Check out the companies that make headlines before the bell. Walmart – Discount retailers reported better revenue than expected, but the market shares were slightly lower. Walmart posted adjusted earnings of 61 cents per share, breaking its LSEG estimate of 58 per share. Revenue was $16.561 billion, roughly in line with the consensus forecast of $165.84 billion. Dick’s Sporting Goods, Foot Lockers – Dick’s Sporting Goods stocks have slid nearly 11% after Athletic Apparel and Goods Company agreed to buy a smaller rival foot locker for $2.4 billion. Dick provided $24 per share of the footlocker. This means an 86% increase in the price of the stock. Footlocker’s stock was around 83% on the news. UnitedHealth Group – Health Insurance Company stocks have rebounded more than 6%. On Wednesday, the Wall Street Journal reported that UnitedHealth is being investigated by the Department of Justice for possible Medicare fraud, citing people familiar with the issue. Cisco Systems – Networking Technology inventory rose more than 2% after the latest quarter results surpassed Wall Street expectations. Cisco won 96 cents per share with revenue of $141.5 billion against revenue of $14.08 billion. Cisco also issued a bright year of guidance, announcing its finance chief Scott Herren will be resigning in July. Alibaba – China’s e-commerce giant’s US-registered stock fell almost 4% after results that missed analyst estimates in the fourth quarter. Boot Barn – Western retailer stocks won 13% despite exceeding expectations of the 4th-fourth family’s revenue and soft full-year earnings forecast. Boot Barn earned $1.22 per share with $454 million, while analysts projected $1.24 per share and $458 million per LSEG. Bootburn said it would buy back $200 million in shares. CoreWeave – Stock in Artificial Intelligence Infrastructure Company fell 4% after expanding in the first quarter. According to LSEG, revenues of $982 million exceeded the $853 million analysts expect. This is CoreWeave’s first report as a public company, with its share price rising more than 60% since the IPO. Apple-iPhone Maker’s stock dropped by around 1%. President Donald Trump told CEO Tim Cook on Thursday that the company didn’t want to build products in India. DXC Technology – IT Services stocks plummeted more than 13% following disappointing guidance in the first quarter. The company said adjusted revenue is expected to be between 55 cents and 65 cents per share. Analysts were stacking pencils at 77 cents per share, LSEG said. The year-round guidance from DXC technology also missed out on expectations. – CNBC’s Alex Hurling, Jesse Pound, Fred Invert and Pier Singh reported.
Stock localities making the biggest move: WMT, dks, unh, baba
