Lates News

The US retail giant Walmart will release its quarterly earnings report before the US stock market opens on Thursday, when investors and economists will assess the strength of American consumers' purchasing power and the impact of higher tariffs on the US retail industry. Analysts expect earnings per share of 58 cents and revenue of $165.88 billion for the first quarter. Morgan Stanley retail analyst Simeon Gutman said he expects Walmart and other retailers to take advantage of the temporary tariff reprieve to stock up on goods needed for the crucial back-to-school season and holiday shopping.