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LATE MOVERS: Walmart is Dow's worst performer after unveiling bonuses for good attendance

Last updated: 16:05 01 Feb 2019 EST, First published: 03:05 01 Feb 2019 EST

Walmart store

Walmart Inc (NYSE:WMT) was the worst performer on the Dow Jones Industrial Average after the retailing giant said it would provide bonuses to workers with good attendance. The goal, according to Walmart, is to reward employees who come to work every day.

The stock slipped 2% to $93.86.

Symantec Corp  was the best performer on the S&P 500 Index a day after reporting earnings that beat the estimate of analysts. The cybersecurity software company announced that Chief Financial Officer Nicholas Noviello was leaving but would help in the transition.

The stock climbed 9% to $22.91

Amazon.com Inc (NASDAQ:AMZN) was one of the biggest losers on the Nasdaq after the e-commerce giant reported disappointing guidance that overshadowed strong quarterly results. The company said it's expecting an unfavorable impact from foreign-exchange rates.

Shares fell 5.4% to $1,626.23.

Yum China Holdings Inc (NYSE:YUMC) shares gained after it posted mixed earnings. The Shanghai-headquartered chain's sales came in at $1.91 billion, which was a shade below estimates of $1.92 billion. Earnings per share came in at $0.12, which beat estimates by 4 cents. KFC same-store sales were up, while those of Pizza Hut were down.

The stock added 8% to stand at $39.35.

Exxon Mobil Corp (NYSE:XOM)  shares advanced after coming out with quarterly adjusted earnings of $1.51 per share, beating the consensus estimate of $1.08 per share. That compares with earnings per share of $0.88 a year earlier.

The stock advanced 3.6% to $75.92.

Chevron Corp (NYSE:CVX) gushed higher in New York as it posted fourth-quarter net income of $3.73 billion. The company said it had profit of $1.95. Earnings adjusted for non-recurring costs came to $2.06 per share, which exceeded expectations.
 

The stock gained 3.2% to $118.37

Honeywell International Inc (NYSE:HON) rose after it posted earnings of $1.72 billion in the fourth quarter, compared with $2.52 billion a year earlier. Revenue was $9.73 billion, compared with $10.84 billion during the same period a year earlier.

The stock added 0.6% to $144.71.

Contact Dennis Fitzgerald at dennis@proactiveinvestors.com

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