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Walmart on alert, sending other retail stocks also lower thanks to investment.com


© Reuters. After-hours movement: Walmart sinks in warning, drops other retail stocks

After-hours stock moves:

Aaron’s (NYSE:) 25% LOW; reported Q2 EPS of $0.79, $0.15 better than analyst estimate of $0.64. Revenue for the quarter came in at $610.4 million versus the consensus estimate of $607.87 million. Aaron’s sees a 2022 EPS of $1.75-$2.15, compared to a consensus of $2.68. Aaron’s has 2022 revenue of $2.19-2.27 billion, compared to consensus of $2.34 billion.

Walmart Inc. (NYSE:) 10% LOWER; The full and Q2 guidance cuts for 2023 were driven primarily by pricing actions aimed at improving inventory levels at Walmart and Sam’s Club in the US and compounding sales.

Shell Midstream Partners, LP (NYSE:) 10% HIGHER; Shell (LON: USA, Inc. and Shell Midstream Partners, LP (SHLX) today announced that they have entered into a definitive agreement and merger plan (the “Merger Agreement” and the transactions contemplated, collectively, the “Transaction”) ) under which Shell USA will acquire all units representing a limited partnership interest in SHLX held by the public (“Public General Unit”) for $15.85 per Unit. cash equity with a total value of approximately $1.96 billion. A subsidiary of Shell USA currently owns 269,457,304 units of common SHLX, or 68.5% of common SHLX units.

F5 Network (NASDAQ:) 6% HIGHER; reported Q3 EPS of $2.57, $0.33 better than analyst estimate of $2.24. Revenue for the quarter came in at $674 million versus the consensus estimate of $668.36 million. F5 Networks sees Q4 2022 EPS of $2.45-$2.57, compared with a consensus of $2.28. F5 Networks posted Q4 2022 revenue of $680-700 million, compared with a consensus of $689.4 million.

Target Corporations (NYSE:) 5% LOWER; dropped after Walmart’s warning.

Macy’s, Inc. (NYSE:) 4% LOWER; dropped after Walmart’s warning.

Amazon.com, Inc. (NASDAQ 🙂 4% LOWER; dropped after Walmart’s warning.

Dollar Tree, Inc. (NASDAQ 🙂 4% LOWER; dropped after Walmart’s warning.

Five Below, Inc. (NASDAQ 🙂 4% LOWER; dropped after Walmart’s warning.

Span Design System (NASDAQ:) HIGHER 3%; reported Q2 EPS of $1.08, $0.12 better than analyst estimate of $0.96. Revenue for the quarter came in at $858 million versus the consensus estimate of $834.51 million. Cadence Design Systems sees Q3 2022 EPS of $0.94-$0.98, compared with a consensus of $0.93. Cadence Design Systems sees Q3 2022 revenue of $860-880 million, compared with a consensus of $847.8 million. Cadence Design Systems sees a 2022 EPS of $4.06-$4.12, compared to a consensus of $3.93. Cadence Design Systems has 2022 revenues of $3.47-3.51 million, compared with a consensus of $3.41 million.

Total Dollars (NYSE:) 3% LOW; dropped after Walmart’s warning.

Wholesale Costco (NASDAQ:) 3% LOW; dropped after Walmart’s warning.

Ross Stores, Inc. (NASDAQ 🙂 3% LOW; dropped after Walmart’s warning.

Kohl’s Corporation (NYSE:) 3% LOW; dropped after Walmart’s warning.

Lowe’s company, Inc. (NYSE:) 2% LOW; dropped after Walmart’s warning.

The Home Depot Inc. (NYSE:) 2% LOW; dropped after Walmart’s warning.

Whirlpool (NYSE:) HIGHER 2%; reported Q2 EPS of $5.97, $0.70 better than analyst estimate of $5.27. Revenue for the quarter came in at $5.1 billion versus the consensus estimate of $5.23 billion. Whirlpool sees a 2022 EPS of $22.00-$24.00, compared to a consensus of $23.91. Whirlpool posted 2022 revenue of $20.7 billion, compared with a consensus of $21.84 billion.

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