Walmart (NYSE:WMT) Fiscal Q1 Adjusted Earnings, Revenue Rise; Issues Fiscal Q2 Outlook, Lifts Fiscal 2024 Guidance

Walmart (WMT) reported fiscal Q1 adjusted earnings  of $1.47 per diluted share, up from $1.30 a year earlier. Analysts polled by Capital IQ expected $1.32. Net sales for the quarter ended April 30 were $151 billion, up from $140.29 billion a year earlier. Analysts surveyed by Capital IQ expected $147.91 billion. For fiscal Q2, Walmart estimates $1.63 to $1.68 in adjusted EPS and net sales growth of roughly 4%. Analysts surveyed by Capital IQ expect adjusted earnings of $1.70 per share. For fiscal-year 2024, the company now expects adjusted EPS of $6.10 to $6.20 and net sales growth of roughly 3.5%. It previously expected adjusted EPS of $5.90 to $6.05 and 2.5% to 3% in sales growth. Analysts polled by Capital IQ expect adjusted EPS of $6.14.

Walmart (NYSE:WMT) Fiscal Q1 Adjusted Earnings, Revenue Rise; Issues Fiscal Q2 Outlook, Lifts Fiscal 2024 Guidance Read Post »

Synopsys (NASDAQ:SNPS) Fiscal Q2 Non-GAAP Earnings, Revenue Advance; Ups Fiscal 2023 Guidance

Synopsys (NASDAQ:SNPS) reported fiscal Q2 non-GAAP earnings  of $2.54 per share, up from $2.50 a year earlier. Analysts polled by Capital IQ expected $2.47. Revenue for the quarter that ended March 31 was $1.4 billion, up from $1.28 billion a year earlier. Analysts surveyed by Capital IQ expected $1.38 billion. The software company said it expects fiscal Q3 non-GAAP EPS of $2.70 to $2.75 on revenue of $1.47 billion to $1.5 billion. Analysts polled by Capital IQ are looking for $2.68 and $1.48 billion, respectively. The company said it now expects fiscal 2023 non-GAAP EPS of $10.77 to $10.84. That compares with its prior guidance of $10.53 to $10.60. Revenue for the current fiscal year is now projected to be between $5.79 billion and $5.83 billion, the company said. That compares with a range of $5.78 billion to $5.83 billion previously.

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