Walmart stock pops after earnings beat, retailer surpasses $500 billion in market cap

For its fiscal 2025 Q1, America's biggest retailer posted revenue of $161.51 billion, higher than the $159.58 billion expected, while adjusted earnings per share also came in higher at $0.60, compared with estimates of $0.53.

Global e-commerce sales leaped 21%, boosted by store pickup and delivery as well as its online marketplace. Its subscription business, Walmart+, also grew by double digits, as CEO McMillon said members engaged more frequently and spent more than other customers.Here's what Walmart reported in its fiscal year 2025 first quarter, compared to Wall Street estimates compiled by Bloomberg:For the full fiscal year 2025, the company expects net sales to grow on the higher end of 3% to 4% and for operating income to grow on the higher end of 4% to 6%.

In a single night, self-driving startup Cruise went from sizzling startup to cautionary tale. Here’s what really happened—and how GM is scrambling to save its $10B bet VANCOUVER, British Columbia, May 16, 2024 -- Cannabix Technologies Inc. reports that it has entered into a strategic partnership and development agreement dated May 15, 2024 with Omega Laboratories Inc of Ohio, USA . The Agreement provides a pathway for commercialization of Cannabix’s marijuana breathalyzer technology. Omega Laboratories is an internatioLONDON, May 16, 2024-- FORM 8.

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Fonte: YahooFinanceCA - 🏆 47. / 63 Consulte Mais informação »

Walmart Tops $500 Billion in Market Value After Earnings ImpressWalmart Inc. shares surged on Thursday, pushing the retailer’s market value over $500 billion for the first time, after it posted stronger-than-expected first-quarter earnings and boosted its annual sales and profit forecasts.
Fonte: BNNBloomberg - 🏆 83. / 50 Consulte Mais informação »

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