Earnings Report

Stocks rocketed higher Thursday, powered by Walmart's earnings and the passage of the GOP's tax bill in the House.

The latest on developments in financial markets (All times local): 9:35 a.m.

The latest on developments in financial markets (All times local): 9:35 a.m.

Best Buy Co. on Thursday reported a boost in fiscal third-quarter profit and sales, but its results and outlook fell short of Wall Street expectations.

Best Buy Co. on Thursday reported a boost in fiscal third-quarter profit and sales, but its results and outlook fell short of Wall Street expectations.

Viacom Inc., the owner of MTV, Comedy Central and Paramount, reported a 2.9 percent rise in quarterly revenue on Thursday, as a rise in theatrical revenue offset declines in U.S. affiliate revenue.

Viacom Inc., the owner of MTV, Comedy Central and Paramount, reported a 2.9 percent rise in quarterly revenue on Thursday, as a rise in theatrical revenue offset declines in U.S. affiliate revenue.

Walmart (NYSE:WMT) shares could set a new record on Thursday, boosted by the company’s third-quarter results, which surpassed expectations.

Walmart (NYSE:WMT) shares could set a new record on Thursday, boosted by the company’s third-quarter results, which surpassed expectations.

Best Buy Co Inc. reported disappointing third-quarter results on Thursday and forecast holiday-quarter profit below Wall Street estimates as it cut prices to match those offered by rivals including Amazon.com Inc.

Best Buy Co Inc. reported disappointing third-quarter results on Thursday and forecast holiday-quarter profit below Wall Street estimates as it cut prices to match those offered by rivals including Amazon.com Inc.

Shares of Cisco Systems Inc. rose in after-hours trading Wednesday after the internet gear maker reported better-than-expected earnings and forecast revenue growth after two years of decline.

Shares of Cisco Systems Inc. rose in after-hours trading Wednesday after the internet gear maker reported better-than-expected earnings and forecast revenue growth after two years of decline.

Cisco Systems expects revenue to grow in the current quarter for the first time since late 2015, as it continues a strategic shift away from its legacy hardware and into sales of software and services.

Cisco Systems expects revenue to grow in the current quarter for the first time since late 2015, as it continues a strategic shift away from its legacy hardware and into sales of software and services.

Target Corp issued a disappointing profit forecast for the key holiday quarter as it continues to depend on price cuts to drive traffic to its stores and online, sending its shares down 4 percent in premarket trading.

Target Corp issued a disappointing profit forecast for the key holiday quarter as it continues to depend on price cuts to drive traffic to its stores and online, sending its shares down 4 percent in premarket trading.

Target is reporting third-quarter profit of $480 million.