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Walmart shines in Q2 and bumps up expectations for the year

Published Tue, 19 Nov 2024 11:45:16 GMT

NEW YORK (AP) — Walmart reported strong second-quarter sales results as the retailer’s low-price model continues to attract budget conscious consumers in a tough economic environment. The nation’s largest retailer boosted its annual outlook again, sending shares up 2% before the opening bell Thursday. Walmart, based in Bentonville, Arkansas, earned $7.89 billion, or $2.92 per share, for the three-month period ended July 31. Adjusted results were $1.84 per share, or 13 cents better than Wall Street had expected, according to a survey of industry analysts by FactSet. It was also up from last year’s quarterly profit of $5.15 billion.Sale rose nearly 6% to $161.63 billion, a shade better than expected. Comparable store sales — those from established stores and online operating over the past 12 months — rose 6.4% at Walmart’s U.S. division. That compares with 7.4% in the quarter ended April and the 8.3% during the fourth quarter. Global online sales surged 24% In ...

LSI: Fiscal Q4 Earnings Snapshot

Published Tue, 19 Nov 2024 11:45:16 GMT

CINCINNATI (AP) — CINCINNATI (AP) — LSI Industries Inc. (LYTS) on Thursday reported profit of $8.4 million in its fiscal fourth quarter.The Cincinnati-based company said it had net income of 28 cents per share.The lighting and LED display company posted revenue of $123.6 million in the period.For the year, the company reported profit of $25.8 million, or 88 cents per share. Revenue was reported as $497 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LYTS at https://www.zacks.com/ap/LYTSSource

Walmart: Fiscal Q2 Earnings Snapshot

Published Tue, 19 Nov 2024 11:45:16 GMT

BENTONVILLE, Ark. (AP) — BENTONVILLE, Ark. (AP) — Walmart Inc. (WMT) on Thursday reported fiscal second-quarter net income of $7.89 billion.The Bentonville, Arkansas-based company said it had profit of $2.92 per share. Earnings, adjusted for non-recurring gains, came to $1.84 per share.The results topped Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $1.69 per share.The world’s largest retailer posted revenue of $161.63 billion in the period, also topping Street forecasts. Ten analysts surveyed by Zacks expected $159.82 billion.For the current quarter ending in October, Walmart expects its per-share earnings to range from $1.45 to $1.50.The company expects full-year earnings in the range of $6.36 to $6.46 per share._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WMT at https://www.zacks.com/ap/W...

Spartan Stores: Q2 Earnings Snapshot

Published Tue, 19 Nov 2024 11:45:16 GMT

GRAND RAPIDS, Mich. (AP) — GRAND RAPIDS, Mich. (AP) — Spartan Stores Inc. (SPTN) on Thursday reported second-quarter profit of $19.5 million.On a per-share basis, the Grand Rapids, Michigan-based company said it had net income of 56 cents. Earnings, adjusted for non-recurring costs, came to 65 cents per share.The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 63 cents per share.The grocery store operator and grocery distributor posted revenue of $2.31 billion in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $2.36 billion.Spartan Stores expects full-year earnings in the range of $2.20 to $2.35 per share, with revenue in the range of $9.65 billion to $9.95 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SPTN at https://www.zacks.com/ap/S...

Cato: Fiscal Q2 Earnings Snapshot

Published Tue, 19 Nov 2024 11:45:16 GMT

CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — Cato Corp. (CATO) on Thursday reported fiscal second-quarter net income of $1.1 million, after reporting a loss in the same period a year earlier.On a per-share basis, the Charlotte, North Carolina-based company said it had profit of 6 cents.The clothing retailer posted revenue of $182.9 million in the period.Cato shares have decreased 16% since the beginning of the year. The stock has dropped 42% in the last 12 months._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CATO at https://www.zacks.com/ap/CATOSource

