up to 9,000 workers, sending shares tumbling more than 9% on Friday. The computer and printer maker added that it will make cuts via a combination of employee departures and voluntary early retirement, with expected annual cost savings of about $1 billion by the end of fiscal 2022.— Shares of the oil and gas exploration company sank about 7% by lunchtime after a Morgan Stanley analyst warned that it's the "most exposed" to a fall in natural gas prices.
— The wholesale retailer rose about 1% after it reported quarterly profit of $2.69 per share, topping Wall Street's expectations. Disappointing comparable-store sales came in below estimates, however, and kept the stock's gains in check.
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