Walmart Stock News

All engines are firing at Walmart as the Bentonville-based retailer reported net income for the holiday quarter of $3.562 billion, or $1.28 per share, well ahead of the 74-cent loss… The post Walmart posts record fiscal year revenue of $572.8 billion, net income up 1.2% appeared first on Talk Business & Politics .

All engines are firing at Walmart as the Bentonville-based retailer reported net income for the holiday quarter of $3.562 billion, or $1.28 per share, well ahead of the 74-cent loss…

Walmart overcame rising inflation, a snarled global supply chain and surging costs related to COVID-19 sick leave among its workers to deliver strong fourth quarter results Thursday. The nation’s largest retailer, based in Bentonville, Arkansas, also delivered on Thursday an upbeat outlook for this year and boosted its dividend. Shares rose nearly 2% in morning…

The mass-merchant retailer logs profits of $3.56 billion, despite inflationary pressures and other pandemic-related headwinds.

Dow Jones futures were lower Thursday, as Cisco Systems and Walmart reported earnings. Nvidia stock slid on earnings results.

Inflation isn''t yet hammering sales at Walmart. Here''s why.

Comparable U.S. sales rose 5.6% in the quarter, with more coming in physical stores than earlier in the pandemic. Online sales grew 1% after several quarters of slower growth.

Retail giant Walmart Inc. reported Thursday a profit for the fourth quarter compared to a loss last year, driven by revenue growth and a steep drop in other losses. Both adjusted earnings per share and quarterly revenues topped analysts'' expectations. The retailer also initiated earnings and net sales growth guidance for the full-year 2023.

Full story available on Benzinga.com

Futures Slide Following Reports Of Ukraine Shelling It was a relatively quiet overnight session until just before 11pm ET on Wednesday, when Russia''s RIA Novosti news agency reported that Russian-backed separatists claimed Ukrainian forces had violated cease-fire rules in four places with a message posted on the self-proclaimed Donetsk People''s Republic (DNR)’s Telegram channel claiming that "the situation on the line of contact has sharply escalated. The enemy is making attempts to unleash active hostilities." This was followed promptly by the Ukrainian government returning the accusation and pointing the finger at separatists as being behind the shooting. Amid the he fired, she fired confusion, monitors from the Organization for Security and Cooperation in Europe (OSCE), which has been observing the situation in eastern Ukraine, recorded numerous shelling incidents along the line of contact in Donbas on Thursday morning, a diplomatic source told Reuters. The breathless reporting was enough to send US equity futures tumbling 30 points in just a few seconds… ... while Treasury yields also collapsed... ... and gold spiked higher When the smoke had settled - so to speak - U.S. equity futures dropped 15 points or 0.34% to 4455, reversing much of the overnight loss, with Nasdaq and Dow futures down 0.52% and 0.28% respectively, while Europe’s Stoxx 600 Index was little changed and Asian shares edged up.

Walmart, DoorDash, Cisco Rise Premarket; Fastly, TripAdvisor Slump

These are the stocks posting the largest moves before the bell.

NEW YORK (AP) — Walmart muscled through rising inflation and snarled global supply chains to put up strong fourth quarter…

MEXICO CITY (Reuters) -Walmart’s Mexico unit on Wednesday said its fourth quarter net profit grew more than 5% from the year-earlier period with the gross margin helped by new business lines, even as investments and costs ate into earnings.

Walmart''s Mexico unit on Wednesday reported fourth quarter net profit of 13.3 billion pesos ($646.3 million), up more than 5% from the year-earlier period, when the retailer posted net profit of 12.6 billion pesos.