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Walmart Inc WMT stock lost more than 6 percent after the retail giant reported mixed fourth quarter results. The company said it earned $1.33 per share in the fourth quarter on revenue of $136.3 billion versus expectations of $1.37 per share on revenue of $134.9 billion.
Avangrid Inc AGR will be in focus after the energy and utility company reported fourth quarter results. The company earned 61 cents per share in the quarter on revenue of $1.53 billion versus expectations of 65 cents and $1.62 billion. The company also announced an agreement to sell its gas storage business on Friday and terms of the deal were not initially disclosed.
Achieve Life Sciences Inc ACHV soared higher by more than 35 percent after the clinical-stage pharmaceutical company that focuses on anti-smoking treatment announced an update. The company reported preliminary data from its Phase 1/2 multi-dose study of its cytisine therapy in which 50 percent of 24 volunteer smokers achieved biochemically verified smoking abstinence after 25 days of treatment.
Rite Aid Corporation RAD soared higher by more than 25 percent after the pharmacy chain agreed to sell itself to grocery store chain Albertsons.
NXP Semiconductors NV NXPI gained more than 6 percent after QUALCOMM, Inc. QCOM revised its takeover offer from $110 per share to $127.50 per share. Elliott Advisors, one of the biggest NXP Semiconductors shareholders, said in a press release the new offer "reflects a positive outcome for all NXP shareholders and is pleased that the company's value has been recognized in the revised transaction terms."
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