- US English Female
- US English Male
- Australian Female
- Australian Male
- Language selected: (auto detect) - EN
Play all audios:
_Take a look at some of Thursday's morning movers:_ Wal-Mart Stores - The retail giant for the second quarter, excluding certain items, one cent above estimates, and also raised its
earnings per share forecast for the year. Revenue did fall slightly short of consensus, and the raised forecast for the year is largely under current Street estimates. Sears Holdings - Sears
lost $0.86 per share for the second quarter, matching analysts' estimates, with revenue coming in short of consensus. The retailer did cut costs during the quarter, leading to an
improvement in profit margins. Cisco Systems - The networking equipment maker beat estimates with its latest earnings and boosting its dividend by 75 percent. Cisco earned $0.47 per share
for its fiscal fourth quarter, two cents above estimates, and raised the quarterly dividend to $0.14 per share from $0.08. Applied Materials - The company earned $0.24 per share for its
third quarter, two cents above consensus, but its current quarter forecast of $0.00 to $0.06 falls below estimates of $0.12. The maker of semiconductor manufacturing equipment had warned of
a slowdown in business when it slashed its full-year forecast a month ago. Facebook - The lockup period for insider stock sales expires today, with about 271 million shares affected. (_Read
More_: Who Has Option to Sell Facebook After Lock-Up?) Limited Brands - The retailer earned $0.50 per share for the second quarter, two cents above estimates. It is forecasting current
quarter profit of $0.15 to $0.20 per share, falling below current analysts forecasts of $0.24. Agrium - Agrium has met with JANA PARTNERS, the hedge fund that has a less than 5 percent stake
in the Canadian fertilizer producer. Jana wants Agrium to spin off its retail operations, but Agrium says the move would not be in the best interests of the company or its shareholders. AMR
- A judge has ruled that the American Airlines parent cannot scrap its existing pilots union contract as it tries to make its way out of bankruptcy. The pilots had rejected a new contract
offer from the airline last week. Sina - The Chinese Internet company reported a tripling of its second-quarter profit, but said earnings will be weak for the rest of the year as it
confronts rising expenses and tighter government restrictions. Coinstar - The company is reportedly considering a potential sale, according to the _New York Post_. The paper said the maker
of coin counting machines and parent of the Redbox DVD rental service has been in talks with an unnamed private-equity firm for several months. Coinstar would not comment on what it calls
“rumor and speculation.” Electronic Arts - The _New York Post_ says the videogame maker has been approached by private-equity firms KKR and PROVIDENCE EQUITY PARTNERS about a possible sale.
Finish Line - Citi has added the sporting goods and apparel retailer to its "Top Picks Live" list. Apple - Apple has spoken to cable companies about letting customers use for live
TV and other content, according to the Wall Street Journal. However, the paper says Apple does not appear to be close to a deal with any cable operators. _—By CNBC’s Peter Schacknow_
_Questions? Comments? Email us at _