Retailer Walmart is expected to report earnings ahead of the bell.
Here’s what Wall Street expects:
- Earnings: $1.12 per share, according to Thomson Reuters
- Revenue: $120.51 billion, according to Thomson Reuters
- Same-store sales: an increase of 2 percent, according to Thomson Reuters
Last quarter, Walmart sent shares tumbling when it reported slowing e-commerce sales. Still, the company is taking steps to revitalize its e-commerce arm, particularly in food. The retailer has been re-outfitting its stores to adjust for online delivery and further pushing out its meal kit business.
Meanwhile, Walmart is amid an international transformation, announcing two deals over the past month.
It plans to partially exit its stake in British grocer Asda by merging the business with peer J Sainsbury, it said in April. Earlier this month, it announced a $16 billion acquisition of Indian e-commerce giant Flipkart.
This story is developing. Please check back for updates.