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Reuters BusinessNov 14, 2019
Walmart raises earnings outlook, expects strong holiday sales
Walmart Inc reported better-than-expected third quarter U.S. comparable sales on Thursday and raised its full-year outlook as a strong economy boosted purchases at its stores and website and the retailer picked up market share in food and other groceries.

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UPDATE 3-Walmart raises earnings outlook, expects strong holiday sales (Reuters Company News)
Walmart Sales Rise; E-Commerce Efforts Get a Lift From Food (Wall Street Journal US Business)

Reuters BusinessNov 14, 2019
Walmart's third-quarter results beat estimates, shares rise
Walmart Inc reported better-than-expected third quarter U.S. comparable sales on Thursday as people spent more at its stores and website and the retailer picked up market share in food and other groceries.

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UPDATE 1-Walmart's third quarter results beat estimates, shares rise (Reuters Company News)

MarketWatchNov 14, 2019
London Markets: Walmart's U.K. rivals languish after Asda's sales decline
Shares of Walmart's U.K. rivals languished on Thursday after its Asda subsidiary reported downbeat sales in the third quarter.

Forbes HeadlinesNov 14, 2019
Samsung Black Friday 2019: Here Are The Best New Deals
Samsung Black Friday sales have begun with wide-ranging deals on must-have items, including the Galaxy S10, Note 10 and massive TV savings...

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Walmart Black Friday deals are already here (and they're pretty good!) - Mashable (Google Business News)

MarketWatch MarketPulseNov 14, 2019
Walmart shares rise after earnings beat, guidance raised
Walmart Inc. shares rose 3.6% in Thursday premarket trading after the retail giant reported third-quarter earnings that beat expectations and raised its guidance. Net income totaled $3.23 billion, or $1.15 per share, up from $1.71 billion, or 58 cents per share, last year. Adjusted EPS of $1.16 beat the FactSet consensus for $1.09 per share. Revenue of $127.99 billion, was up from $124.89 billion but missed the FactSet consensus for $128.60 billion. Walmart U.S. e-commerce sales rose 41% including "strong growth in online grocery," the company said. U.S. same-store sales were up 3.2%, beating the 2.9% growth FactSet forecast. Total same-store sales rose 2.8%, below the 3% FactSet expectation. For fiscal year 2020, Walmart now expects adjusted EPS to increase slightly, including Flipkart, and to increase in the high single-digit percentage range excluding it. The FactSet outlook is for EPS of $4.95, implying a 0.8% increase. Previously, Walmart expected a slight decrease to slight increase in EPS, including Flipkart, and an increase by the mid-to-high single digit range excluding Flipkart. Walmart stock has rallied 30% for the year to date outpacing the Dow Jones Industrial Average, which is up 19.1% for the period.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



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UPDATE 1-Merck KGaA raises 2019 sales, earnings guidance in wake of Versum takeover (Reuters Company News)
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