The world’s biggest retailer will deliver third-quarter financial results ahead of the opening bell.
Analysts are expecting another strong quarter for Walmart. Same-store sales, a key metric for retailers, are anticipated 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 of revenue.
Walmart’s third quarter follows a beat and raise second quarter. Walmart’s bet on e-commerce is certainly paying off, as the retailer is on pace to meet its 35% online-sales growth target this year. During the second quarter, online sales grew 37% at Walmart with strong growth in grocery. Sam’s Club’s online sales grew 35% in Q2.
Shares of the retail giant have soared more than 30% this year.
Meanwhile, after the market close, Nvidia is expected to report third quarter adjusted earnings of $1.57 per share on $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 slew of new games using the chipmaker’s technology have given a boost to Nvidia’s graphics processing unit (GPU) sales. Analysts project gross margins rose 62%, while operating margins are expected to have jumped 33%.
Even as 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 soared 57% in 2019.
Heidi Chung is a reporter at Yahoo Finance. Follow her on Twitter: @heidi_chung.
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