Wal-Mart bucks a downward trend in retail; Verizon slips
May. 19, 2016
NEW YORK (AP) — Stocks that moved substantially or traded heavily Thursday:
Wal-Mart Stores Inc., up $6.05 to $69.20
The giant retailer bucked a downward trend in the industry and reported surprisingly strong sales.
Salesforce.com Inc., up $3.22 to $81.09
The company reported earnings and revenue that were better than analysts were expecting.
Verizon Communications Inc., down 76 cents to $49.63
Phone companies and other high-dividend stocks fell as investors worried that the Federal Reserve would raise interest rates at its June meeting.
American Eagle Outfitters Inc., up $2.45 to $15.84
The apparel maker reported sales and earnings that were well ahead of analysts' forecasts.
FMC Technologies Inc., down $1.35 to $27.30
The company said it would attempt to combine with Technip to create a large player in the energy-services sector.
L Brands Inc., down $3.16 to $60.62
The company, which owns Victoria's Secret, lowered its full-year earnings estimate.
Stage Stores Inc., down $1.37 to $4.51
The company reported a wider loss from the same period a year earlier.
Monroe Muffler Brake Inc., down $4.91 to $62.07
The company's latest quarterly earnings and revenue fell below Wall Street's estimates.