Tue, 21-Oct-2025

Walmart raises outlook after third quarter results top estimates

Walmart

NEW YORK: Walmart lifted key profit forecasts on Tuesday; following another solid quarter and expressed confidence it would have sufficient inventories for the holidays, despite global supply chain snarls. The big-box chain now projects full-year adjusted earnings of $6.40/share, up from the prior range of $6.20 to $6.35 a share after the third quarter US comparable … Read more

EBay to appoint Walmart’s executive Jamie Lannone as CEO

Ebay new CEO

Online retailer Ebay has named Walmart Chief operating officer Jamie Lannone for U.S. E-commerce as its CEO. Jamie Lannone had promoted by Walmart to overseeing the retailer’s online business. The appointment comes a month after Starboard said it plans to install four directors on eBay’s 14-member board. It also wanted the company to appoint an … Read more