Tue, Feb 6, 2024 12:33 PM
Rupee turns flat at 83.03 against US dollar in early trade
A Flip by Avya Verma
Walmart is set to report earnings on Tuesday, with analysts expecting sales growth as its customer base expands across income levels, driven by market share gains and a growing digital advertising business that boosts profit margins. The retailer is projected to report quarterly revenue of $167.73 billion and net income of $4.24 billion. Walmart shares are up 60% this year.
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Shopify and Block, e-commerce and payments companies, have similar trajectories, benefiting from pandemic tailwinds and facing significant drawdowns. Shopify has a neutral outlook, with strong revenue growth and profitability, but high valuations. Block has a bullish outlook, with a lower growth profile but strong EPS growth forecast and undervalued relative to its growth potential.
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Hindustan Zinc on Friday said it has emerged the preferred bidder for a gold mine block in Rajasthan that will help it expand its previous metal portfolio. The company secured a composite licence for a gold mining block in Rajasthan through the state government auctions held on November 13, it said in a statement.
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