Tag: NYSE:WMT
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GameStop Shares Tumble 20% in Pre-Market Trading Amid Revenue Decline, Direct Digital Plummets 42%, and More News
GameStop (NYSE:GME) – GameStop reported $1.79 billion in revenue for the fourth quarter, which is less than the $2.23 billion earned in the same quarter of the previous year. However, the company announced an adjusted earnings per share of 22 cents, compared to the previous year’s 16 cents per share. Shares of the video game…
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Apple Pre-Market Drop Due to Antitrust Threats, Surprising Profit Boosts Micron Shares, and Latest Market Updates
Apple (NASDAQ:AAPL) – Meta Platforms (NASDAQ:META), Microsoft (NASDAQ:MSFT), Match Group (NASDAQ:MTCH), and X joined Epic Games in protesting against Apple, accusing it of violating an injunction by restricting payment options in the App Store, claiming price inflation and competition hurdles. Furthermore, the U.S. Department of Justice is preparing to sue Apple for alleged antitrust law…
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Airship AI skyrockets with DOJ contract; Carrier Global sells Fire Industrial division for $1.43 billion, and Latest News
Airship AI Holdings (NASDAQ:AISP) – While the tech sector fell on Tuesday’s trading session, shares of Airship AI stood out, soaring 200% after securing a contract with the U.S. Department of Justice. Based in Redmond, Washington, the company uses AI to assist clients in law enforcement and defense. President Paul Allen stated that the company…
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FTC’s Block on Kroger-Albertsons Deal: A Win for Walmart?
The Federal Trade Commission’s (FTC) attempt to halt Kroger’s massive $25 billion acquisition of Albertsons might inadvertently play into the hands of Walmart, a formidable competitor in the grocery sector. With a dominant 24% share of the U.S. grocery market in 2022, as reported by CFRA Research, Walmart’s strategy of maintaining low grocery prices is…
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U.S. Stocks May Lack Direction Following Yesterday’s Modest Pullback
The major U.S. index futures are currently pointing to a roughly flat open on Tuesday, with stocks likely to show a lack of direction following the modest pullback seen in the previous session. Uncertainty about the near-term outlook for the markets may lead to choppy trading on Wall Street following last week’s advance by the…
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Anxiety Ahead Of Fed Minutes, Nvidia Earnings May Weigh On Wall Street
The major U.S. index futures are currently pointing to a lower open on Wednesday, with stocks likely to add to the losses posted in the two previous session. The downward momentum on Wall Street reflects lingering concerns about the outlook for interest rates ahead of the release of the minutes of the latest Federal Reserve…
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Walmart Reports Strong Quarterly Results Amid Economic Challenges, Announces Vizio Acquisition and Dividend Hike
Walmart (NYSE:WMT) delivered another quarter of impressive results, concluding the year on a strong note as its competitive pricing continues to draw consumers seeking value in a challenging economic climate marked by recent inflationary pressures. However, with inflation quickly subsiding, Walmart has observed a decrease in customer spending per visit and, on Tuesday, issued a…
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Market Cautiousness Ahead of Retail Giants’ Earnings; Oil Prices Dip
U.S. index futures signal a lower start for Tuesday’s trading session, indicating investors’ cautious stance following the first week of negative results in over a month. The market is particularly attentive, eagerly anticipating quarterly earnings reports from retail giants such as Walmart (NYSE:WMT) and Home Depot (NYSE:HD). As of 05:06 AM, Dow Jones futures (DOWI:DJI)…
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Barclays Surges with Cost Reductions and Billion-Dollar Shareholder Returns, Capital One Eyes Discover Acquisition, and More
Barclays Plc (NYSE:BCS) – Barclays’ shares jumped after announcing a major cost-cutting campaign and returning £10 billion to shareholders. The bank will reorganize operations and review management positions. Plans include expansion and cost reduction to increase profitability and return on equity. Shares are up 7% in Tuesday’s pre-market. Capital One (NYSE:COF) – Warren Buffett-backed Capital…
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Earning Releases: Nvidia, Walmart and Home Depot Are Expected To Beat Estimates
NVIDIA (NASDAQ:NVDA) NVIDIA is confirmed to report earnings on Wednesday, February 21, 2024 at approximately 4:20 PM ET. The consensus earnings estimate is $4.55 per share on revenue of $20.24 billion, representing 234.5% year-over-year revenue growth. The company’s guidance was for earnings of $4.28 to $4.66 per share on revenue of $19.60 billion to $20.40…