— Shares of industrial distributor HD Supply tanked nearly 8% after missing analysts' estimates for its second-quarter earnings. HD Supply reported revenue of $1.620 billion, compared to the $1.632 forecast by Wall Street analysts, according to FactSet. The company also issued full-year earnings per share guidance on the low end of the estimated range.
The company see earnings per share of $3.45 to $3.60 per share, compared to the consensus estimate of $3.58 a share.—Shares of wireless carrier Verizon popped 1.5% after being named to Citi's "positive catalysts" watch list. Citi said it expects shares of Verizon to trade higher into the company's next earnings report due to a low rate environment. Verizon is know for its high and stable 4.1% dividend yield.
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