Wal-Mart streaming service to offer free movies and TV shows

Wal-Mart Stores Inc. said Tuesday that its Vudu streaming service will begin offering free movies and on-demand TV shows with limited commercials, starting today. Included programming will be shown in high definition and can be watched across smart televisions, via app, and other options. Wal-Mart shares are up 1.1% in Tuesday trading, and 12.5% for the year to date. The S&P 500 Index is up 4.9% for 2016 so far.

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Synnex shares fall as earnings outlook misses Street view

Synnex Corp. shares fell in the extended session Thursday after the business process services company’s earnings outlook fell short of Wall Street estimates. Synnex shares fell 8% after hours, following a 3.5% gain to close at $118.40 in the regular session. For the second fiscal quarter, Synnex estimates adjusted earnings of $2.25 to $2.35 a share on revenue of $4.58 billion to $4.78 billion. Analysts expect earnings of $2.41 a share on revenue of $4.75 billion. The company reported fiscal first-quarter net income of $24.4 million, or 61 cents a share, compared with $61.8 million, or $1.54 a share, in the year-ago period. Adjusted earnings were $2.14 a share. Revenue rose to $4.55 billion from $3.52 billion in the year-ago period. Analysts surveyed by FactSet had estimated $2.11 a share on revenue of $4.47 billion.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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