Walmart’s Soaring Earnings and Other Major Stocks on the Rise Walmart’s Soaring Earnings and Other Major Stocks on the Rise

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The Nasdaq Composite faced major headwinds on Tuesday, shedding over 200 points, yet Walmart Inc. WMT stood aloft, reporting stellar fourth-quarter results that outstripped expectations, steering a 4.9% climb in its stock price to $178.66.

Walmart’s resilience was reflected in its robust fourth-quarter FY24 net sales growth, which scaled 5.7% year-over-year to a staggering $173.39 billion, besting the consensus of $170.71 billion. Its adjusted EPS at $1.80 eclipsed the benchmark of $1.65.

The company’s fortitude reverberated further as its board sanctioned an annual cash dividend for fiscal year 2025, bequeathing 83 cents per share on a post-stock split basis or $2.49 per share on a pre-split basis, marking a 9% escalation from the last fiscal year.

As Walmart charted its stellar trajectory, other major stocks also witnessed upward mobility, underscoring the fervor in today’s session.

  • Iovance Biotherapeutics, Inc. IOVA shares leaped 37% to $12.55, propelled by the U.S. Food and Drug Administration’s accelerated approval of AMTAGVI, as well as an underwritten offering of its common stock at an auspicious $9.15 per share.
  • Phathom Pharmaceuticals, Inc. PHAT surged 15.1% to $10.70.
  • VIZIO Holding Corp. VZIO ascended 14.8% to $10.94 after signing an acquisition pact with Walmart.
  • Discover Financial Services DFS soared 12% to $13.00 with news of its acquisition by Capital One Financial Corp COF in a momentous $35.3 billion all-stock transaction.
  • Barclays PLC BCS surged 11.7% to $8.35 after a buoyant fourth-quarter financial report and plans for a Β£1 billion share buyback.
  • Korea Electric Power Corporation KEP climbed 10.7% to $8.74.
  • Qurate Retail, Inc. QRTEA surged 10.6% to $1.15.
  • InterContinental Hotels Group PLC IHG gained 8.3% to $105.83.
  • Armstrong World Industries, Inc. AWI jumped 8.1% to $113.63 following upbeat results.
  • Telephone and Data Systems, Inc. TDS grew 7.7% to $15.13 after recently spilling fourth-quarter financial results and proffering FY24 guidance.
  • Owens & Minor, Inc. OMI amassed 7.7% to $22.84 subsequent to an overperforming fourth-quarter earnings and issuance of 2024 guidance.


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