Earnings Recap – November 16th 💰

Earnings Recap – November 16th

Walmart

Walmart reported their fiscal third quarter earnings on Tuesday, which was highly anticipated as they display the landscape of the retail industry. They announced earnings per share of $1.45, slightly beating the estimate of $1.40, and revenue outpaced analyst expectations with $140.53 billion for the quarter. CEO Doug McMillon said that Walmart is very confident for the upcoming holiday season, saying in the earnings call that they have the staff, supply, demand, and prices to have a great month of December. CFO Brett Biggs said that they were able to handle the inflation period well, with a light increase in costs, but it wasn’t too major, making this a positive quarter for the company.

Home Depot

Home Depot reported their third quarter earnings on Tuesday, and the stock has been involved with the market a lot due to the strong housing market in the last year. The home-improvement retail giant topped estimates of $3.40 per share with $3.92 per share, and sales for the quarter was at $36.82 billion, up 9.8 percent. This signals that homeowners are still trying to improve their houses, which is beneficial. Lastly, consumers were spending more during visits at Home Depot with the average ticket rising to $82.38, up 12.9%. Home Depot defied analysts, and as a result their stock reached all-time highs.

I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

Share:
More Posts
Get your daily Invstr Crunch

Get the market news and updates you need, delivered to your inbox or available on our daily podcast.

Risk Disclosure:

Invstr is not a bank and banking services are provided by Vast Bank, N.A.

Brokerage and Banking services are currently only available to U.S. residents.

Invstr app and web services are provided by Invstr Ltd. Advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC) details of which can be obtained here. Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value.

Investing involves risk and can lead to losses. Past performance does not guarantee future results.

Invstr app and web services are provided by Invstr Ltd. Invstr+ advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC). Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value. Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying or holding digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Your digital account does not support wallet to wallet transferring of your digital assets (i.e. cryptocurrencies) outside the platform. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC. The Invstr Visa® Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

Watchlists provided when users first access the service are not a recommendation to invest. Instead they are provided to help users better navigate the service. Users are free to edit and create their own watchlists. From time to time, Invstr will suggest instruments solely based on an individual’s interest and the interest levels of the Invstr community. The statistical and portfolio builder models generated by Invstr do not reflect actual investment results and are not guarantees of future results. Comments provided by Invstr leaders, influencers or members of the Invstr Community are not recommendations and should not be construed as such. Invstr does not endorse the content or the positions posted by them. Their investment approach, and that of the models provided by Invstr, may be different from yours and may not be appropriate for you.