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These Analysts Boost Their Forecasts On Walmart After Upbeat Earnings
Walmart Inc (NYSE:WMT) announced strong second-quarter results and raised full-year guidance on Thursday. The retailer reported adjusted EPS of 67 cents (+9.8% Y/Y), beating the consensus of 64 cents. Sales were $169.34 billion, up 4.8% year over year or 5.0% (at constant currency), beating the consensus of $168.57 billion. Walmart expects third-quarter adjusted EPS of $0.51 to $0.52 versus a consensus of $0.55, and its sales outlook is $164.58 billion-$166.17 billion vs. $167.11 billion estimate. For FY25, the big box retailer raised its adjusted EPS outlook to $2.35-$2.43 (from $2.23-$2.37), vs. the consensus of $2.43. Walmart boosted FY25 net sales (at constant currency)...
Homebuilding Stocks On Investors' Radar After Kamala Harris Reveals Plan To Boost Housing Market
Vice President Kamala Harris’ campaign disclosed policy proposals regarding the residential housing market ahead of the Democratic Party candidate’s unveiling of her economic policy at an event in the key swing state of North Carolina. Harris will launch a four-year plan to bring down housing costs for working families and also alleviate housing shortages. Among the policy proposals are: Construction of three million new housing units to plug in the shortage in housing supply in the first four years. Expanding the existing tax incentives for builders to build affordable rental housing. Offering first-ever tax incentives for building starter homes. Setting up a new federal...
Singapore's PropertyGuru Agrees To Be Taken Private By EQT AB In $1.1B Deal: Details
PropertyGuru Group Limited (NYSE:PGRU) shares are trading higher after the company announced a merger agreement with affiliates of BPEA Private Equity Fund VIII Limited, part of EQT AB, in an all-cash transaction valued at about $1.1 billion. Under the terms, each PropertyGuru ordinary share will be canceled and converted into a cash payment of $6.70 per share, excluding certain shares, with no interest. The merger values PropertyGuru at a 52% premium over its May 21, 2024 closing price, the last unaffected trading day before media speculation regarding a potential transaction. Major shareholders TPG and KKR & Co. Inc. (NYSE:KKR), which hold a combined 56% ownership of...
Coherent Analysts Increase Their Forecasts After Upbeat Earnings
Coherent Corp. (NYSE:COHR) reported upbeat earnings for its fourth quarter on Thursday. Coherent reported quarterly earnings of 61 cents per share which beat the analyst consensus estimate of 60 cents per share. The company reported quarterly sales of $1.314 billion which beat the analyst consensus estimate of $1.276 billion. Jim Anderson, CEO, said, “After meeting with many of our employees and customers, I am more excited today about Coherent’s potential than when I joined two months ago. Coherent is a deeply innovative company with many secular growth opportunities. While we have many strengths, we also have opportunity for improvement, and I look...
Japan's Nikkei Boosts Asia Markets, Europe Opens Mixed; Crude Oil Falls 2% While Gold Stays Near Record High - Global Markets Today While US Slept
On Thursday, August 15, U.S. stock markets closed higher, with the Nasdaq leading the gains after July retail sales data showed strong consumer spending, easing concerns about a possible recession in the U.S. economy. According to the economic data, U.S. retail sales increased by 1% in July compared to a revised 0.2% drop in June, surpassing market expectations of a 0.3% rise. Initial jobless claims in the U.S. fell by 7,000 to 227,000 for the week ending August 10, better than the anticipated 235,000. The NY Empire State Manufacturing Index improved to -4.7 in August, marking its highest level in six...
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