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Walmart, Nvidia earnings — What to know in markets Thursday

Heidi Chung
Reporter

Retail behemoth Walmart (WMT) and chip giant Nvidia’s (NVDA) earnings reports will be closely monitored by investors Thursday.

The world’s biggest retailer will deliver third-quarter financial results ahead of the opening bell.

Analysts are expecting another strong quarter for Walmart. Same-store sales, a key metric for retailers, are anticipated to have jumped 3.1% at Walmart and 1.4% at Sam’s Club during the third quarter. Walmart is expected to report adjusted earnings of $1.09 per share on $128.67 billion of revenue.

Walmart’s third quarter follows a beat and raise second quarter. Walmart’s bet on e-commerce is certainly paying off, as the retailer is on pace to meet its 35% online-sales growth target this year. During the second quarter, online sales grew 37% at Walmart with strong growth in grocery. Sam’s Club’s online sales grew 35% in Q2.

Shares of the retail giant have soared more than 30% this year.

NVIDIA video chip on the motherboard

Meanwhile, after the market close, Nvidia is expected to report third quarter adjusted earnings of $1.57 per share on $2.91 billion in revenue, according to analysts polled by Bloomberg.

Nvidia’s gaming segment will be in focus. Sales in the segment have accelerated as a slew of new games using the chipmaker’s technology have given a boost to Nvidia’s graphics processing unit (GPU) sales. Analysts project gross margins rose 62%, while operating margins are expected to have jumped 33%.

Even as Nvidia is expected to report a solid third quarter, investors will be hyper focused on fourth-quarter guidance and projections for the company’s PC gaming and data center businesses.

Shares of Nvidia have soared 57% in 2019.

Other notable earnings reports scheduled for Thursday include Viacom (VIAB) and Sina (SINA) before the market open and Applied Materials (AMAT) after market close.

Heidi Chung is a reporter at Yahoo Finance. Follow her on Twitter: @heidi_chung.

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