Net income topped
The technology giant said it is cutting another 11,000 to 16,000 jobs and gave an outlook below expectations.
The retailer signaled that it may close more stores after losses widened during the first quarter and sales fell 7 percent.
Shares hit two-month highs after the discount retailer topped profit expectations and its sales momentum carried into May.
First-quarter net income slid 29 percent at the retailer, but that was not as bad as many industry watchers had anticipated.
The CEO of the online real estate information service said that the company could move aggressively into the rentals market.
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