The Children’s Place: Fiscal Q2 Earnings Snapshot

Published Tue, 19 Nov 2024 11:45:16 GMT

SECAUCUS, N.J. (AP) — SECAUCUS, N.J. (AP) — The Children’s Place Retail Stores Inc. (PLCE) on Thursday reported a loss of $35.4 million in its fiscal second quarter.On a per-share basis, the Secaucus, New Jersey-based company said it had a loss of $2.82. Losses, adjusted for one-time gains and costs, came to $2.12 per share.The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of $2.16 per share.The children’s clothing and accessories chain posted revenue of $345.6 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $341.6 million.For the current quarter ending in October, The Children’s Place expects its per-share earnings to range from $3.55 to $3.65.The company said it expects revenue in the range of $470 million to $475 million for the fiscal third quarter._____This story was generated by Automated Insights (http://automatedinsights.c...

Evogene: Q2 Earnings Snapshot

Published Tue, 19 Nov 2024 11:45:16 GMT

REHOVOT, Israel (AP) — REHOVOT, Israel (AP) — Evogene Ltd. (EVGN) on Thursday reported a loss of $7 million in its second quarter.On a per-share basis, the Rehovot, Israel-based company said it had a loss of 17 cents.The agricultural company posted revenue of $654,000 in the period._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EVGN at https://www.zacks.com/ap/EVGNSource

Immatics: Q2 Earnings Snapshot

Published Tue, 19 Nov 2024 11:45:16 GMT

TUBINGEN, Germany (AP) — TUBINGEN, Germany (AP) — Immatics N.V. (IMTX) on Thursday reported a loss of $26.8 million in its second quarter.The Tubingen, Germany-based company said it had a loss of 35 cents per share.The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 34 cents per share.The company posted revenue of $24.3 million in the period._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IMTX at https://www.zacks.com/ap/IMTXSource

Mueren tres personas por una infección con una rara bacteria carnívora en Connecticut y Nueva York

Published Tue, 19 Nov 2024 11:45:16 GMT

(CNN) — Al menos tres personas han muerto en Connecticut y Nueva York después de contraer una rara bacteria carnívora que se puede encontrar en aguas cálidas y salobres o en mariscos crudos, confirmaron las autoridades este miércoles.Dos personas en Connecticut se infectaron con Vibrio vulnificus y murieron después de nadar en dos lugares separados en Long Island Sound, según Christopher Boyle, director de comunicaciones del Departamento de Salud Pública del estado.Una tercera persona se infectó en julio después de comer ostras crudas en un establecimiento fuera del estado, según el Departamento de Salud Pública. Los tres tenían entre 60 y 80 años, según el departamento.El virus también se detectó en una persona que murió en Long Island, anunció este miércoles la gobernadora Kathy Hochul. Las autoridades todavía están investigando la muerte en el condado de Suffolk para determinar si la bacteria se encontró en las aguas de Nueva York o en otro lugar, según el comunicado de pre...

Barcelona hosts Cadiz in 1st game at temporary home stadium, Madrid visits Almeria

Published Tue, 19 Nov 2024 11:45:16 GMT

BARCELONA, Spain (AP) — After having both its coach and best winger sent off last week, Barcelona will try to jump start its Spanish season on Sunday at home.Except home isn’t what it used to be.Barcelona will play its first official game in its temporary home against Cadiz while Camp Nou undergoes an extensive makeover, and coach Xavi Hernández will be watching from the stands.Xavi was sent off for excessively complaining about the decisions of the referee during his team’s 0-0 draw at Getafe in their season opener last week. The former midfielder was handed a two-game suspension for his behavior.The hosts will also be missing forward Raphinha, who earned a red card against Getafe when he elbowed an opposing player. That leaves Barcelona without a pure winger, after Ousmane Dembélé left for Paris Saint-Germain in the offseason. The empty spot in the starting lineup could be filled by forwards Ferran Torres or Ansu Fati, or another midfielder like Gavi Páez. Former Manchester ...