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Walmart, Nvidia Revenue – What to know in the markets Thursday



<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Retail behemoth Walmart ( WMT ) and chip giant Nvidias ( NVDA ) earnings reports will be closely followed by investors on Thursday. "Data-reactid =" 15 "> Retail behemoth Walmart (WMT) and chip giant Nvidias (NVDA) Income reports will be followed up by investors on Thursday.

The world's largest dealer will deliver financial results for the third quarter ahead of the opening clock.

Analysts expect another strong quarter for Walmart. Sales of the same store, an important metric for retailers, are believed to have jumped 3.1% at Walmart and 1.4% at Sam's Club during the third quarter. Walmart is expected to report adjusted earnings of $ 1.09 per share on $ 128.67 billion in revenue.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Walmart's third quarter follows a & nbsp; beat and raise second quarter Walmart's effort on e-commerce is definitely paying off as the retailer is on pace to meet its 35% online sales growth goal this year. During the second quarter, online sales increased 37% on Walmart with strong growth in Sam's Club's online sales increased 35% in the second quarter. "data-reactid =" 18 "> Walmart's third quarter follows a hit and lift in the second quarter. Walmart's e-commerce efforts are definitely paying off, as the retailer is on pace to reach its 35% growth target online this year. During the second quarter, online sales increased 37% at Walmart with strong grocery growth. Sam's Club's online sales increased by 35% in the second quarter.

The share of the retail giant has risen more than 30% this year.

NVIDIA video chips on the motherboard

Meanwhile, by the end of the market, Nvidia is expected to report third-quarter adjusted earnings of $ 1.57 per share of $ 2.91 billion in revenue, according to analysts polled by Bloomberg.

Nvidia's gaming segment will be in focus. Sales in the segment have accelerated, as a number of new games using chipmaker technology have boosted Nvidia's sales of graphics processing units (GPUs). Analysts' project gross margins rose 62%, while operating margins are expected to have jumped 33%.

Although Nvidia is expected to report a solid third quarter, investors will be hyper-focused on fourth quarter guidance and projections for the company's PC gaming and data center businesses.

Shares of Nvidia have increased by 57% in 2019.

<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text "content =" Other notable revenue reports scheduled for Thursday include Viacom ( VIAB ) and Sina ( SINA ) before the market was open and used material ( AMAT ) after market close . "data-reactid =" 35 "> Other notable revenue reports scheduled for Thursday include Viacom (VIAB) and Sina (SINA) before the market is open and Applied Materials (AMAT) after the end of the market.

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<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " Heidi Chung is a reporter at Yahoo Finance. Follow her on Twitter: @heidi_chung . " data-reactid = "37"> Heidi Chung is a reporter at Yahoo Finance . Follow her on Twitter: @heidi_chung .

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " More from Heidi: "data-reactid =" 38 "> More from Heidi:

<p class =" canvas-atom canvas text Mb (1.0 em) Mb (0) – sm Mt (0.8em) – sm "type =" text "content =" Find live stock quotes and the latest business and financial news "data-reactid =" 43 "> Find stock quotes and the latest business and financial news

<p class = "canvas atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " Follow Yahoo Finance on Twitter Facebook Instagram Flipboard LinkedIn and reddit . "data-reactid =" 44 "> Follow Yahoo Finance on Twitter [19659032] Facebook [19659034] Instagram Fl ipboard LinkedIn and reddit .


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