Walmart Will Report Earnings Before the Bell. Here's What to Expect
The discounter's bottom line results"were unexpected and reflect the unusual environment," CEO Doug McMillon said in a release Tuesday morning. Inflation in the U.S. is at a nearly four-decade high.
Here's what the discounter reported for the fiscal first quarter ended April 29, according to Refinitiv consensus estimates:Revenue: $141.57 billion reported vs. $138.94 billion expectedbillion, or 74 cents per share, from $2.73 billion, or 97 cents per share, a year ago. Excluding items, the company earned $1.30 per share. That's lower than the $1.48 that analysts were expecting, according to Refinitiv.Wall Street's expectations of $138.94 billion.
Walmart is a much-watched company as investors and economists look for clues about how the American consumer is weathering inflation – and if they are starting to pull back on spending., a broad measure of prices for goods and services, increased 8.3% in April compared with a year ago, according to the Bureau of Labor Statistics.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Earnings roundup: TaskUs, Rackspace, others report resultsEarnings roundup: TaskUs, Rackspace, Six Flags report results. Here’s what you need to know
Weiterlesen »
New Report Proves Naruto and Boruto Are Still Bringing in Big BucksA new anime report has gone live and shows just how much cash Naruto and Boruto are bringing in these days:
Weiterlesen »
Alumni Report: Jones a big hit at VandyInjuries forced him off mound, but LCC grad excels at plate
Weiterlesen »
Home Depot is about to report earnings. Here's what to expectShares of the company have fallen 7% over the last year, dragging its market value down to $306 billion.
Weiterlesen »
Stock futures rise ahead of a big week of retail earningsStock futures were higher Sunday evening after a week of steep losses that ended on a high note, and ahead of a big earnings week for retailers.
Weiterlesen »