Check out the companies that made headlines during the day: Walmart — Shares rise nearly 5% to record high after the retail giant beat third-quarter earnings and sales estimates The value was recorded. The company also raised its outlook again as it saw growth in e-commerce and improved non-grocery store sales. Supermicrocomputers — The server maker soared 29.2% after announcing BDO as its new auditor to replace Ernst & Young, who resigned last month. Supermicro also provided Nasdaq with a plan on how to comply with the exchange’s rules. Lowe’s — The home improvement retailer fell more than 3% after the home improvement retailer said it expects sales to decline in 2024. The guidance overshadowed a better-than-expected third-quarter report. Kraft Heinz — The packaged food company fell about 1% after Piper Sandler was downgraded to neutral due to being overweight. The investment firm said Kraft Heinz has struggled to turn around declining retail sales, including its Lunchables brand, and Robert F. Kennedy Jr.’s potential role in the incoming Trump administration could pose risks. He said that there is a sex. Insmed — Shares rose more than 8% after the drugmaker closed a $500 million stock sale agreement with healthcare investment bank Leerink Partners. Viking Holdings — Shares fell 1% even though the travel company beat Wall Street’s third-quarter expectations. Viking posted adjusted earnings of 89 cents per share on revenue of $1.68 billion. Analysts polled by FactSet expected earnings, excluding items, of 84 cents a share and revenue of $1.67 billion. The company also reported strong advance bookings for the 2025 season. Symbotic — The automation technology company beat revenue estimates for its fiscal fourth quarter, soaring 26.2%. Fourth-quarter revenue was $576.8 million, beating analysts’ expectations of $470.2 million, according to FactSet. Symbotic also provided strong guidance for sales for the current quarter. H&R Block, Intuit — Both tax preparation companies fell after the Washington Post reported that President-elect Donald Trump’s Government Efficiency Commission is considering a new mobile app for tax filing. Intuit stock fell 5.4% and H&R Block fell 7.4%. —CNBC’s Jesse Pound, Yun Li, Sarah Ming, Alex Harring, Sean Conlon and Pia Shin contributed reporting.
WMT, LOW, INTU, KHC etc.
