Walmart reported adjusted quarterly earnings of $1.39 per share, which includes a 7-cent impact from UK tax repayment. The consensus estimate had been $1.50. Revenue did beat forecasts, and US comparable sales excluding fuel were up 8.6% compared to the 5.8% FactSet estimate. The retailer’s shares are down 5% premarket.
The food producer’s stock is up 2.2% premarket after earnings matched estimates at 41 cents per share and revenue beat Wall Street forecasts. Hormel also said it is increasingly optimistic about full-year sales and earnings growth.
Marriott bucked recent trends by hotel chains by beating Street estimates, earning an adjusted 12 cents per share for its latest quarter compared to an 11 cent consensus estimate. Revenue did miss forecasts as the company continues to be impacted by the pandemic.
Sleep Number shares are surging 12.7% premarket after it reported quarterly earnings of $2.19 per share, beating the consensus estimate of $1.45, with the mattress retailer’s revenue also exceeding estimates. Sleep Number also issued upbeat full-year guidance.
Tesla cut prices for the cheaper versions of its Model 3 and Model Y vehicles, although it raised prices for upper-end variants. Shares are down 2% premarket.
The shopping center operator is up 3.1% after reporting a breakeven quarter, compared to forecasts of a 2 cents per share loss, while revenue beat estimates as well. Tanger saw an increase in foot traffic during the quarter, although lower occupancy rates continue to weigh on revenue.