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The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
Go to Proactive UK
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

Retail

Walmart Stores Inc, Alibaba, Hershey Co and more - PRE-MARKET

We take a look at what's moving the needle in New York in pre-market

Here are some highlighted early movers in New York in the pre-market session.

Retail gaint and Asda owner Walmart Stores Inc (NYSE:WMT) saw shares lose 2.69% in pre-market deals to $78.80 each.

The firm reported adjusted quarterly profit of $1.08 per share, a penny a share above estimates.

Walmart's YTD Free Cash Flow ($6.9BN) does not even cover its dividend and buyback https://t.co/8ntGBghljD pic.twitter.com/HuyhS5P1at

— zerohedge (@zerohedge) 17 August 2017

Alibaba (NASDAQ:BABA) shared raced up over 5% before the bell as it beat both revenue and profit estimates and revenue in the core e-commerce business was up 58% versus a year earlier.

Chocolate firm Hershey Co (NYSE:HSY) saw shares nudge 0.45% higher to $106.52 after the broker Bernstein upgraded the chocolate maker to "outperform" from "market perform.

NetApp Inc (NASDAQ:NTAP) shares shed 2.48% to $41.36 as the computer data firm reported adjusted quarterly profit of 62 cents per share, seven cents a share above estimates.

Revenue was roughly in line with expectations.

Finally, United Rentals Inc (NYSE:URI) shares gained 2.71% to $115 after striking a deal to buy equipment rental company Neff Corp for $1.3 billion, or $25 per share - around 1.8% above Neff's Wednesday close.

Overstock.com Inc (NASDAQ:OSTK) shares were unchanged pre-market after the online retailer revealed it was in talks with XPO Logistics to set up a delivery system, according to a newspaper report.

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