Retail apparel giant Gap Inc. (NYSE: 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. (NASDAQ: 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. (NASDAQ: AAPL) related to collusion in pricing e-books.
Coal miner Cloud Peak Energy Inc. (NYSE: 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.
Exxon Mobil Corp. (NYSE: 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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