Check out the companies making headlines for noon deals. Walmart – After Walmart fell slightly below its first quarter sales expectations, Big Box retailer stock fell by 1%, with management warning that consumers could see the higher prices caused by tariffs. Walmart reported revenue of $165.6 billion, but the consensus forecast was $165.84 billion per LSEG. The retailer scored 61 cents per share, breaking an estimate of 58 per share, with an adjusted estimate of 68. Dick’s Sporting Goods – Sporting Goods retailers fell 14% with the announcement that they would buy rival footlockers for $2.4 billion in deals expected to close later this year. Footlocker stocks won 85% on the news. UnitedHealth – Health insurance companies plummeted 15%, hitting an intraday low that hasn’t been seen for over five years. The Wall Street Journal reported Wednesday that the company is investigating the Department of Justice for potential Medicare fraud, citing people familiar with the issue. Fiserv – Financial technology stocks fell 13% after management revealed that Clover business’s first quarter growth was similar to the first quarter pace. Comments were made at JPMorgan’s Technology Conference. Cisco – The stock has won nearly 6% after a revenue report that surpassed its third quarter forecast for the network technology company. Cisco scored 96 cents per share, excluding items with revenue of $14.15 billion, while analysts voted in pencil with revenue of 92 cents per share and revenue of $14.08 billion. Cisco also provided strong guidance and announced in July that finance director Scott Helen will retire. COINBASE – Stocks fell more than 4% after the digital currency platform said hackers had fed staff and stole customer data to use in social engineering attacks. Hackers are currently demanding a ransom of $20 million. Alibaba – Shares in Chinese e-commerce giant fell 7% after the company missed fourth quarter expectations. Alibaba’s net profit rose 279% from a year ago, rising from a low base. Alibaba has been working on macroeconomic volatility that has dented Chinese consumer sentiment. Bootburn – Western retailers surged almost 17% despite loss of fourth quarter estimates. The company said the same store sales in the current quarter should be higher than expected. Boot Barn is planning to buy back $200 million in shares. CoreWeave – The shares in the artificial intelligence infrastructure company rose 5% following its initial revenue report as a public company. CoreWeave recorded revenue of $981.6 million, exceeding the expected $853 million figure for analysts surveyed by LSEG. DXC Technology – The shares in the IT services company fell almost 5% after the company issued weak guidance in the first quarter. DXC Technology expects adjusted earnings of 55 to 65 cents per share, while analysts voted by FactSet were expecting 79 cents per share. The company also provided a disappointing outlook for the whole year. JetBlue – Airline stocks slipped around 4% in Raymond James’ downgraded market performance outperform. Raymond James said JetBlue has a more balanced risk-to-reward ratio. ALOCA – Metal producers slipped neutral from what they bought 3% with UBS downgrade heels. UBS said the company’s ratings were not attractive. Webtoon Entertainment – Stock in the Storytelling Technology Platform has grown almost 12% since Citi launched in purchase ratings. Citi said Webtoon, which beat analyst expectations when reporting first quarter revenue earlier this week, is undervalued. – Reported by CNBC’s Sean Conlong, Pia Singh, Yun Lee and Lisa Kairai Han.
