Wall Street After-Hours: Gap, Amazon, Cloud Peak Energy, Exxon
Retail apparel giant Gap Inc. (GPS) reported that same-store sales rose 7% year-over-year in June. Shares closed up 1.5% today at $44.96 and are up another 0.9% after hours. The stock set a new 52-week high today of $44.96 and is trading at $45.15 after-hours.
Amazon.com Inc. (AMZN) closed at $299.60 today after reaching an intra-day high of $300.69, an all-time high. The company is widely seen as the victor in yesterday’s ruling against Apple Inc. (AAPL) related to collusion in pricing e-books.
Coal miner Cloud Peak Energy Inc. (CLD) said today that second-quarter shipments were lower than expected and that it is lowering its adjusted mid-point EBITDA forecast for the full year to between $210 and $250 million. Shipments for the second quarter were about 1 million tons below first quarter shipments. The company still expects to meet its full-year shipment forecast of about 90 million tons.
Volkswagen and Kia Continue U.S. Sales Collapse
Exxon Mobil Corp. (XOM) said today that the pipeline rupture in Mayflower, Arkansas, that spilled 5,000 barrels of crude in a residential neighborhood was the result of a faulty weld from the original installation of the pipeline in the 1940s. The full report is not available yet.
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