Walmart to report today on earnings
Walmart Inc. will release its third-quarter earnings results before the stock market opens today. A recorded conference call and quarterly earnings report will be available to the public around 6 a.m.
The earnings call can be accessed in the United States and Canada by dialing (877) 523-5612 and entering access code 9256278 followed by the pound sign. Earnings reports are posted on the company's corporate website at stock.walmart.com/investors.
Analysts expect the Bentonville retailer to post adjusted earnings of $1.01 per share on revenue of $125.45 billion, according to a survey by Thomson Reuters. In last year's third quarter, Walmart reported adjusted earnings of $1 per share on revenue of $123.2 billion.
Walmart's third-quarter earnings will include Flipkart Group's financials for the first time, under the retailer's international division. Walmart's acquisition of 77 percent of the Indian e-commerce firm closed Aug. 18.
-- Serenah McKay
Tyson plans to spend $30M on Texas plant
Tyson Foods, Inc. has plans to spend $30 million to expand a beef and pork processing plant in Sherman, Texas, a newspaper reported this week.
Officials with the Sherman Economic Development Corp. told the Herald Democrat that Sherman's largest employer, Tyson, plans to spend $30 million on an 80,000-square-foot expansion of its plant.
No new jobs will be added at the plant, said Stacey Jones, vice president of the economic development agency.
"We're very excited," Jones said in an interview with the newspaper. "It means one of our largest employers is planning to stay and grow in our community."
A spokesman for Tyson said Wednesday in an email that the meatpacker is "exploring a potential upgrade of our material handling facility" to better support production.
--Nathan Owens
State index follows market trends down
The Arkansas Index, a price-weighted index that tracks the largest public companies based in the state, fell 3.38 to 424.10 Wednesday.
"Stocks opened higher on tame [consumer price index] data for October but resumed their downward slide to close lower on the day as financials underperformed following comments by the prospective incoming House Financial Services [Chairman] Maxine Waters pledging to stop easing banking regulations," said Leon Lants, managing director at Stephens Inc. in Little Rock.
Total volume for the index was 23.4 million shares.
The index was developed by Bloomberg News and the Democrat-Gazette with a base value of 100 as of Dec. 30, 1997.
Business on 11/15/2018