News Summary

Shares of Wal-Mart Stores Inc WMT gained about 1.6% after the company reported a 9.3% y/y rise in its FQ3 profit. Wal-Mart also lifted its full-year projections and issued upbeat Q4 guidance. The company projected its Q4 profit of $1.29 to $1.33 per share. However, analysts were estimating Q4 profit at $1.28 per share. Crude oil futures dropped along with gold futures, after the US Labor Department reported a 0.4% rise in the producer prices in October. However, economists were expecting the producer prices to rise 0.7%. Core prices, excluding volatile food and energy prices, dipped 0.6%. Crude oil for December lost 1.4% to $83.67 per barrel, while Gold for December declined 0.8% to $1,357.20 an ounce. Shares of Dick's Sporting Goods DKS surged about 9.3% after the company reported its Q3 results. The company's profit came in at $0.14 per share, down from $0.16 per share, in the year-ago quarter. The company's sales came in at $1.08 billion, up from $990 million, in the year-ago period. For the full year, DKS lifted its profit projections to a range of $1.56 to $1.58 per share, up from its earlier range of $1.46 to $1.49 per share. Read more from Benzinga's Markets.