Walmart Inc (NYSE:WMT) shares jumped Tuesday Morning as the retail behemoth posted earnings and revenue for its latest quarter that breezed past Wall Street expectations. Notably, e-commerce sales surged a whopping 43%. Adjusted earnings per share (EPS) for the three months which covered the key holiday period, came in at $1.41 a share, versus $1.33 expected. That was on revenue of $138.79 billion, against $138.65 billion expected by analysts.
The stock gained 3.7% in New York to $103.68 in afternoon trading.
CenturyLink Inc (NYSE:CTL) saw its shares jump after an activist investor indicated in a regulatory filing that it's pushing for big changes at the telecom. Southeastern Asset Management disclosed a 6.2% stake and criticized management while proposing its own slate of directors. The company responded by pointing out that the board is fully behind the management's strategy.
Shares edged 4.4% higher to $14.35.
Transocean Ltd (NYSE:RIG) shares sank lower as the world's largest offshore drilling contractor reported fourth-quarter numbers that showed a widening loss. The adjusted net loss came in at $171 million, or $0.34 per share for the three months. This compares with adjusted net loss of $93 million, or $0.24 per share, in 2018. Total revenue was $748 million, compared with $629 million last year.
Shares sank 1.9% to $8.76 in midday trading.
Advance Auto Parts Inc (NYSE:AAP) shares lost momentum as the company reported a fourth-quarter profit, which beat expectations, but same-store sales fell short. Adjusted EPS came to $1.17, above consensus of $1.13. Sales rose 3.3% to $2.11 billion, matching consensus, but same-store sales growth for the three months of 3.6% was just below expectations of a 3.4% rise, said the North Carolina-based firm.
The auto-parts maker's stock fell about 3% in pre-market trade but recovered some of that to recently trade around $168.18.
San Francisco based PG&E Corporation (NYSE:PCG), the energy supplier, saw shares surge in early deals. It came as Citi upgraded the stock to Buy from Neutral and targets a $33 per share -- around double where shares are now. The analysts reckon that pending California legislation to limit future wildfire risk would unlock "significant upside" and cap risk in the struggling utility.
Shares rocketed up more than 17% to $18.16.
--Adds CenturyLink; updates share prices--