Walmart shares up 2% premarket as profit beat counters sales miss
Walmart Inc. shares WMT, -0.41% rose 2% in premarket trade Thursday after the retail giant topped profit estimates for the first quarter, while sales fell short. Bentonville, Arkansas-based Walmart said it had net income of $3.842 billion, or $1.33 a share, in the quarter, up from $2.134 billion, or 72 cents a share, in the year-earlier period. Adjusted per-share earnings came to $1.13, ahead of the $1.02 FactSet consensus. revenue rose 1% to $123.
Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails. Sign up here.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Nissan set for weakest profit in 11 years as Ghosn woes, bleak sales weighNissan Motor Co forecast a 28% plunge in its annual operating profit, putting it...
Weiterlesen »
Taiwan's Foxconn shares drop more than 2% after quarterly profit missShares of Foxconn, the world's largest contract manufacturer, dropped more ...
Weiterlesen »
Walmart ups the delivery game with next day shippingWalmart plans to roll out next-day delivery service to 75% of the U.S. population by year-end.
Weiterlesen »
Walmart confirms it is weighing an IPO for British supermarket AsdaWalmart has confirmed it is considering an IPO for British supermarket arm Asda, after its proposed merger with domestic rival Sainsbury's was blocked by the U.K. regulator.
Weiterlesen »
Nissan flags weakest profit in 11 years as Ghosn woes weighNissan Motor Co forecast a 28% drop in its annual operating profit, setting it u...
Weiterlesen »
Japan weighing downgrade of economic view, raises doubts on sales tax hikeJapan's government is considering downgrading its assessment of the economy...
Weiterlesen »
Walmart fights back against Amazon with one-day shipping in some U.S. marketsWalmart Inc is stepping up its battle with Amazon.com Inc by offering one-day de...
Weiterlesen »
Tencent Music charges for more content as paying users drive profit beatChina's Tencent Music Entertainment Group said it had started charging for ...
Weiterlesen »
Tencent first quarter profit beats estimates as FinTech trumps mobile gamingTencent Holdings Ltd booked a 17% profit rise for the three months ended March, ...
Weiterlesen »
Viacom profit beats on cost cuts, success of 'Bumblebee'Media company Viacom Inc beat quarterly profit estimates on Friday, as costs fel...
Weiterlesen »
Foxconn Profit Falls as iPhone Sales FlagFoxconn Technology Group’s profit fell nearly 18% in the first quarter after its biggest customer, Apple, reported an accelerated decline in sales of the iPhone.
Weiterlesen »