The latest “Buzz on the Street” Show: Featuring Retail Report (NASDAQ: JD) (NYSE: M BABA WMT)

Published on: 16 Aug, 2019


FinancialBuzz.com’s latest Buzz on the Street Show: Featuring our Retail News Report on JD.com, Inc., Macy’s, Inc., Alibaba Group Holding Limited and Walmart Inc.

Starting the week off on Tuesday, JD.com, Inc. (NASDAQ: JD) reported a strong second quarter as an increase in annual active accounts and its June 18th Anniversary Sale helped the Chinese e-commerce giant top analysts’ earnings expectations with 33 cents per share on revenues of 21.9 Billion dollars

Then on Wednesday morning, Macy’s, Inc. (NYSE: M) missed analysts’ estimates, earning just 28 cents per share on revenues of 5.55 Billion dollars. CEO Jeff Gennette cited numerous reasons for the weaker quarter such as sales issues in its women’s sportswear private brands and slowing international tourism.

Alibaba Group Holding Limited (NYSE: BABA) followed on Thursday, reporting its 42% year-over-year revenue surge helped on by its 34% growth in monthly active users. The Chinese e-commerce giant earned 1.83 dollars per share on revenues of 16.74 Billion dollars

Lastly, Walmart Inc. (NYSE: WMT) topped analysts’ estimates for the second quarter, reporting earnings of 1.27 dollars per share on revenues of 130.4 Billion dollars while also growing its U.S. comparable sales by 7.3%, the largest growth its experienced in over 10 years.

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For more stock market news, check out the Buzz on the Street

About Buzz on the Street: One of FinancialBuzz.com’s latest corporate and financial news shows, covering the latest trending stock market news. Buzz on the Street looks to become a leader in corporate video news dissemination. Buzz on the Street is 100% original content, brought to you by Financial Buzz Media.

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Nikita Medvedev

Email: Nikita@financialinsiders.com

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