Tag Archives: earnings

Walmart (WMT), the world’s largest retailer, reported better-than-expected second-quarter revenue and sales results, driven by store traffic and stimulus check spending that bolstered its footprint in grocery sales in the face of surging COVID-19 infections nationwide. Here are the results versus the estimates, according to Bloomberg: Adjusted EPS: $1.78 v. $1.57 estimate Revenue: $141 billion v. $136.88 billion Walmart U.S. comp-store sales (excluding gas): 5.2% v. 3.12% estimate Walmart U.S…. Source link

The world’s largest retailer sees its stock come alive again, finally. Walmart’s stock (WMT) has widely lagged the S&P 500 (^GSPC) this year (3.8% gain for Walmart vs. 18% gain for the S&P 500) as investors fret about slowing sales and earnings growth after a big year of consumers stocking up during the height of the pandemic in 2020. Inflation in labor and transportation (as mentioned by vendors to Walmart in the past few weeks such as Clorox, Proctor & Gamble and Kimberly-Clark) and what… Source link

Stock futures opened slightly to the upside Wednesday evening as investors awaited more earnings and data on the labor market’s recovery.  Contracts on the S&P 500 traded a tick above the flatline. The blue-chip index had ended the day in the red, pulling back from Tuesday’s record closing high. The Dow also ended lower, while the Nasdaq eked out a higher close.  Some of the closely watched companies that reported earnings results after market close on Wednesday disappointed relative to Wall… Source link

Stock futures traded slightly lower Tuesday evening after closing higher during the regular trading day, with investors’ optimism over rebounding corporate earnings helping counterbalance ongoing concerns over the coronavirus. Contracts on the Dow ticked down. Earlier, the 30-stock index closed higher for the first time in three session and came within striking distance of an all-time high. The S&P 500 and Nasdaq also gained.  Shares of ride-hailing company Lyft (LYFT) gained in late trading… Source link

Stocks gained on Monday, looking to kick off August trading on a high note after a winning July.  The S&P 500 added about 0.5% shortly after market open and neared an all-time high. The Dow and Nasdaq also rose.  Equity investors are entering August with momentum from a sixth straight monthly gain, with the S&P 500 logging an advance of 2.3% in July. Both the Dow and Nasdaq also added more than 1% for the month.  These increases came alongside a strong season so far for quarterly corporate… Source link

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.)    * Amazon falls as sales growth slows    * Pinterest sinks on saying U.S. user growth stalling    * U.S. consumer spending rises in June, inflation increases    * Indexes off: S&P 0.35%, Nasdaq 0.71%, Dow 0.08% (Updates to open)    By Sagarika Jaisinghani    July 30 (Reuters) – The Nasdaq and S&P 500 indexes fell on Friday following a glum quarterly earnings report from… Source link

Yandex N.V. YNDX reported second-quarter 2021 adjusted earnings of 4 cents per share, missing the Zacks Consensus Estimate by 89.7%. Further, the figure declined 50% sequentially and 55.6% year over year. Revenues were $1.12 billion. In ruble terms, the figure totaled RUB 81.4 billion, up 70% on a year-over-year basis and 11.4% from the previous quarter. The reported revenue figure includes the consolidated financial results of Yandex.Market. Strength across the company’s online advertising… Source link

Yandex N.V. (YNDX Quick QuoteYNDX – Free Report) reported second-quarter 2021 adjusted earnings of 4 cents per share, missing the Zacks Consensus Estimate by 89.7%. Further, the figure declined 50% sequentially and 55.6% year over year. Revenues were $1.12 billion. In ruble terms, the figure totaled RUB 81.4 billion, up 70% on a year-over-year basis and 11.4% from the previous quarter. The reported revenue figure includes the consolidated financial results of… Source link

Stock futures searched for direction Wednesday evening amid a mixed batch of corporate earnings results and a Federal Reserve decision that signaled the central bank was still looking for the U.S. economy to recover further before adjusting its monetary policies. Contracts on the S&P 500 edged slightly lower. The index ended the regular session in the red but hovered less than 0.5% below its recent all-time closing high. Contracts on the Dow rose, while those on the Nasdaq dipped. Shares of… Source link

Yandex NV (NASDAQ: YNDX) reported second-quarter FY21 revenue growth of 97% year-on-year to $1.13 billion, beating the analyst consensus of $1.01 billion. Revenues from Online advertising grew 60% Y/Y to RUB 39.6 billion, Taxi segment, excluding sales of goods, rose 99% Y/Y to RUB 21.4 billion, sales of goods increased 365% Y/Y to RUB 13.4… Source link