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The world's largest retailer, American Walmart, following the results of the first fiscal quarter ended April 30, reported a 30% decrease in net profit in annual terms to $2 billion 130 million. Adjusted earnings were 1 dollar 14 cents per share, the analysts had predicted 1 dollar 12 cents per share. Quarterly revenue increased by 4.4% to 122.7 billion dollars. Analysts had expected the figure at $120.5 billion. Comparable sales of Walmart in the US increased by 2.1%, the number of shoppers increased by 0.8%. Capitalization of Walmart since early 2018 has decreased by almost 13% and amounted to 249.5 billion dollars.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
Flipkart Ltd announced on Thursday that it acquired a 100% stake in Walmart India Pvt Ltd that operates local cash-and-carry business. The electronics retail company had also launched its new digital marketplace called Flipkart Wholesale. “With ...
KYC Policy