Your guide to a key week of reports, including WMT

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Your guide to a key week of reports, including WMT

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for the company is muted, which could be reflected in this upcoming report. “Significant part of Cisco’s product revenues are accounted for by Campus Networking, including Switches and WLAN, which saw a significant surge in demand post the pandemic. With a recently refreshed installed base, the Campus market is now in correction,” he wrote. What history shows: Cisco shares have risen after the last six earnings releases, Bespoke data shows. Thursday Walmart is set to report earnings in the premarket, followed by a call at 8 a.m. Last quarter: Walmart earnings topped analysts’ estimates, thanks to soaring e-commerce sales . This quarter: Analysts expect mid-single digits earnings and revenue growth from the retail giant, according to LSEG. What CNBC is watching: Walmart’s strong momentum is expected to have continued in the fiscal first quarter, according to Bank of America analyst Robert Ohmes. “We see continued ****** margin expansion for WMT as increasing contributions from higher-margin profit streams (digital advertising, 3P marketplace & fulfillment services) help offset ongoing mix shift headwinds (as sales of higher-margin general merchandise continue lagging grocery and health/wellness),” the analyst said in a note Friday. What history shows: Walmart has beaten bottom-line forecasts 71% of the time, per Bespoke. However, shares fell in two of the last three earnings days.

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Cisco Systems Inc,Walmart Inc,Home Depot Inc,Earnings,Markets,business news
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