WMT - Crude Oil Down 4%; Walmart Shares Fall After Q3 Results | Benzinga
U.S. stocks traded lower midway through trading, with the Dow Jones index falling more than 100 points on Thursday.
The Dow traded down 0.40% to 34,850.49 while the NASDAQ fell 0.35% to 14,055.15. The S&P 500 also fell, dropping, 0.23% to 4,492.60.
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Leading and Lagging Sectors
Utilities shares surged by 1% on Thursday.
In trading on Thursday, energy shares fell by 2.2%.
Top Headline
Shares of Walmart Inc (NYSE: WMT) fell around 7% on Thursday after the company reported results for the third quarter.
Walmart reported third-quarter FY24 sales growth of 5.2% year-over-year to $160.8 billion, beating the consensus of $159.55 billion. Adjusted EPS was $1.53, above $1.50 last year same quarter, beating the consensus of $1.52.
For FY24, Walmart now sees adjusted EPS guidance of $6.40-$6.48 (prior 6.36-$6.46) versus an estimate of $6.48. The company raised its FY24 net sales growth (cc) outlook to 5.0% to 5.5% from 4% - 4.5% earlier.
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Sonos, Inc. (NASDAQ: SONO) shares shot up 17% to $13.28 following upbeat fourth-quarter results.