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Stocks - Walmart, Cisco Soar in Pre-market; JC Penney Crashes

Investing.com
Stocks in focus in pre-market trade on Thursday
Stocks in focus in pre-market trade on Thursday

Investing.com - Stocks in focus in pre-market trade Thursday:

• Walmart (NYSE:WMT) stock jumped 10.59% by 8:11 AM ET (12:11 GMT) after the retail giant reported quarterly earnings that topped consensus and raised its full-year earnings guidance.

• Cisco Systems (NASDAQ:CSCO) stock soared 6.50% after the Dow component’s quarterly results beat on both the top and bottom lines and the company forecast better-than-expected numbers for its fiscal first quarter.

• Symantec (NASDAQ:SYMC) stock gained 6.36% as a filing from Starboard Value revealed that the hedge fund had taken a 5.8% stake in the tech company and requested five seats on the board.

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• JC Penney (NYSE:JCP) stock crashed 22.41% as the company posted a much-wider-than-expected loss per share for the second quarter and cut its full-year earnings forecast.

• JD.Com (NASDAQ:JD) stock slumped 4.90% after the second-quarter revenues fell short of expectations.

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