Dow Jones Today: Stock Futures Tick Up; Walmart, Chubb Jump

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Walmart Surges on Earnings Beat, Raised Guidance

1 hr 4 min ago

Walmart (WMT) shares jumped in early trading Thursday following the release of a fiscal 2025 first-quarter earnings report that surpassed analyst estimates and included raised guidance for the full fiscal year.

Revenue rose 6% year-over-year to $161.51 billion, above the $159.51 billion that analysts had expected, according to estimates compiled by Visible Alpha.

Walmart was also substantially more profitable than analysts expected, with the retailer reporting net income of $5.1 billion, or 63 cents per share, above estimates of $4.05 billion and 51 cents per share. Profits more than tripled last year’s figures.

Walmart’s U.S. locations and its members-only chain Sam’s Club each reported a 4.6% year-over-year bump in revenue to $108.67 billion and $21.44 billion, respectively, while Walmart International’s revenue jumped over 12% to $29.83 billion.

The retail giant didn’t provide any new numbers for its guidance, but said it expects several metrics to be at the high end or above the original ranges they gave earlier this year.

Walmart shares were up more than 6% Thursday morning, bringing their year-to-date gain to about 21%.

Aaron McDade

Stocks Making the Biggest Moves Premarket

1 hr 41 min ago

Gains:

  • Chubb (CB): Shares of the insurance company jumped 6% after Warren Buffett’s Berkshire Hathaway revealed a 6% stake in the company, a position it has been quietly building since last year. 
  • Walmart (WMT): Shares of the discount retailer climbed 6% after it reported better-than-anticipated earnings, with net income exceeding expectations by more than 25%. 
  • Cisco (CSCO): Shares of the networking company gained about 2% after beating quarterly revenue estimates and raising its full-year sales guidance.

Losses:

  • GameStop (GME): Shares of the video game retailer slid 14%, continuing to fall as the meme stock frenzy that sent its shares soaring on Monday and Tuesday ran out of steam. 
  • Under Armor (UA): Shares of the athletic apparel company tumbled 7% after warning North American sales would fall up to 17% in the current fiscal year.
  • Novo Nordisk (NVO): Shares of the Wegovy and Ozempic maker slipped 1% after a fire broke out at a key manufacturing hub in Kalundborg, Denmark.

Stock Futures Tick Up, Extending Inflation Rally

2 hr 29 min ago

Futures contracts connected to the Dow Jones Industrial Average were marginally higher in premarket trading.

S&P 500 futures gained 0.1%.

Nasdaq 100 futures were up nearly 0.2%.